Showing posts with label Brookfield Properties. Show all posts
Showing posts with label Brookfield Properties. Show all posts

Friday, November 08, 2013

The WTC Connector

The World Trade Center connector between the PATH transit station and Brookfield Place (former WFC).
The steel supports for the head-house over the escalators leading to the connector from Brookfield Place
The connector looking towards PATH. Eventually, this area will be lined with shops and be incorporated into the larger Westfield mall under construction around the PATH transit hub and between and around the memorial/museum and skyscrapers on the site.

Tuesday, May 22, 2012

The Rebuilding of Ground Zero, Part 160

Westfield Properties envisions opening up its retail center in 2015 after signing new agreements with the Port Authority.
After years of negotiation, Westfield (WDC.AX) last week signed a deal with the Port Authority of New York and New Jersey for a $1.25 billion joint venture to lease the retail space at the World Trade Center.

Westfield, one of the world's biggest mall owners, said the first retailers for the redeveloped site could be announced by the first half of 2013, with an opening date set for March 2015.

Potential tenants of the rebuilt World Trade Center got a peak at what the new shopping area may look like during a trade conference in Las Vegas on Monday.

Westfield Co-Chief Executive Peter Lowy said 352,000 sq feet of shopping would be spread over three above-ground levels and two below ground.

Westfield is also entitled to operate another 90,000 sq feet of retail space among the 8.8 million sq feet of office space under construction.

Lowy said Westfield planned to be selective about possible tenants.

"We're going to do something that no one can imagine," Lowy told Reuters during the International Council of Shopping Centers annual convention, or RECon.
The mall would include space related to the PATH Transit Hub and the lower levels of 2, 3, and 4 WTC. One should note that before its destruction on 9/11, the WTC mall was one of the most profitable in the world on a per square footage basis, and there's no reason to think that the new retail center would not be successful.

In fact, neighboring Battery Park City's Brookfield Properties is renovating its Winter Garden and retail options to compete with the expected World Trade Center offerings.

Meanwhile, there's still a kerfuffle over where Fritz Koenig's The Sphere should be relocated. It has to be moved out of Battery Park City because of construction at the temporary location, and it should be relocated to the WTC Memorial, but the Memorial officials claim that there's no room for it. I find that preposterous considering that they could make room at any number of places on the site. It deserves to be relocated back at the site and it is a very visible reminder of the attacks as one of the enduring symbols to be recovered.

Wednesday, November 16, 2011

What Next For the OWS Movement?

After another state court judge issued a ruling allowing Brookfield Properties the right to control their own park and allowed New York City to clear Zuccotti Park of protesters and their belongings, including tents, sleeping bags, and other paraphernalia, the park reopened under the new more stringent rules.

No one will be able to bring sleeping bags or tents into the park, and security barriers and checks of belongings were being carried out. Protesters did reenter the park, but only about 50 stayed on overnight. Those who may attempt to sleep on benches or the planters in the park would be removed from the park as violating the rules, which are posted at the barriers. It was quiet for the first time in weeks, and the entire park property was accessible once entering through the barriers.

What exactly did the occupation of parks and open space in New York City and elsewhere actually accomplish? Where will the OWS movement go from here?

That's the question being asked all over the place among the media and pundit types, but perhaps more importantly, among the people who were directly involved in the protest squatting in several cities across the United States.

I'd say that they definitely got quite a bit of exposure on the protests for the sake of protesting, and raised awareness about income inequality, but people already knew that. Considering that at most a few hundred people were directly involved in the Zuccotti Park protests on a regular basis, but whose numbers swelled when various marches were conducted outside the confines of the park, there was outsized media attention on the protests. Location had quite a bit to do with the attention. After all, had these protests occurred in someplace like Union Square or Washington Square, no one would bat an eye since this kind of protest is a near-daily occurrence. The tent city visual didn't exactly help spread the message, and conservatives would characterize the protesters as hippies or other left-wingers who were on the fringe.

Certainly, there were fringe leftists and hippies at these protests, but there were also clearly middle class people who wanted to see changes in federal laws and regulations to reduce the influence of banking and restoring laws such as Glass-Steagal, which allowed banks to enter into transactions that were in part behind the market meltdown in 2007-2008. It's the latter group that needs to get its voice heard - these are the folks with real ideas and possible policy changes that can form the basis for reform. That doesn't mean it will be successful, but it's far more likely to be successful than trying to occupy a few parks and open areas in cities.

