NEW YORK | 200 Greenwich St (2WTC) | 1,348 FT | 88 FLOORS | ON HOLD

New York Proposed
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From the WTC site:

2 WTC is the capstone in the redevelopment of the World Trade Center and the final component of the revitalization of Lower Manhattan. The 80+ story building will serve as the new headquarters for 21st Century Fox and News Corp who will occupy the lower half of the tower, housing their subsidiary companies and more than 5,000 people under one roof.

Building Facts

Second tallest of WTC Towers
80+ Stories / 1,270 feet tall
2.8 million rentable square feet of space
40 foot high office lobby
Life-safety systems to far exceed NYC building code
Located at 200 Greenwich St. and bound by Church Street to the east, Vesey Street to the north and Fulton Street to the south

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Can you imagine this scene with 2 WTC and 111 Murray?

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Samhirine

<img src="//cdck-file-uploads-global.s3.dualstack.us-west-2.amazonaws.com/business5/uploads/yimby/original/2X/9/940b1f558f998912c9591b4c37d7d0ff854b1dd2.jpg" width="400" height="500">

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Who Rob?

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Everyone. It will be amazing. Let’s not forget about 45 Broad and 80 South Street!

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^^ Potentially 42 Trinity (SYMS) could be tallest of that group!

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That’s true too!

Only in NY!!

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My WTC site rendering edit https://goo.gl/photos/YLqwJsXPhbt9YSmWA

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Nice work, Tom!

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I can’t wait to see BIG’s gem in the skyline!

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Yellow Hammerhead Crane coming down Monday December 7th

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I hope we get news soon about this amazing tower!

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Luckily for you @robertwalpole , they are cleaning up tower 2’a site now, you can see on the path camera that they cleaned up the north corner of 2 WTC’a site! It has also been confirmed that 2 WTC will start next month!

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That’s great news. Makes sense as Larry is aiming for a 2020 opening. WTC2 needs to rise pronto. Fill the gap in the skyline that those sand apes took from us. Time for the site to finally return to the glorious state. A completed WTC site is a big middle finger to those who caused us damage.

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Bring it on, lads!!!

New World Trade Center Tower Could Get a Lift
Port Authority considers offering concessions toward construction of 2 World Trade Center

By ANDREW TANGEL

Dec. 7, 2015 8:27 p.m. ET

The Port Authority of New York and New Jersey is considering offering financial concessions toward construction of another office tower at the World Trade Center site in lower Manhattan.

The proposed concessions are intended to make way for construction of the building known as 2 World Trade Center, half of which would be occupied by 21st Century Fox Inc. and News Corp , according to a summary released by the authority on Monday.

News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal. News Corp and Fox were part of the same company until 2013. The companies’ current lease in Midtown Manhattan isn’t expected to expire until 2020.

Spokesmen for News Corp and 21st Century Fox declined to comment. The companies entered into a nonbinding letter of intent with the developer Larry Silverstein earlier this year to occupy approximately 1.5 million square feet space in the new tower.

Commissioners who oversee the Port Authority, which owns the World Trade Center site, are set to consider the measure on Thursday. In a statement, the agency said the project’s success “is contingent on some public sector support.”

The tower is expected to generate at least $500 million in additional capital-spending capacity for the agency’s projects.

According to a summary included with the authority’s meeting agenda, a proposed reduction in rental payments would be valued at $43 million.

The effective cost of those concessions to the Port Authority would be $18 million after factoring in expected New York state tax credits. Mr. Silverstein’s company would make a $9 million payment to the Port Authority, reducing the cost to $9 million, according to the agency.

A spokesman for Mr. Silverstein declined to comment.

If the Port Authority approves concessions for 2 World Trade Center, it would mark a shift from the agency’s earlier plan for the site.

The earlier plan included a provision calling for “no public sector support” for the tower on top of earlier subsidies afforded to the site.

Concessions for the site’s redevelopment have been the subject of heated discussions at the authority.

In early 2014, the Port Authority was considering a $1.2 billion financing package for Mr. Silverstein’s 3 World Trade Center. But officials scrapped the proposal after objections by some on the Port Authority’s board. That tower went ahead without the revised subsidy plan.

—Eliot Brown contributed to this article.

Write to Andrew Tangel at Andrew.Tangel@wsj.com

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Approved!!!

Let’s start this masterpiece!!!

http://www.bloomberg.com/news/articles/2015-12-10/port-authority-approves-subsidies-for-2-world-trade-development

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From The Real Deal:

Port Authority approves subsidies for Silverstein’s 2 WTC

Deal expected to generate $500M to $600M for revenue for infrastructure projects

December 10, 2015 04:10PM

Silverstein Properties’ 2 World Trade Center received a major boost Thursday from the Port Authority of New York and New Jersey, which approved subsidies to help expedite the office tower’s construction.

Silverstein, which leases the sites for 2 World Trade Center and two other towers at the complex from the Port Authority, is set to receive rent breaks from the agency meant to attract the office tower’s Rupert Murdoch-controlled potential anchor tenants, 21st Century Fox and News Corp.

The subsidies will help the tower generate $500 to $600 million of revenue supporting future transportation projects by the Port Authority, said Patrick Foye, director of the authority.

In a statement, Janno Lieber, who is overseeing the World Trade Center project for Silverstein, characterized the deal as one that “always made sense for the Port Authority.” He classified the rent breaks as “a modest adjustment to 21st Century Fox and News Corp’s long-term ground rent,” and said they would cost the authority $9 million dollars over the 30-year lease term.

The developer would forgo paying a part of the rent only if 2 World Trade Center is built, according to Bloomberg, while completion of the Bjarke Ingels-designed tower would raise the value of the adjacent 1 World Trade Center – enabling the Port Authority to eventually exit that investment.

Silverstein has a non-binding letter of intent from 21st Century Fox and News Corp. to take about 1.5 million square feet at 2 World Trade Center in a 30-year lease, strengthening the Financial District’s position as a hub for major media companies.

Publishing giant Conde Nast is already anchoring 1 World Trade Center, while Time Inc. agreed to take 700,000 square feet at Brookfield Place last year.

Silverstein is reportedly aiming to raise about $500 million in financing through the EB-5 visa program to fund construction of 2 World Trade Center. [Bloomberg] — Rey Mashayekhi


Tags: 2 World Trade Center, news corp, port authority, silverstein properties

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A tribute to this opus Magnus!

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Dbox edited by Tom Koloski

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Great set. Boner definitely approves of this. The American people to as well!!! :blush:

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I agree, Chris.

This is the Age of Ramses!