In a video filmed from Weehawken, New Jersey, a powerful bolt of lightning can be seen materializing down from the sky. It bathes New York City in light as it hits the tower.
Watch the video here:
One World Trade Center Is the Most Expensive Skyscraper in U.S. History
At $3.8 billion, One World Trade Center is the most expensive skyscraper built in the U.S. to date, the Wall Street Journal reports.
More than 90% of the building’s 3.1 million square feet is already leased. But the broader World Trade Center complex hasn’t turned a profit since One World Trade Center opened its doors seven years ago.
The Port Authority of New York and New Jersey owns the building. According to its most recent annual report, last year, the building’s expenses ran to $135 million while its revenues came to over $197 million. But for the overall World Trade Center complex, expenses were $335 million and revenues only $328 million.
For years, leasing at One World Trade Center had dragged. That was partly because potential tenants were reluctant to move into the site of a terrorist attack. Douglas Durst, a private developer recruited by the Port Authority in 2010 to try to bring in tenants, told the Journal that larger tenants shied away from One World Trade Center at first.
“When we had negotiations with larger tenants, there was always one person involved who said they’re uncomfortable being on the site,” Durst said. “So we ended up leasing to smaller tenants, where the CEO was able to tell people: ‘If you don’t want to come here, you don’t have to.’”
By now, 20 years after the event, One World Trade Center has begun to move beyond its traumatic history. That was aided in part by younger workers who lack gripping memories of that day.
Eventually, the site also netted some government subsidies. Those made it cheaper for tenants to lease there compared to similar office space in Manhattan.
Complex Includes Diverse Array of Buildings
At the 16-acre former site of the Twin Towers and the five buildings that surrounded it, a Sept. 11 memorial and museum now stands alongside One World Trade Center. So does a mall and two other office buildings, plus a brand-new transportation hub.
Still under construction are a performing arts center and a Greek Orthodox church. They are supposed to open their doors in 2023. Planned are two additional office buildings and a residential tower, but construction has yet to begin on those.
A spokesman for the Port Authority told the Journal that One World Trade Center was “critical to the recovery of Lower Manhattan following Sept. 11.”