3 World Trade Center

Marla Diamond/WCBS 880

3 World Trade Center Opens For Business After Years Of Delays

June 11, 2018 - 8:10 am

NEW YORK (WCBS 880) -- Another chapter begins in the long rebuilding of the site where the twin towers once stood with the reopening of 3 World Trade Center.

The red carpet has been rolled out at the entrance to the 80-story building, the fourth of five skyscrapers at the 16-acre site. 

The building, which has been a decade in the making, is the fifth-tallest building in New York City. It rises 1,079 feet above Greenwich Street with a total square footage of 2.5 million.

Developer Larry Silverstein's plan was derailed by the 2008 Wall Street crash and it wasn't until 2012 that work began in earnest on the building.

Thirty-eight percent of the skyscraper has been leased by advertising firm GroupM, financial company IEX and consutling group McKinsey & Co.

The grand opening represents a major step forward and a milestone for the 87-year-old Silverstein who fought the Port Authority of New York and New Jersey in court for the rights to build high.

The Port Authority sought to reduce the building into a 3-story stump.

"Considering all of the issues we dealt with together over 17 years it's been a shared mission," Silverstein said.

The transformation of the site is nearly complete. Two World Trade would complete Silverstein's vision.

In a joking way, he urged the Port Authority to speed up the process.