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Old June 8th, 2011, 02:49 PM   #561
oli83
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Do they maybe use the tower pieces from the memorial tower crane? Because those are still around, while the cabin and the boom have been moved over to the new tower crane for the transport hub in the eastern bathtub.

Or is there any other reason why the tower of the memorial crane is still standing?
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Old June 8th, 2011, 03:21 PM   #562
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Jesus Christ, finally..I already thought they'll never put another crane..
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Old June 8th, 2011, 05:16 PM   #563
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From The New York Times, 8 June 2011:

Regretting Move, Bank May Return to Manhattan
By CHARLES V. BAGLI
Fifteen years ago, New York City’s reputation as an international financial center was called into question when the giant Swiss bank UBS moved its North American headquarters to the Connecticut suburbs, where it built the largest trading floor in the world.

Now, though, UBS is having buyer’s remorse. It turns out that a suburban location has become a liability in recruiting the best and brightest young bankers, who want to live in Manhattan or Brooklyn, not in Stamford, Conn., which is about 35 miles northeast of Midtown. The firm has also discovered that it would be better to be closer to major clients in New York City.

As a result, UBS is seriously considering a reverse migration that would bring its investment banking division and up to 2,000 bankers and traders back to Wall Street and a new skyscraper at the rebuilt World Trade Center, according to real estate executives and city officials.

“They just can’t hire the bankers and traders they need,” said one landlord who has spoken with UBS but requested anonymity so as not to alienate a potential tenant.

The bank is also looking at several Midtown locations, and Connecticut is sure to wage a fierce battle to keep UBS in Stamford, where it is the largest private employer and the biggest taxpayer.

A final decision is perhaps months away, and any move would not take place until 2015.

But over the last week, UBS has engaged in negotiations with the developer Larry Silverstein over the terms of a potential financial deal at 3 World Trade Center, an 80-story office tower that he plans to build at 175 Greenwich Street. The return of UBS would be a boon to New York, which in past decades often suffered from corporate defections that were fueled by a sense that computers and telecommunications had made a Manhattan location more of a luxury than a necessity.

The move would be the latest sign that New York has regained its allure as a caldron for the young and creative. Six months ago, Google paid nearly $2 billion for a large building just north of the meatpacking district, in the same Manhattan neighborhood where many of its employees live.

“A key piece of the mayor’s economic strategy has been to make New York City a place people want to be,” Deputy Mayor Robert K. Steel said, “and more than ever the city is the ideal location for any company, like UBS, that succeeds by attracting a talented, motivated work force.”

A UBS trader in his 20s said that like many of his peers at the firm, he would have preferred a job in New York City, where he lives.

“I mean, it’s annoying,” said the trader, who asked that his name not be used because he was not authorized to speak about the possible relocation. “I take Metro-North. I live pretty close to Grand Central, so it’s not a terrible commute. But it’s not ideal.” The trip takes about 45 minutes to an hour, depending on how many stops the train makes.

He added that “the bank’s plan is to move to New York, but it’s mostly to be closer to clients.”

UBS has hired the real estate brokerage firm CB Richard Ellis to explore new space. A UBS deal would also be a vindication of a multibillion-dollar effort to rebuild the World Trade Center complex. After the terrorist attack on the trade center, there was widespread debate over the future of the city’s financial center downtown. Since then, the residential population there has swelled.

Last month, Condé Nast, publisher of The New Yorker, Vanity Fair and Glamour, signed a deal to be the anchor tenant of 1 World Trade Center, the signature skyscraper at the northwest corner of the site.

Mr. Silverstein has the right to build three towers along Greenwich Street. The first one is already under construction, and the city has pledged to take space in it. But Mr. Silverstein has long sought a large financial tenant for what is known as Tower 3, which features five trading floors at the base, and will be built before Tower 2 is. A possible UBS relocation, which was first reported by Bloomberg News last week, would be a major blow to Stamford, where a quarter of the office space is vacant.

Michael Pavia, the mayor of Stamford, said UBS executives have been noncommittal, saying they have “no firm plans, nothing that they can report at this time.”

He said he and Gov. Dannel P. Malloy, a former mayor of Stamford, “are committed to keeping UBS here.”

Catherine Smith, Connecticut’s economic development commissioner, said: “We just want to make sure that Connecticut has a fair shot. We love having them in the state and hope they’ll stay. But you don’t always win these competitive battles.”

Mr. Pavia said UBS had about 3,000 employees in Stamford, down from more than 4,000 a couple of years ago. The bank, which leases but does not own any space in Stamford, is not expected to move all its employees out of town.

UBS issued a statement saying that “we routinely evaluate our space allocation as these leases expire and/or space becomes available.”

UBS, then known as Swiss Bank, touched off cross-border recriminations and municipal hand-wringing in 1994, when it announced plans to move from its two Manhattan locations, one in Midtown and the other in the financial district, to Stamford. New York City, still in the throes of a deep recession, was already hurting after the defection of MasterCard to Westchester County.

