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Leasing submission report for 7 World Trade Center, Oct 1997

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A six-page report detailing leasing negotiations and building sale updates for the Mayor's Office of Emergency Management at 7 World Trade Center.

NYC-WTC_000171020–000171025

Folder label: “Bi-weekly/Monthly submission®Leasing 10/1/97

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NYC 9/11 Public Portal Document

Leasing 7/10/97

141 Livingston Street - Lease renewal for Courts

DCAS met with the landlord to resolve open issues on June 20* to resolve the open issues which remain. Since then our attorney has also had several conference calls with the landlord’s attorney Progress has made but several issues remain. We will resolve these issues by the end of the month for a final draft of the lease to be generated in early August. Our current projection is for submission to a September Real Property Public Hearing for approval of the new lease.

OEM-TWorldTrt^eCenter

In late June, the Office of Emergency Management requested that DCAS find leased space for its offices and its command center. It was agreed that 7 World Trade Center was the only building that suited OEM’s technical requirements and that was close to City Hall. The property is built on Port Authority land but is owned by Silverstein Properties. We have come to an agreement with the landlord on the basic business terms of the lease and will present those terms to the Acquisitions Review Committee meeting on July 15*. We project having the lease completed by mid-August, presented to a public hearing for approval in September and the office space completed in December. Due to the technical requirements of the command center, its completion will be several months thereafter.

OEM at 7 World Trade Center

In late June, the Office of Emergency Management requested that DC AS find leased space for its offices and its command center. It was agreed that 7 World Trade Center was the only building that both suited OEM’s technical requirements and was located close to City Hall. The building is built on Port Authority land under long term lease to Silverstein Properties. We have come to an agreement with the landlord on the basic business terms of the lease, which were presented to the Acquisitions Review Committee meeting on July 15* and approved. We are developing a timeline for completion of the space with the landlord. Due to the technical requirements of the command center, its completion may not occur until mid-1998. We will keep you informed of our progress.

NYC-WTC_000171025

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NYC-WTC_000171025Source: NYC Law Department, mirrored locally

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