Well, its certainly easier for
us to say it should be built on spec. I think they would be rewarded if they did. But office towers, especially of this size, aren’t built on spec. At least not in New York.
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Silverstein’s confidence is based on success at the rest of the 16-acre WTC. The developer’s 3 WTC and 4 WTC are 90 percent and 100 percent leased, respectively. The Durst Organization and the Port Authority’s 1 WTC is also nearly full.
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This is everything you need to know about why this tower remains a viability, and why Silverstein Properties remains confident in its success.