Government to lease 14 floors at WTC site

Developer Larry Silverstein of New York in 2006 offer to lease a third office tower built on the site of the World Trade Center.

Silverstein said the city last month that he was exercising his chances of making the city government will have 14 floors of offices at an annual rate is $ 56.50 per square foot, a spokesman Bud Perrone said Friday. Even if a developer wants to place about 10 percent more near World Trade Center 7, the decision to grant the tenants two thirds of the building, because the Port Authority of New York and New Jersey has already decided to move in.

"The commitment of the City to be held in 2006 was one of the most important steps that have allowed the development to proceed," said Andrew Brent, a spokesman for Mayor Michael Bloomberg. The agreement was part an effort to stimulate the construction of stands on the site.

"With the renovation now in full swing, the plan clearly worked," said Perrone.

The tower is expected by the end of 2013, but the city does not expect to go to the next year. Although the original lease will be about 15 years, may be extended for another 20. Silverstein had a duty to the city for at least 32 months notice before he wanted to move into his decision to use the option was reported by the New York Post.

The construction site has been repeatedly taken into disagreement and difficult real estate climate. Although plans originally called for Silverstein to build three office towers of the site, is now only building that is the end of the tower. The second tower may go forward only after it has secured some of the tenants and the third tower has been postponed until further notice.

The second building, a 1,776-foot 1 World Trade Center known as the Freedom Tower - is set for completion in 2013.

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