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Trade Center Concourse Cost $225 M. – Commercial Observer

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Trade Center Concourse Cost $225 M.

By Al Barbarino November 7, 2013 3:47 pm
reprints

The price tag apparently matches the grandeur of the new underground concourse that passes underneath the World Trade Center site, which opened to pedestrians for the first time since 9/11 two weeks ago.

SEE ALSO: Silverstein, Brookfield Consider Joint Bid to Develop 5 WTC (Photo: Fox News)

The Port Authority of New York & New Jersey passageway told Next City that the passageway cost approximately $225 million.

The 600-foot underground concourse, within the 800,000-square-foot transportation hub, which, according to previous reports, features 40,000 square feet of Italian marble, will house stores and restaurants on two levels, and the Port Authority of New York & New Jersey is partnering with Westfield Group to develop its more than 350,000 square feet of retail.

The concourse, designed by architect Santiago Calatrava, is the first piece of the nearly $4 billion redevelopment of the World Trade transportation hub and will ultimately be lined with retailers rumored to rival those seen at Brookfield Place.

4 World Trade Center is scheduled to open next month, and One World Trade Center will follow in early 2014.

A temporary bridge and street level crossing took the place of a bridge over West Street that was destroyed on 9/11.

The Port Authority did not immediately return calls seeking confirmation of the report.

1 World Trade Center, Brookfield Place, Port Authority of New York & New Jersey, Santiago Calatrava, Westfield Group, World Trade Center
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