Silverstein Properties' redevelopment of the World Trade Center site has been by and large a success story. Yes, the Lower Manhattan office market is struggling in the wake of the pandemic, but in the past two decades the developer has still managed to transform a desolate location of almost unfathomable heartbreak into a campus of well-regarded skyscrapers hosting many blue-chip tenants.The glaring missing piece in this is 2 World Trade Center, the final office tower in the complex that Silverstein Properties has yet to begin construction on after multiple false starts. The developer will not begin work on the project until it secures an anchor tenant, and although it has gotten close to doing so several times, it has yet to close a deal.Sources familiar with the site pointed to multiple reasons why erecting this particular tower has been such a challenge, including the current state of the city's office market, the relative lack of subsidies for its construction and the massive size of the project. Company Chairman Larry Silverstein also detailed a few of the setbacks in his recent book on the topic. The sheer amount of hurdles can sometimes make the project seem cursed, but Lynne Sagalyn, a Columbia Business School professor and author of the book Power at Ground Zero, said it has merely been the victim of a tough market."I don't think it's a jinxed site," she said. "Silverstein as a company is well established and knows how to run these kinds of buildings, knows how... Continue reading at 'Crains New York'
[ Crains New York | 2024-10-17 09:48:11 UTC ]
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Ever since Hearst Corp. sold William Morrow to News Corp. in 1999, its book publishing activities have focused on partnering with different houses to publish books based on content from its magazines. Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-12-10 00:00:00 UTC ]
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Strong differences have emerged within the trade over the effectiveness of Digital... Continue reading at The Bookseller
[ The Bookseller | 2012-12-07 00:00:00 UTC ]
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The Cairo leg of the Edinburgh World Writers Conference has been cancelled due to the violent... Continue reading at The Bookseller
[ The Bookseller | 2012-12-06 00:00:00 UTC ]
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Publishers Weekly faces controversy after naming 'Fifty Shades of Grey' author E L James 'Publishing Person of the Year' for 2012. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-12-04 00:00:00 UTC ]
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Installed at the Monkey’s Paw bookstore in Toronto, the Biblio-Mat offers book lovers a little randomness for their next read. A Toronto bookstore has come up with a creative way to add value to old, discount books that otherwise may clutter its storage: an antique-seeming “book dispenser”... Continue reading at Fast Company
[ Fast Company | 2012-12-04 00:00:00 UTC ]
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Plympton—a startup publisher of serialized digital fiction—was created as 'a nimble alternative to the major publishers and online markets,' as the founders explain. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2012-12-03 00:00:00 UTC ]
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Former colleagues have paid tribute to Dorling Kindersley stalwart Christopher Davis, who has... Continue reading at The Bookseller
[ The Bookseller | 2012-12-03 00:00:00 UTC ]
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Founded by a writer and mother, Take Your Child to a Bookstore Day is set for Dec. 1 this year. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-11-27 00:00:00 UTC ]
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CHARLOTTE, N.C., Nov. 16, 2012 (GLOBE NEWSWIRE) -- American City Business Journals, the nation's largest print and online publisher of local business news, has acquired Streetwise Media, a Boston-based digital media company that uses a community ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-11-16 00:00:00 UTC ]
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After reading celebration World Book Night debuted in America for the first time last year, it will be held again this April. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-11-15 00:00:00 UTC ]
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In what could presage a foundational shift in the online advertising landscape, Federated Media Publishing will shut down its direct sales business, i.e. the division charged with selling standard display ads. On Thursday afternoon (Nov. 8) the company began informing employees that it would... Continue reading at AdWeek
[ AdWeek | 2012-11-09 00:00:00 UTC ]
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The rise of easy-to-use ebook publishing platforms that distribute globally, the inherent speed of digital publishing, and the low cost and ever-rising demand for ebooks in both the developing world, as well as from developed but remote economies like Australia, offer the potential of vibrant... Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-11-09 00:00:00 UTC ]
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More Info Hands-on with Kobo's Glo and Mini e-readers (video) Kobo Glo review: another illuminated e-reader lights up the market Amazon Kindle Paperwhite review While tablet and smartphone manufacturers battled it out over screen sizes, e-reader makers seem to have settled on an... Continue reading at Engadget
[ Engadget | 2012-11-06 00:00:00 UTC ]
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Gannett Publishing Services has entered an agreement with The World Co. to produce print and digital ads for the family-owned Kansas media company through the Gannett Imaging and Ad Design Center, the company announced this week. The Des Moines, Iow ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-11-06 00:00:00 UTC ]
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HarperCollins and R.R. Donnelley have signed a new agreement that will create one centralized warehouse that will serve as the distribution site for all HC U.S. titles, including those published by its Christian publishing division that houses Zondervan and Thomas Nelson. Harper said it expects... Continue reading at Publishers Weekly
[ Publishers Weekly | 2012-11-05 00:00:00 UTC ]
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The United Arab Emirates is punching above its weight in terms of the development of its book... Continue reading at The Bookseller
[ The Bookseller | 2012-11-05 00:00:00 UTC ]
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The Rosalind Prize for Fiction – named for Shakespeare's 'As You Like It' heroine – follows awards like Australia's women-only Stella Prize and the U.K.'s Orange Prize. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-11-03 00:00:00 UTC ]
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Penguin Press title Private Empire: ExxonMobil and American Power has won the Financial... Continue reading at The Bookseller
[ The Bookseller | 2012-11-02 00:00:00 UTC ]
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Universal shock at the news on Monday (29th October) of a merger between Penguin and Random House... Continue reading at The Bookseller
[ The Bookseller | 2012-11-02 00:00:00 UTC ]
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Pearson, the owner of Penguin, and Bertelsmann, Random House's parent company, are currently in discussions to merge the two companies. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2012-10-26 00:00:00 UTC ]
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