Lower Manhattan's beleaguered World Trade Center redevelopment is inching slowly forward, with some major milestones expected in the next year or so.
The 1,776-ft-tall One World Trade Center—the tallest building in the Americas—is set to open this fall. It will be nearly 60% leased, says the Port Authority of New York & New Jersey, which is developing the project. In another development, Silverstein Properties Inc. announced it has pre-leased 500,000 sq ft in Three World Trade Center and is seeking financing to complete construction of the 80-story tower, which was capped at the eighth floor. Completion is set for 2018.