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7 World Trade Center
7 World Trade Center (7 WTC, WTC-7, or Tower 7) is an office building constructed as part of the new World Trade Center in Lower Manhattan, New York City. The tower is located on a city block bounded by Greenwich, Vesey, Washington, and Barclay Streets on the east, south, west, and north, respectively. 7 World Trade Center was developed by Larry Silverstein, who holds a ground lease for the site from the Port Authority of New York and New Jersey, and designed by Skidmore, Owings & Merrill.
The building was constructed to replace the original structure on the site, part of the original World Trade Center. The previous structure, completed in 1987, was destroyed in the September 11 attacks in 2001. Construction of the new 7 World Trade Center began in 2002 and was completed on May 23, 2006. The building is 52 stories tall (plus one underground floor), making it the 64th-tallest in New York. It is built on a smaller footprint than the original; a small park across Greenwich Street occupies space that was part of the original building's footprint.
The current building's design emphasizes safety, with a reinforced concrete core, wider stairways, and thicker fireproofing on steel columns. It also incorporates numerous green design features. The building received the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) Gold certification and was part of the council's pilot program for Leadership in Energy and Environmental Design – Core and Shell Development (LEED-CS).
The original 7 World Trade Center was a 47-story skyscraper with a red granite facade. It opened in 1987 as part of the original World Trade Center building complex. The September 11, 2001, terrorist attacks caused the collapse of the World Trade Center; falling debris from the collapsing 110-story Twin Towers destroyed or severely damaged nearby buildings, including 7 World Trade Center, which collapsed shortly thereafter.
The construction phase of the new 7 World Trade Center began on May 7, 2002, with the installation of a fence around the construction site. Restoring the Consolidated Edison substation was an urgent priority to meet power demands of Lower Manhattan; the utility stated that it needed to replace four of the ten destroyed transformers by 2003. Because 7 World Trade Center is separate from the main 16-acre (6.5 ha) World Trade Center site, Larry Silverstein required approval only from the landowner, the Port Authority, before he could rebuild the tower. Construction of the power substation was completed in October 2003, and the substation went into service in May 2004.
Work next proceeded on the office tower itself. An unusual approach was used in constructing the building; erecting the steel frame before adding the concrete core. This approach allowed the construction schedule to be shortened by a few months. By July 2005, American Express Financial Advisors was planning to lease 20,000 square feet (1,900 m2) of space, making it the building's first tenant. Although Silverstein intended for the building's design to attract tenants, he wanted occupants to pay $50/sq ft ($540/m2) to lease space by 2005, which New York magazine called "easily the highest price in lower Manhattan".
Construction was completed in 2006 at a cost of $700 million. Though Silverstein received $861 million from insurance on the old building, he owed more than $400 million on its mortgage. Costs to rebuild were covered by $475 million in Liberty Bonds, which provide tax-exempt financing to help stimulate rebuilding in Lower Manhattan and insurance money that remained after other expenses.
A 15,000 sq ft (1,400 m2) triangular park was created between the extended Greenwich Street and West Broadway by David Childs with Ken Smith and his colleague, Annie Weinmayr, of Ken Smith Landscape Architect. The park comprises an open central plaza with a fountain and flanking groves of sweetgum trees and boxwood shrubs. At the center of the fountain, sculptor Jeff Koons created a 9-foot-tall (2.7 m) stainless steel sculpture called Balloon Flower (Red).
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7 World Trade Center
7 World Trade Center (7 WTC, WTC-7, or Tower 7) is an office building constructed as part of the new World Trade Center in Lower Manhattan, New York City. The tower is located on a city block bounded by Greenwich, Vesey, Washington, and Barclay Streets on the east, south, west, and north, respectively. 7 World Trade Center was developed by Larry Silverstein, who holds a ground lease for the site from the Port Authority of New York and New Jersey, and designed by Skidmore, Owings & Merrill.
The building was constructed to replace the original structure on the site, part of the original World Trade Center. The previous structure, completed in 1987, was destroyed in the September 11 attacks in 2001. Construction of the new 7 World Trade Center began in 2002 and was completed on May 23, 2006. The building is 52 stories tall (plus one underground floor), making it the 64th-tallest in New York. It is built on a smaller footprint than the original; a small park across Greenwich Street occupies space that was part of the original building's footprint.
The current building's design emphasizes safety, with a reinforced concrete core, wider stairways, and thicker fireproofing on steel columns. It also incorporates numerous green design features. The building received the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) Gold certification and was part of the council's pilot program for Leadership in Energy and Environmental Design – Core and Shell Development (LEED-CS).
The original 7 World Trade Center was a 47-story skyscraper with a red granite facade. It opened in 1987 as part of the original World Trade Center building complex. The September 11, 2001, terrorist attacks caused the collapse of the World Trade Center; falling debris from the collapsing 110-story Twin Towers destroyed or severely damaged nearby buildings, including 7 World Trade Center, which collapsed shortly thereafter.
The construction phase of the new 7 World Trade Center began on May 7, 2002, with the installation of a fence around the construction site. Restoring the Consolidated Edison substation was an urgent priority to meet power demands of Lower Manhattan; the utility stated that it needed to replace four of the ten destroyed transformers by 2003. Because 7 World Trade Center is separate from the main 16-acre (6.5 ha) World Trade Center site, Larry Silverstein required approval only from the landowner, the Port Authority, before he could rebuild the tower. Construction of the power substation was completed in October 2003, and the substation went into service in May 2004.
Work next proceeded on the office tower itself. An unusual approach was used in constructing the building; erecting the steel frame before adding the concrete core. This approach allowed the construction schedule to be shortened by a few months. By July 2005, American Express Financial Advisors was planning to lease 20,000 square feet (1,900 m2) of space, making it the building's first tenant. Although Silverstein intended for the building's design to attract tenants, he wanted occupants to pay $50/sq ft ($540/m2) to lease space by 2005, which New York magazine called "easily the highest price in lower Manhattan".
Construction was completed in 2006 at a cost of $700 million. Though Silverstein received $861 million from insurance on the old building, he owed more than $400 million on its mortgage. Costs to rebuild were covered by $475 million in Liberty Bonds, which provide tax-exempt financing to help stimulate rebuilding in Lower Manhattan and insurance money that remained after other expenses.
A 15,000 sq ft (1,400 m2) triangular park was created between the extended Greenwich Street and West Broadway by David Childs with Ken Smith and his colleague, Annie Weinmayr, of Ken Smith Landscape Architect. The park comprises an open central plaza with a fountain and flanking groves of sweetgum trees and boxwood shrubs. At the center of the fountain, sculptor Jeff Koons created a 9-foot-tall (2.7 m) stainless steel sculpture called Balloon Flower (Red).