The protests gained the most attention when there were confrontations with police; whether it was rioting in places like Portland, or arrests for assaults among protesters in New York; or when they disrupted traffic by shutting down the Brooklyn Bridge. In fact, protesters are contemplating another shutdown of the Brooklyn Bridge, and marching on the NYSE at Wall Street tomorrow. Those optics and tactics don't endear themselves to other New Yorkers, many of whom rely on the Wall Street businesses for their jobs. Protesting outside a bank headquarters may gain attention, but it wont change the bank policy, let alone the federal regulations and laws that govern bank conduct. Those changes have to come from Congress and that means getting candidates elected who want to push through reforms to the banking and regulatory system.

The thing is that if the NYPD didn't crack down on the protests, they would have likely slowly disappeared as the cold of winter saw all but the hardiest types go on to other things. It was the earlier police actions that galvanized groups to join in support with the OWS movement and energized the crowds to grow and stick around, even during and after the freak October nor'easter.

The NYPD action to clear the protesters from the park may likewise cause the protesters to change tactics and focus more on policy than on occupation, although that may only come after one last attempt to disrupt the NYSE and Wall Street tomorrow. The sooner that OWS can focus on the policy, the better for the group. The country needs ideas on how to improve the moribund economy and reduce the chances that another market meltdown can occur, to say nothing of the growing income disparities and problems with funding health care and education. These are complex issues that can't be solved by occupying Zuccotti Park, but can be by engaging in the political process.

Thursday, October 13, 2011

Confrontation Looms At Zuccotti Park Over Need To Clean Park

Brookfield Properties, which owns the land on which Zuccotti Park is located, wants to get in and clean the property (power washing to eliminate grime and remove trash and other debris from more than three weeks from protests). Mayor Mike Bloomberg came by the park yesterday afternoon to promise that the cleanup would proceed and wouldn't involve a permanent removal of the protests. The mayor's office released a statement formally ordering the protesters to cooperate with the sanitation workers and that the work will proceed in stages.

That follows a letter submitted by Brookfield Properties to NYPD Commissioner Ray Kelly:

Brookfield's Letter to NYPD asking to "clear" Zuccotti Park of Occupy Wall Street protesters



OWS organizers aren't buying the claims and say that they will clean the park themselves
Their declaration reads:
On Wednesday/Thursday, all campers/supporters should reach out to friends/family/anyone to donate or purchase brooms, mops, squeegees, dust pans, garbage bags, power washers and any other cleaning supplies to be collected at sanitation. The sanitation committee should move full-speed ahead on purchase of bins allocated by consensus at GA.

After General Assembly on Thursday, we'll have a full-camp cleanup session. Sanitation can coordinate, and anyone who is available will help with the massive community effort! Then, Friday morning, we'll awake and position ourselves with our brooms and mops in a human chain around the park, linked at the arms. If NYPD attempts to enter, we'll peacefully/non-violently stand our ground and those who are willing will get arrested.

Afterwards, we'll march with brooms and mops to Wall Street to do a massive #wallstcleanup march, where the real mess is!
I doubt that Brookfield would go along with that, considering that they want to make sure that the park's electrical systems and other infrastructure is maintained. Brookfield has been more than gracious as allowing the protesters to occupy the space, but the protesters need to show their hosts some latitude as well.

On today's agenda for celebrities showing up at the park: Tom Morello of Rage Against the Machine.

UPDATE:
I just got back from a quick scouting of Zuccotti Park. Things were somewhat more subdued through most of the park, but Tom Morello of Rage Against the Machine had a good sized crowd (couple hundred from the looks of it) surrounding him near the sculpture at the corner of Liberty and Broadway. There was a group of percussionists at the other end of the park for a time and some of the protesters appeared to be making an effort to tidy things up with brooms. New signs of note were about how they were going to spend the day cleaning up around the park and tomorrow they'd clean up Wall Street.

A lot of the paper signs were under tarps with all the rain overnight and showers expected through to the weekend. It's certainly put a bit of a damper on things.

The Brookfield Properties cleanup hasn't started, but individual protesters were tidying up and moving tarps and sweeping up some areas of the park.