Follow this tag to curate your own personalized Activity Stream and email alerts.
Silverstein Properties has just completed its overhaul of the Pei Cobb Freed & Partners-designed U.S. Bank Tower in Downtown Los Angeles. The two-year, $60 million project issued major upgrades across 35,000 square feet of the building while installing a new entrance lobby and... View full entry
A revised version of one of the world’s most high-profile architectural projects by Foster + Partners is now being circulated online as new renderings have surfaced that depict the firm’s upgraded Two World Trade Center design. The London-based firm was added back onto the... View full entry
Silverstein Properties closed on its $430 million deal to buy US Bank Tower, an iconic Downtown Los Angeles property whose purchase price was far below initial expectations. [...]
In a statement, chairman Larry Silverstein said: “I believe in the future of Downtown Los Angeles.”
— The Real Deal
The 73-story US Bank Tower, designed by Henry N. Cobb of Pei Cobb Freed & Partners, was once the tallest building west of the Mississippi River until the recently completed Wilshire Grand Center in Los Angeles and later the Salesforce Tower in San Francisco took over that title. The 36-foot-long... View full entry
Back in 2015, Foster + Partners' design was shelved for a more favorable by the Bjarke Ingels Group (BIG). At the time, it looked like News Corporation and 21st Century Fox were slated to lease the building but backed out a year later. "Now that BIG’s quirky tower of stacked boxes has no takers... View full entry
Rupert Murdoch has dropped his plans to relocate 21st Century Fox and News Corp. to 2 World Trade Center.
In a statement issued Friday afternoon, World Trade Center developer Larry Silverstein declared himself “disappointed” by the news. [...]
In June, the two media companies signed a letter of intent with Silverstein to occupy 1.5 million square feet for 30 years at a 2 World Trade Center designed by architect Bjarke Ingels.
— capitalnewyork.com
2 WTC previously in the Archinect news:2 World Trade Center receives $9M rent assistance from Port Authority to expedite projectBjarke Ingels and the challenges of designing Two World Trade Center2 World Trade Center Could Be the Most Expensive Office Tower in the World View full entry
The Port Authority of New York and New Jersey approved subsidies to help expedite the construction of lower Manhattan’s 2 World Trade Center [...].
Developer Silverstein Properties Inc., which leases the sites for 2 World Trade Center and two other towers from the Port Authority, would receive a rent break that amounts to $9 million over the life of the lease [...].
The agency had previously maintained that 2 World Trade would be built entirely without public assistance.
— bloomberg.com
Previously in the Archinect news: Bjarke Ingels and the challenges of designing Two World Trade Center2 World Trade Center Could Be the Most Expensive Office Tower in the WorldPort Authority reveals plan to sell World Trade Center site View full entry
Construction of the Bjarke Ingels-designed 2 World Trade Center will come with a $4 billion price tag. The 2.8 million-square-foot downtown tower will top out at 1,340 feet, just 28 feet shy of One World Trade Center, which currently holds the title of the world’s most expensive office building with construction costs coming in at $3.8 billion. — 6sqft
Larry Silverstein, developer of 2 World Trade Center, is looking for $500 million in financing to fund the $4 billion tower’s completion. If all goes according to plan, a lease could be signed by the end of the year and construction could start next year with a 2020 completion date. View full entry
