The Port Authority today delivered a detailed report outlining a comprehensive road map that will guide the ongoing rebuilding of the World Trade Center site, and bring a new level of certainty and control to the complex project.
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We are now going to study the Port Authority's report and back-up materials so that our construction professionals can evaluate the new dates they have identified. This will allow us to gauge the impact on our part of the World Trade Center rebuilding effort.  Read more...

Ulrich Schmid-Maybach, founder of the Wilhelm & Karl Maybach Foundation and Silverstein Properties President and CEO Larry Silverstein introduced today a new World Trade Center Documentary Arts Project and unveiled a visual update on construction activity at WTC site. As a result of the collaboration between the Wilhelm & Karl Maybach Foundation and Silverstein Properties Inc., gifted young photographers from adverse backgrounds have been granted unprecedented access to photograph construction activity at the WTC site. Compelling artwork from the project is being showcased for the first time as part of the Foundation’s Excellence in Mentoring Leadership program.   Read more...

At a press conference at 7 World Trade Center, the National September 11 Memorial & Museum today provided a design briefing for the Memorial Museum Pavilion. The Museum Pavilion, designed by the Norwegian architecture firm, Snøhetta, and located between the two Memorial pools on the northeast quadrant of the Memorial Plaza, will be a graceful glass and steel structure that will serve as the primary entry into the Memorial Museum.  Read more...

The Port Authority of New York and New Jersey has completed the excavation work for World Trade Center Tower 3.  Read more...

Silverstein Properties President and CEO Larry A. Silverstein today announced an agreement with Four Seasons Hotels and Resorts – the world leader in luxury hospitality and service – to operate a hotel and private residences within a new development at 99 Church Street in Lower Manhattan. The announcement was made at a breakfast sponsored by the Alliance for Downtown New York and the Downtown-Lower Manhattan Association.  Read more...

The Port Authority announced today that it has substantially completed the excavation of the basement area for Towers 3 and 4 at the World Trade Center site, and that it would complete the entirety of the excavation of Tower 4 by mid-January, and Tower 3 two to four weeks later.   Read more...

Silverstein Properties and its joint venture partner, the California State Teachers' Retirement System (CalSTRS), announced today that it has acquired 1177 Sixth Avenue in midtown Manhattan from Paramount Group, Inc. for more than $1 billion.   Read more...

CG/LA Infrastructure announced today the confirmation of several new projects for the Global Infrastructure Leadership Forum, including the Panama Canal Expansion. The Global Infrastructure Leadership Forum will be held from December 12-14 at Seven World Trade Center in New York City. New York City Deputy Mayor Dan Doctoroff will open the Leadership Forum on December 12, and Larry Silverstein, President & CEO of Silverstein Properties, owner of 7 World Trade Center, will deliver a keynote.   Read more...

World Trade Center developer Larry Silverstein today announced that Yonkers Contracting Company, Inc. of New York has been awarded contracts to build the foundations for World Trade Center Towers 3 (175 Greenwich Street) and 4 (150 Greenwich Street).   Read more...