Search
 

State Condemns Parcel to Complete New 7 WTC Site

NEW YORK CITY-A narrow strip of land that would change the footprint of a new 7 World Trade Center building and restore the original street grid is being acquired by the state through its powers of eminent domain and transferred to the Port Authority.

By Glen Thompson | Updated on September 05, 2002

NEW YORK CITY-The state’s powers of eminent domain are being invoked to condemn a strip of city-owned land that will be part of the new 7 World Trade Center site, Governor George Pataki and Mayor Michael Bloomberg revealed yesterday. The condemnation would enable Con Ed to build a much-needed new substation and leave enough room for developer Larry Silverstein to build a class A office building on a parcel aligned to the original street grid.

The land in question is situated along the north side of Vesey Street from Washington Street to West Broadway and is 26 ft wide at its widest point. By claiming it for the new 7 WTC, the state, through the Empire State Development Corp., will enable leaseholders Con Ed and Silverstein to proceed with a plan to redevelop the site on a smaller footprint while reinstating the street grid.

Under the design submitted by Silverstein and Con Ed, the new 7 WTC would be bordered by Barclay Street on the north and Washington Street on the west. Its eastern boundary would recreate the former Greenwich Street corridor, which was blocked by the original 7 WTC, and its southern border would be the new northerly line of Vesey Street. Silverstein has hired Tishman Contruction Corp. as well as architecture firms Skidmore, Owings & Merril and Cooper Roberts Simonsen for the project.”These plans open the door for the rebuilding of the Con Ed substations lost in the collapse of World Trade Center 7,” Bloomberg says. “It is important that we proceed with the plans for a new substation, better and more modern than it was before, in order to meet the energy needs of the community as we look towards the rebuilding process.”

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.