City officials and real estate executives feared that New York was about to endure another wave of corporate departures to less-expensive locales in Connecticut and New Jersey and beyond. Some experts suggested that financial firms no longer needed to be in Manhattan and close to Wall Street because of the spectacular growth of computerized trading and telecommunications.

Connecticut sweetened the pot for UBS by dangling what was supposed to be a $120 million package of tax breaks and interest-free loans, although the actual value of the incentives turned out to be substantially less. The bank erected a trading floor the size of two football fields, packed with more than 5,000 computer monitors.

At the time, Mayor Rudolph W. Giuliani charged that Connecticut had broken a 1991 nonaggression treaty among New York, New Jersey and Connecticut, in which state leaders promised not to use special incentives to steal jobs from one another.

New York City officials took out large advertisements in Connecticut newspapers condemning the subsidies as too costly to taxpayers. They vowed to begin wooing Connecticut firms, a largely empty threat.

“If you start a border war, you don’t really give us much choice but to fight back,” Deputy Mayor John Dyson said in 1994. “New Yorkers are not widely considered to be patty-cakes.”

U.S. Trust, Goldman Sachs, Chase, UBS and other financial institutions moved at least some of their operations across the Hudson River to New Jersey, although Goldman Sachs equity traders revolted in 2002 when the investment bank tried to relocate them to an expensive new tower in Jersey City, a mere mile from its Lower Manhattan headquarters.

Goldman slowly moved other employees over to Jersey City and then built a new headquarters in Manhattan, across West Street from the World Trade Center site.

Matt Flegenheimer and Adriane Quinlan contributed reporting.
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Old June 8th, 2011, 07:38 PM   #564
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It's a matter of time before Foster's 2 WTC gets tenants!
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Old June 8th, 2011, 09:22 PM   #565
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I think Silverstein would like to get the rest of 3 and 4WTC filled before he starts #2. I would think it'd be hard to finance a third tower when one is still 1/3 empty and another is 3/5's.
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Old June 8th, 2011, 11:49 PM   #566
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they will you see within 6 months they will get the tenant.
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Old June 9th, 2011, 12:27 AM   #567
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Quote:
Originally Posted by RobertWalpole View Post
It's a matter of time before Foster's 2 WTC gets tenants!
The Related Cos. has been talking to 18 million sq. ft. of expiring leaseholds. They're only building 6-9 million. Plenty to spare!
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Old June 10th, 2011, 02:09 PM   #568
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Quote:
Originally Posted by spectre000 View Post
I think Silverstein would like to get the rest of 3 and 4WTC filled before he starts #2. I would think it'd be hard to finance a third tower when one is still 1/3 empty and another is 3/5's.
I think he will be break even at approximately 70% occupancy and then he will market tower 2.
But let the deal with UBS be sealed first. That would be the go ahead for this tower.
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Old June 10th, 2011, 02:48 PM   #569
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Silverstein is old and wants to complete the reconstruction of the WTC. Also, if another bank cimes along and wants to be in 2WTC, Silverstein will build it. A 1m sf commitment would give it 40% or so occupancy. There is a lot of demand for new space in NYC, and these will fill soon.
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Old June 10th, 2011, 05:02 PM   #570
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Steady progress on WTC 3..

from flickr, by rhomas913

image hosted on flickr
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Old June 10th, 2011, 06:17 PM   #571
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Great news, Robert!

I hate to say this, but I mean it : Finally an American tenant!
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Old June 10th, 2011, 06:31 PM   #572
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Quote:
Originally Posted by oilmanjr View Post
Great news, Robert!

I hate to say this, but I mean it : Finally an American tenant!
UBS is Swiss!
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Old June 10th, 2011, 09:22 PM   #573
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Quote:
Originally Posted by Eric Offereins View Post
I think he will be break even at approximately 70% occupancy and then he will market tower 2.
But let the deal with UBS be sealed first. That would be the go ahead for this tower.
Another similarly sized lease at 3WTC and he should be able to move forward with 2WTC. That one will take a big anchor tenant I think. He won't be getting any $600 million public loans like he is for #3.
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Old June 10th, 2011, 09:42 PM   #574
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Quote:
Originally Posted by RobertWalpole View Post
UBS is Swiss!
Haha, wow. I even knew that.
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Old June 15th, 2011, 02:00 AM   #575
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UBS isn't the only firm looking for space at the WTC apparently.


http://www.bloomberg.com/news/2011-0...nter-site.html

Citigroup Said to Explore Office Lease at World Trade Center
By David M. Levitt and Donal Griffin - Jun 14, 2011 3:32 PM CT

Citigroup Inc. is considering leasing offices at the World Trade Center site in lower Manhattan, two people with knowledge of the discussions said.

