The Briefing Room

State Chapters => NY/NJ => Topic started by: endicom on September 11, 2018, 11:47:22 am

Title: New York’s World Trade Center Struggles to Fill Office Space
Post by: endicom on September 11, 2018, 11:47:22 am
Wall Street Journal
Peter Grant
Sept. 11, 2018

Restoring the World Trade Center’s office market has been slow going.

The emotionally fraught rebuilding of the signature 1,776-foot tall One World Trade Center skyscraper and three other towers was delayed for years by political and financial battles. More recently, leasing has been hampered by a New York office market that has been weaker than expected for this late stage in the economic cycle.

Paywalled... https://www.wsj.com/articles/new-yorks-world-trade-center-struggles-to-fill-office-space-1536663600 (https://www.wsj.com/articles/new-yorks-world-trade-center-struggles-to-fill-office-space-1536663600)



Title: Re: New York’s World Trade Center Struggles to Fill Office Space
Post by: endicom on September 11, 2018, 11:47:50 am

The original WTC had the same problem so it was helped by moving government agencies there. Far from being a tribute to capitalism, it was a government project that was unneeded and unwanted.

That the new WTC is "emotionally fraught" is an understatement. 'We'll show them!' overrode all practical considerations from conception to completion.

Title: Re: New York’s World Trade Center Struggles to Fill Office Space
Post by: mountaineer on September 11, 2018, 12:10:41 pm
'We'll show them!' overrode all practical considerations from conception to completion.
I always thought the construction of a "bigger, taller" WTC as some sort of f*** you to terrorists was a ridiculous notion. They weren't attacking capitalism. They were just attacking an easy victim-full target.
Title: Re: New York’s World Trade Center Struggles to Fill Office Space
Post by: endicom on September 11, 2018, 12:23:57 pm
I always thought the construction of a "bigger, taller" WTC as some sort of f*** you to terrorists was a ridiculous notion. They weren't attacking capitalism. They were just attacking an easy victim-full target.


I agree. I was one of a minority at TOS trying to argue against the emotional needs of the majority. Or the majority posting, anyway.