AmEx at the World Trade Center
Commercial Observer
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American Express could end up anchoring the long-planned 2 World Trade Center in Lower Manhattan. A decision to do so would likely spur construction. Also for this Friday: Florida’s groundbreaking Live Local Act continues to spur … well … groundbreakings for new housing.
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— Tom Acitelli, Deputy Editor
American Express Could Anchor Silverstein’s 2 World Trade Center
Silverstein Properties and American Express are reportedly in negotiations to finally build the 2 World Trade Center tower, with the financial services firm anchoring the property. Larry Silverstein, who has long pursued financing to build the 78-story skyscraper, is in an “exclusive negotiation period” with AmEx, and it could decide whether to move forward with the development as soon as this month, according to The Real Deal, which first reported the news. Silverstein declined to comment, while AmEx did not immediately respond to a request for comment. AmEx, which faces no deadline in the decision, is currently “weighing the expense of a brand-new, state-of-the-art office building,” sources familiar with the discussions told TRD.
Developer Proposes Workforce Housing Near Seminole Hard Rock in South Florida
Florida’s Live Local Act continues to spur housing development projects, including a proposal for nearly 200 units up the street from the Seminole Hard Rock Hotel & Casino. The municipal Technical Advisory Committee in Hollywood, Fla., this week considered a preliminary site plan review for the property at 5200 South State Road 7. The proposal includes a 14-story residential building, 6,000 square feet of commercial space and 277 parking spaces. The property’s owner is named Guitar View, a nod to the iconic guitar-shaped building at the Seminole Hard Rock Hotel & Casino. Principals of the entity are Nicolas Mendizabal and Eloy Garcia, according to corporate records.
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