"He is planning to move ahead with Seven World Trade Center," the spokesman says. "He hopes to be in the ground with the Con-Ed substation by June of this year and six months after that he hopes to start construction on the tower above it. The substation is the first phase."

While plans for the tower have not been released, the new building will be "comparable in the amount of office space to what Seven World Trade was before," the spokesman said. Silverstein has hired Tishman Construction Corp. as well as architecture firms Skidmore, Owings & Merril and Cooper Roberts Simonsen for the project.

Seven World Trade Center was a 47-story, two-million-sf office tower with a tenant roster that included American Express Co., the New York City Mayor's Office of Emergency Management, Salomon Smith Barney and the US Securities and Exchange Commission.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.