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I think there is a major bias against the towers from the finance/insurance industries in NYC. Too many of their colleagues and friends were killed or impacted

by lmg643 12y ago

I think there is a major bias against the towers from the finance/insurance industries in NYC. Too many of their colleagues and friends were killed or impacted the last time around, like working in a graveyard. Here is a harrowing story from someone who was working there that day: http://www.wernerf.com/article/kamran.html http://www.wernerf.com/article/kamran.html It is plausible that tech firms would fill in the gap as they don't have the same associations, the buildings are brand new and they can build out or subdivide as they see fit. Without huge demand for the space, I'm sure the tech firms are getting awesome deals, well south of the 50-60 per sqft quoted here when all incentives are factored in. I'd even guess this is an example of Paul Graham's "The Submarine" in action - PR people trying to hype up demand for the building.

kator 12y ago
Also a lot of financial firms have way downsized since 2008 for obvious reasons.
krschultz 12y ago
In addition to that, the firms have all moved away and figured out a solution for their office space in the past 14 years. It's not like the financial firms were waiting in hotels all that time for them to build a new tower. The demand will have to come from companies looking for new office spaces, so generally growing or shrinking companies.
- epc 12y ago
  This…many of the major firms either moved to midtown, or to Jersey City.
deleted 12y ago
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jgalt212 12y ago
I hear that. I worked across the street from the Towers on 9/11, and there's no way I'd got and work in those new buildings. Too many bad memories, and I think the terrorists still have those buildings in their sights.
skwirl 12y ago
The new towers aren't where the old towers were, so I don't buy the "graveyard" argument. But I would not feel comfortable working there mostly because the old WTC was targeted for attack multiple times, and the new one almost surely will be as well.

by lmg643 12y ago

kator 12y ago

Also a lot of financial firms have way downsized since 2008 for obvious reasons.

krschultz 12y ago

In addition to that, the firms have all moved away and figured out a solution for their office space in the past 14 years. It's not like the financial firms were waiting in hotels all that time for them to build a new tower. The demand will have to come from companies looking for new office spaces, so generally growing or shrinking companies.

epc 12y ago
This…many of the major firms either moved to midtown, or to Jersey City.

deleted 12y ago

[deleted]

jgalt212 12y ago

I hear that. I worked across the street from the Towers on 9/11, and there's no way I'd got and work in those new buildings. Too many bad memories, and I think the terrorists still have those buildings in their sights.

skwirl 12y ago

The new towers aren't where the old towers were, so I don't buy the "graveyard" argument. But I would not feel comfortable working there mostly because the old WTC was targeted for attack multiple times, and the new one almost surely will be as well.