The New York Real Estate Journal provides the latest commercial real estate news for the entire state of New York. Read profiles of the most influential companies and people involved in the NY commercial real estate market.
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facebook.com/nyrej twitter.com/nyrej nyrej.com Quick Read residential tower in Manhattan Extell Development tops out ONE57: A 92-unit, 1,004 ft. Section B New York Real Estate Journal July 17 - 30, 2012 DESIGNED BY JAPANESE ARCHITECT MAKI; 977 FT. SKYSCRAPER BUILT BY TISHMAN CONST. WTC developer Silverstein of Silverstein Props. celebrates topping out of 4 WTC The development was designed by Christian de Portzamparc and the main contractor is Lend Lease Construction. The interiors were topping out ceremony at ONE57. Extell Development held a designed by Thomas Juul-Hansen. SEE PAGE 4B $4m renovation for 33,000 s/f center Bay Ridge Ford breaks ground on MANHATTAN, NY Silverstein Properties president and CEO Larry Silverstein was joined by 1,000 construction workers and other New York govern- ment, civic and business lead- ers at a topping out ceremony marking the completion of steel erection Larry Silverstein for the new 4 World Trade Center – the first office tower that will be completed and opened on the original 16-acre World Trade Center site. The final steel beam, which weighed 8 tons and was adorned with an American flag, was signed by Sil- verstein and other dignitaries. It was then raised 977 ft. in the air and placed at the top the 72-story tower. "The topping out of 4 World Trade Brooklyn Army Terminal. The ser- vice center will be housed in the former Federal Laundry Building in Sunset Park. SEE PAGE 8B The Ford service center will be located at 140 58th St. in the 32 Pages Safety & Security .................... 9-20 Professional Profiles..................21 PWC...............................................24 AIA .................................................25 ACEC..............................................26 BOMA............................................29 Digital Edition nyrej.com Printed on recycled paper Center represents another milestone in the effort to create a new, dynamic World Trade Center at the heart of a re- surgent Downtown," said Silverstein. "This neighborhood has undergone a remarkable transformation into a one-of-a-kind model of sustainable urban development. Over the past decade, the number of people living Downtown has doubled. We have the best mass transit network, new parks and schools, and the densest concentration of green buildings of anywhere in the world. That is why lower Manhattan is fast becoming the location of choice for all kinds of creative companies, as well as the financial powerhouses of Wall St." "The World Trade Center site is at the heart of Lower Manhattan's rebirth," said mayor Michael Bloom- berg. "As 4 World Trade Center takes its place in the New York City skyline, we're creating a neighborhood that is stronger than ever. Congratulations to all who have taken on the challenge of rebuilding and worked so hard on this important project." NYS assembly speaker Sheldon Silver said, "To think that such a beautiful structure now stands where there had once been such shocking ugliness and terrible pain is, on the one hand, breathtaking and inspiring, and on the other, so perfectly symbolic of Topping out ceremony of 4 World Trade Center, Manhattan New York's 'can do/never surrender' spirit. I congratulate Larry Silverstein and Dan Tishman on this outstanding achievement." Designed by Pritzker Prize winning Japanese architect Fumihiko Maki, 4 World Trade Center is located at 150 Greenwich St. and bounded by Greenwich, Church, Cortlandt and Liberty Sts. The tower was designed to have an abstract quality – minimal, light, cool in color, and ephemeral, changing with the light of day. Seen from a distance, the building presents a unique angular profile at the crown, in keeping with the spiral composition formed by the group of four towers and looking back to the Memorial and One World Trade Center. QUEENS, NY Rockrose Development has topped out Linc LIC, its new residential rental complex in the Court Sq. area of Long Island City. The 42-story tower with 709 rental apartments will be completed and ready for occupancy in spring 2013. It is one of the tallest residential build- ings in the borough. Two additional Rockrose parcels across the street will be developed sequentially, providing another 1,100 units. Total development costs are estimated to exceed $750 million. Justin Elghanayan, president of Rockrose, said, "I want to thank everyone who helped to achieve this milestone on time, on budget, and most of all, with the highest standards of safety and professionalism." Shown (from left) are Rockrose's reception at Linc LIC are: Richard Brancato, Rockrose; Ben Stacks, Capital One; Nora Smith, Judd Emin, Justin Elghanayan, H. Henry Elghanayan, Rockrose; Steve Kenny, Bank of America; William Iwasiw, Wells Fargo; James Mirman, Helaba Bank; and Greg Egli, Bank of America. Linc LIC was designed by Avinash K. Malhorta Architects, with interi- ors by Moed de Armas & Shannon. The landscape architect is Mathews Nielson. •for full story visit nyrej.com• The fourth tallest skyscraper on the World Trade Center site, 4 WTC will include 72 floors that total 2.3 million s/f. It has been designed to meet a LEED Gold level of sustainable design – like 7 World Trade Center and the other office buildings at the WTC site. A quarter of the office space is slated to become the new headquarters of the Port Authority of N.Y. & N.J. Another 600,000 s/f will be occupied by the City of New York. The remainder of the office space will be retained by Silverstein Properties for commercial tenants. "Everyone at Tishman is delighted to have helped bring 4 WTC to this great day as another symbol of the progress of the rebuilding – and 4 World Trade Center, Manhattan also of the determination and vision of Larry Silverstein and his team," said Daniel Tishman, chairman and CEO of Tishman Construction, an AECOM company, which also built 7 World Trade Center and is building 3 WTC for Silverstein Properties. "Our role at the World Trade Center site is something we are all extremely proud of. I want to thank all of the architects, engineers, safety manag- ers, subcontractors and, most of all, the thousands of trade workers who are making it possible for this project to become a reality." •for full story visit nyrej.com• Rockrose tops out Linc LIC - A $750m Queens residential complex Owners, Developers & Managers / Design-Build Photo Credit: Joe Woolhead Photo Credit: Ed Lederman Photo Credit: Joe Woolhead