Date:  Aug 07, 2012

Press Release Number:  113


THE PORT AUTHORITY AND DURST ORGANIZATION ISSUE UPDATED RENDERINGS OF ONE WORLD TRADE CENTER

The Port Authority and The Durst Organization today issued 13 new renderings of One World Trade Center. The two organizations are jointly developing the iconic, 3-million-square-foot office tower now under construction in Lower Manhattan. The renderings, incorporating recent design modifications, are available for download.

Upon its scheduled completion in early 2014, One World Trade Center will rise 1,776 feet to the top of its spire, making it the tallest building in the Western Hemisphere.

The building will serve as the headquarters of world-class publisher Condé Nast, which has leased nearly 1.2 million square feet on 25 floors. An additional 190,000 square feet has been leased by Vantone China Center and another 270,000 square feet by the federal General Services Administration—bringing One World Trade Center to 55 percent leased.

One World Trade Center aims to be one of the most sustainable office buildings of its size and to achieve LEED Gold certification standards. These standards will result in lower energy expenses, lower operating expenses, access to natural light through floor-to-ceiling glass windows and highly filtered air.

CONTACT:
Steve Coleman, Port Authority, 212-435-7777
Jordan Barowitz, The Durst Organization, 212-257-6605


The Port Authority of New York and New Jersey

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where construction crews are building the iconic One World Trade Center, which is now the tallest skyscraper in New York. The Port Authority receives no tax revenue from either the state of New York or New Jersey or from the City of New York. The agency relies on revenues generated by facility users, tolls, fees and rents as well as loans, bond financing, and federal grants to fund its operations. For more information, please visit http://www.panynj.gov.

The Durst Organization

The Durst Organization, founded in 1915 by Joseph Durst, is the owner, manager and builder of 13 million square feet of premiere Manhattan office towers. Durst Fetner Residential has built, owns and manages more than 1,700 residential rental units with 1,200 more in the development pipeline. The Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential property.