Work on the remaining major milestone--completion of excavation work in the Tower 2 and Tower 4 areas--is continuing. In a release, the Port Authority says it's working cooperatively with Silverstein Properties Inc., which is developing Towers 2 and 4, "to get this work done as quickly as possible." Delays in completing the work led an arbitration panel ruling last month that the authority had not yet met its obligation to turn over a construction-ready site to SPI.

The milestones were established last October as part of the World Trade Center Assessment, a review of all the major public projects at Ground Zero. They encompass work on the WTC Transportation Hub, the National September 11 Memorial & Museum, the vehicle security center and the Freedom Tower, also known as One World Trade Center.

On the transportation hub, the authority has turned over final construction documents to Phoenix Constructors, begun procuring 22,000 tons of structural steel and started installation of steel on the south mezzanine pavilion. For the memorial, the authority has completed design work on the memorial's pavilion and finished installing steel on the northern part of the West Bathtub. The authority has mobilized contractors to construct the foundation walls for the vehicle security center. On the Freedom Tower, the authority has completed foundation work and brought the South Core shear walls up to grade level.

Continue Reading for Free

Register and gain access to:

  • 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.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.