Ten years after construction began — and seven after its original scheduled completion date — the Fulton Street Transit Center project overseen by MTA Capital Construction is now expected to be finished in 2014.   Read more...

4 World Trade Center

Structural steel is now above the 68th floor with concrete being poured above the 62nd floor. The curtain wall installation, which began in late April 2011, has reached the 49th floor and the above and below-grade mechanical work is advancing. In addition, the fireproofing and masonry is underway along with the building’s elevator shafts and cab installations. Two cranes are now active on the site.
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The new World Trade Center surpasses the Empire State Building as the tallest building in New York.  Read more...

Five over-70's are among those still making waves in high places in the real estate world.

Back in 1955 or 1956, Larry Silverstein scored his first success. He bought a loft building at 220 E. 23rd St. for $600,000, fixed it up, and then jacked up prices—to a whopping 75 cents a square foot.

Since then, much has changed in the real estate industry, but nearly 60 years later Mr. Silverstein is still doggedly chasing deals, just from a far loftier perch. Today, the 80-year-old developer works in a vast corner office at his 7 World Trade Center tower, arriving each morning by 9:30. Only now, he's more likely to exit at 6 p.m. than soldier on until after 9, as he did in his youth.

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NEW YORK CITY-Lower Manhattan is experiencing one of the lowest retail vacancy rates in the city – and a shopping renaissance, says Chase Welles, REBNY retail chair and vice president of the Shopping Center Group, who hosted “Downtown Retail Redefined,” a panel presentation and discussion at the Harvard Club on April 11.  Read more...

4 World Trade Center

Structural steel is now above the 63rd floor and concrete is being poured above the 47th floor. The curtain wall installation, which began In april 2011, has reached the 43rd floor and the core bathroom program is underway. In the interior of 4 World Trade Center, the installations of both the lobby’s black granite and the elevator cabs have started. In addition, the fireproofing and masonry is advancing along with the building’s shaft work.
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One tech firm that had aimed for midtown south and a nonprofit whose lease nearby was nearly up will take a total of 12,400 square feet on the 46th floor.
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It's payoff time for developer Larry Silverstein on 7 World Trade Center, nearly five years after he completed the first tower to be rebuilt in Lower Manhattan after the 2001 terrorist attacks.  Read more...

Some 6 million square feet of new space could be about to hit the New York City office market. Larry Silverstein, Silverstein Properties CEO & president, weighs in.
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Redevelopment of the World Trade Center site is now evident in the Lower Manhattan skyline, mostly with the under-construction One World Trade Center, now more than 90 floors up. But just across the 16-acre site, another tower—4 World Trade Center—is rising just as fast, if not as tall.

The building is slated for completion at the end of 2013, and unlike One World Trade, it’s being constructed by a private developer, Larry Silverstein. View a slide show of the progress.
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