According to newspaper and television reports released today, Brookfield chairman John Zuccotti met with Larry Silverstein last week to discuss the project. The two developers are said to have jointly hired Skidmore Owings & Merrill LLP architect David Childs and urban planner Alex Cooper to work up a proposal.

Toronto-based Brookfield has reportedly suggested linking the WTC site to its World Financial Center via a tunnel that would run beneath West Street. Such a plan would dovetail with recently published reports that Brookfield would like to build a mass-transit hub beneath the World Financial Center complex.

Silverstein signed a 99-year lease on the WTC with the Port Authority of New York and New Jersey, which owns the property and reportedly hopes to make a preliminary decision before Thanksgiving regarding its redevelopment.

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.