Brookfield’s Friedrich: WFC Will Become ‘Town Center’ For Downtown

NEW YORK CITY-With more than 60,000 people now living and working in Lower Manhattan, the role of Battery Park City’s largest structure – the World Financial Center – is evolving to meet the needs of the diversifying Downtown market. During the “Battery Park City: Coming of Age” conference hosted by the Steven L. Newman Real Estate Institute at Baruch College on Thursday afternoon, building owners, managers, architects and designers—including WFC landlord Brookfield Office Properties—discussed how private development has helped transform the community post-9/11. 

“We see a number of very important, compelling reasons that today is a good time to plan for the future,” said Dennis Friedrich, president and global chief investment officer at Brookfield, who discussed the company’s $250 million retail redevelopment plan for the eight million-square-foot, four-building site.