Boston 2010 Real Estate News

Boston Property News

Tuesday, January 5, 2010

Authority Seeks Bids for Partner on Tower

The central tower at ground zero, designed to rise to 105 stories, has been characterized by some as a symbol of New York’s resilience, and reviled by others as a white elephant. Now it will pick up a new label: for sale.

The Port Authority of New York and New Jersey wants to sell the skyscraper, the former Freedom Tower, known now by its original name, 1 World Trade Center.

In recent days, the Port Authority has asked a select group of commercial real estate developers and owners to bid for a partnership interest in the $3.2 billion tower, according to a developer who was contacted by the authority.