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A blog from CityRealty (Links below will take you to the 6sqft site)

Carter's View

Gov. David Paterson signed an executive order on Friday transferring about $285 million of the unspent tax-exempt federal stimulus bonds from city and county governments back to New York State, to prevent them from expiring and going to waste, according to an article today by Julie Shapiro at and the Empire State Development Corp. said that "all the unspent bonds will go toward [Larry Silverstein's Tower 3, a 71-story skyscraper that will cost over $2 billion" and is scheduled to open at Ground Zero in 2015.

The article said that the governor said in a statement that "During this time of economic uncertainty, it is vital that we take advantage of the Recovery Zone Facility Bond program to help create jobs, foster economic development and develop critical infrastructure."

"The state received a total of $555 million in Recovery Zone Facility Bonds and divvied them up among dozens of cities and counties for private development projects," the article said, "but over half of the bonds were never used, as some local governments said they could not find any projects to do and others scrambled to issue them before they expired. New York City used just $65.5 million of the $121 million it received in stimulus bonds, and it appears that the rest will go back to the state for Tower 3."

Tower 3 is the middle skyscraper of the three that are planned to line up on the eastern edge of Ground Zero. It has been designed by Richard Rogers.

3 World Trade Center at 175 Greenwich Street will be the third-tallest building on the World Trade Center (WTC) site. Designed by Richard Rogers of Rogers Stirk Harbour + Partners, the tower will be situated at the center of the various buildings around the memorial.

The 71-story tower will rise 1,140 ft feet above street level and include 2.1 million square feet of office space spread across 54 floors and five trading floors. The footprint of a typical floor will be approximately 200 feet by 198 feet. At ground floor level, the footprint of the building will be 50,000 square feet. At trading floor level - the widest level - this will increase to 65,300 rentable square feet.

175 Greenwich Street will have five retail levels - one on the ground floor, two below-grade levels, and two levels above the ground floor.

The tower will consist of a central concrete core - steel encased in reinforced concrete -- and be clad in an external structural steel frame. Safety systems are planned to exceed New York City building code and Port Authority of New York and New Jersey requirements. Designed to the highest energy efficiency ratings, 3 World Trade Center will seek to achieve the gold standard under the Leadership in Energy and Environmental Design (LEED) by the U.S. Green Building Council.

Designed by Rogers Stirk Harbour + Partners, 175 Greenwich Street will sit at the center of the various buildings around the WTC Memorial site, across Greenwich Street from the main axis formed by the memorial's two reflecting pools.

The design employs a structural load-sharing system of diamond-shaped bracing, which helps to articulate the building's east-west configuration. All corners of the tower are column free to ensure that occupiers of the office levels have unimpeded 360-degree panoramic views of New York.

Over some three decades, Rogers Stirk Harbour + Partners (RSHP), formerly Richard Rogers Partnership, has won dozens of international awards including the Stirling Prize 2006 for Terminal 4, Madrid Barajas Airport. Lord Rogers is best known for such pioneering buildings as the Centre Pompidou in Paris with Renzo Piano, the headquarters for Lloyd's of London, the European Court of Human Rights in Strasbourg, and the Millennium Dome in London.
Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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