The third-biggest U.S. lender is exploring a variety of options and hasn’t decided which building it is interested in, said one of the people, who asked not to be identified because the talks are private. Four towers are in progress, including 1 World Trade Center, slated to be the western hemisphere’s tallest building upon its completion in 2013.
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Old June 15th, 2011, 03:49 AM   #576
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Quote:
Originally Posted by oilmanjr View Post
Great news, Robert!

I hate to say this, but I mean it : Finally an American tenant!
/facepalm
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Old June 15th, 2011, 06:17 AM   #577
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Citigroup Said to Explore Taking Offices at Manhattan’s World Trade Center

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Citigroup Inc. is considering leasing offices at the World Trade Center site in lower Manhattan, two people with knowledge of the discussions said.
The third-biggest U.S. lender is exploring a variety of options and hasn’t decided which building it is interested in, said one of the people, who asked not to be identified because the talks are private. Four towers are in progress, including 1 World Trade Center, slated to be the western hemisphere’s tallest building upon its completion in 2013.
A Citigroup lease would be another victory for the trade center redevelopment, stalled for years because of indecision on its design, infighting among stakeholders and a lack of financing and tenant interest after the financial meltdown. Last month, Conde Nast Publications Inc. agreed to rent about 1 million square feet (93,000 square meters) at 1 World Trade, and UBS AG may move staff to 3 World Trade Center from Stamford, Connecticut, people familiar with the matter said.
“You can’t compare a brand-new building for efficiencies, systems, amenities, the way you can utilize space, versus an older one,” said Alan Desino, executive managing director at the New York offices of Colliers International, a commercial- property brokerage. “Pricing downtown is still very attractive, you can lock in 20-plus years in a brand-new building. That’s why you’re seeing a lot of the seemingly well-entrenched really wondering if they’re in the best situation.”
Early Stages
Citigroup, which has headquarters at 399 Park Ave. in midtown Manhattan, is in the early stages of studying its options, the people with knowledge of the talks said.
The bank also occupies offices at 601 Lexington Ave., a 59- story Midtown skyscraper known until 2009 as Citigroup Center. Both buildings are owned by Boston Properties Inc. (BXP), the biggest U.S. office real estate investment trust. Arista Joyner, a Boston Properties spokeswoman, declined to comment.
“Although we are always in touch with the real estate community about space that is coming on the market over the next few years, we have no plans to change our footprint in New York City,” Shannon Bell, a Citigroup spokeswoman, said in a telephone interview.
Queens, Tribeca
Citigroup’s offices tend to be close to stations along New York’s E subway line. Besides the two Midtown buildings, they include 1 Court Square, the city’s tallest tower outside Manhattan, in the Long Island City section of Queens, and 388 and 390 Greenwich St. in Manhattan’s Tribeca neighborhood, formerly headquarters of the Travelers Group insurance unit and now a trading complex.
The World Trade Center site is the southern terminus of the E line, which runs to Jamaica Center in central Queens.
SL Green Realty Corp. (SLG), Manhattan’s biggest office landlord, owns the Greenwich Street buildings as well as 1 Court Square. Rick Matthews, an SL Green spokesman, declined to comment.
The Durst Organization, which is responsible for leasing 1 World Trade, is in talks with companies whose space needs “are in excess of what we have available,” said Tara Stacom, a broker with Cushman & Wakefield Inc. who represents the developer. She declined to comment on whether they’re having discussions with Citigroup.

One World Trade
“One World Trade Center is a building of great interest to a lot of people, as it was, quite frankly, even before the deal with Conde Nast closed,” she said. “The entire site will surprise a lot of people come the end of this year in terms of the announcements, the levels and the number of deals that will be announced.”
About 1.2 million of the tower’s 3 million square feet are leased, Stacom said, including an earlier deal with Beijing Vantone Real Estate Co., a Chinese property firm. Tentative commitments from federal and New York State governments to take another 1 million square feet are flexible enough to allow additional private leasing, she said.
In November, Durst chairman Douglas Durst said the state may not take the space, given its budget problems.
Durst is the equity partner of the Port Authority of New York and New Jersey, which owns the 16-acre site and is developing 1 World Trade. Silverstein Properties Inc. is building two towers, 3 and 4 World Trade Center, and has started foundation work on a third, 2 World Trade, under a lease from the Port Authority.
Dara McQuillan, a Silverstein spokesman, declined to comment.
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Old June 15th, 2011, 08:24 AM   #578
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Hopefully the UBS deal goes through on 3 and Citigroup goes to 2! Than we won't have to wait for anything to happen in a year's time!
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Old June 15th, 2011, 11:51 AM   #579
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This is great..They still don't know which tower to take..Now the PA can try to suggest 2WTC...And that would mean full construction..
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Old June 15th, 2011, 12:16 PM   #580
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June 7th, wtc.com



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