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New York’s World Trade Center Struggles to Fill Office Space

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endicom:
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

endicom:

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.

mountaineer:

--- Quote from: endicom on September 11, 2018, 11:47:50 am --- 'We'll show them!' overrode all practical considerations from conception to completion.

--- End quote ---
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.

endicom:

--- Quote from: mountaineer on September 11, 2018, 12:10:41 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.

--- End quote ---


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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