Author Topic: New York’s World Trade Center Struggles to Fill Office Space  (Read 168 times)

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Online endicom

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New York’s World Trade Center Struggles to Fill Office Space
« on: September 11, 2018, 07:47:22 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




Online endicom

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Re: New York’s World Trade Center Struggles to Fill Office Space
« Reply #1 on: September 11, 2018, 07:47:50 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.


Offline mountaineer

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Re: New York’s World Trade Center Struggles to Fill Office Space
« Reply #2 on: September 11, 2018, 08:10:41 AM »
'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.

Online endicom

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Re: New York’s World Trade Center Struggles to Fill Office Space
« Reply #3 on: September 11, 2018, 08:23:57 AM »
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.



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