A combination of value, cache and new or snazzily refurbished office space is becoming a wining trifecta to lure media companies, technology firms and other businesses to the Downtown market. Prior to the recession, one might have wondered where to put these creative companies, but today, this migration of young and vibrant industries is filling the widening chasm being left by financial services firms as that sector continues contracting, according to industry analysts.
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Two months after Silverstein Properties announced the launch of Silver Suites Offices, the collaborative work space occupying 30,000 prebuilt square feet on the 46th floor of the 52-story 7 World Trade Center is 50 percent leased.  Read more...

Before Jeremy Moss, senior vice president of leasing at Silverstein Properties, joined the firm four and a half years ago, he spent eight years working at Forest City Ratner, a tenure that culminated in a role managing the leasing of the office space at the New York Times building. He called working alongside Bruce Ratner and MaryAnne Gilmartin on the Times building “a great learning experience that prepared me well for the World Trade Center.” Mr. Moss helped oversee leasing at Silverstein’s 7 World Trade Center and is now leading efforts at 2, 3 and 4 World Trade Center. “I feel fortunate to be able to work on such a historic project, particularly as a native New Yorker,” Mr. Moss said when he sat down with The Commercial Observer last week to discuss his leasing efforts at the World Trade Center, its impacts on lower Manhattan and the future of the market.  Read more...

4 World Trade Center
With structural steel and concrete complete, the last 5 rows of the curtain wall system are now being completed at the top of the building. Simultaneously, the curtain wall panels to infill of the hoist opening on the north side of the building are in progress. The installation of elevators continues at passenger car banks D, E, and the Service Car Elevators up to the 72nd floor. Mechanical work, fireproofing/firestopping and masonry work are advancing. The work in the commercial lobby ceiling has been completed and the temporary work platform has been removed. The Temporary Certificate of Occupancy (TCO) is expected in the Fall of 2013.
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The city will dole out $1.25 million to startups that plan to move to storm-stricken lower Manhattan, according to a new report.

The Economic Development Corp. will announce the 20 finalists for the cash this week, which it expects will spur a migration of hip tech companies to the area long associated with finance, Crain’s New York Business reported.
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