Search
 

Durst Invests $34M in New Broadcasting Facility at One WTC

NEW YORK CITY-The Port Authority Board approved the agreement on April 26, which comes right before the 1,776-foot skyscraper is expected to surpass the Empire State Building in height on Monday.

By Jacqueline Hlavenka | Updated on April 27, 2012

NEW YORK CITY-The World Trade Center is about to hit great new heights once again. At its April 26 meeting, the Port Authority Board approved an agreement with joint venture partner the Durst Organization to allow a new broadcast facility to be built on top of One World Trade Center, a project that is expected to generate more than $10 million annually.

Durst, which holds a $100 million minority stake in the three-million-square-foot skyscraper, will invest approximately $34 million to create the new broadcast and antenna facility, which will be operated together with its existing facility at 4 Times Square in Midtown.

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.