|
 |
Special Report:
Damaged Areas
|
World Trade Damage Summary New York, NY On September 11, 2002 |
|
|
|
|
| Property
Summary As Of April 2, 2003 |
| |
|
|
|
| Address |
Square Footage |
|
Anticipated Occupancy |
| 1 Liberty
Plaza |
2,124,447 |
|
Opened October
2001 |
| 140 Broadway |
1,200,000 |
|
Opened - per tenants
|
|
1 World Financial |
1,461,365 |
|
Opened in December 2001 - per Brookfield Properties
|
| 2 World Financial |
2,591,244 |
|
Opened in April
2002 - per Brookfield Properties |
|
3 World Financial |
2,300,000 |
|
Opened in April 2002 - per Brookfield Properties
|
| 4 World Financial |
2,083,555 |
|
Opened November
2001 per Brookfield Properties |
|
130 Liberty |
1,415,086 |
|
N/A |
| 101 Barclay |
1,226,000 |
|
Opened May 2002 |
|
22 Cortlandt |
668,110 |
|
Opened February 2002 per Murray Hill Properties.
|
| 90 Church |
950,000 |
|
N/A |
|
99 Church |
336,000 |
|
Opened in May - per tenants |
| 100 Church |
1,032,539 |
|
Opened in May -
per tenants |
|
111 Broadway |
418,000 |
|
Opened October 8 per Capital Property
|
| 115 Broadway |
399,000 |
|
Opened October 8
per Capital Property |
|
75 Park Place |
547,165 |
|
Opened December 2001 per Jack Resnick & Sons,
Inc. |
| 90 West
|
350,000 |
|
Severely damaged;
schedule for reopening has not been announced. |
|
140 West |
1,171,540 |
|
Open - Verizon is sole occupant. |
| 30 West Broadway |
381,000 |
|
Majority of occupancy
is government-related. Opening date: N/A |
|
24-26 Cortlandt |
25,000 |
|
N/A |
| 106 Liberty |
18,000 |
|
N/A |
|
110 Liberty |
6,000 |
|
N/A |
| 130 Cedar |
135,000 |
|
N/A |
|
114 Liberty |
69,000 |
|
N/A |
| 1 WTC |
4,761,416 |
|
-- |
|
2 WTC |
4,761,416 |
|
-- |
| 4 WTC |
576,000 |
|
-- |
|
5 WTC |
783,520, |
|
-- |
| 6 WTC |
537,693 |
|
-- |
|
7 WTC |
2,000,000 |
|
-- |
| |
|
|
|
| Other Damaged
Properties Not Included In TenantWise Survey: |
| 120 Cedar |
18,319 |
|
N/A (Small
Office) |
| 120 Liberty |
57,945 |
|
N/A (Residential) |
| 5 Carlisle |
131,466 |
|
N/A (Small
Office) |
| 1 Carlisle |
78,000 |
|
N/A (Residential) |
| 85 West |
417,322 |
|
N/A (Hotel) |
| 19-27 Church |
49,109 |
|
N/A (Retail) |
| 20 Dey |
380,542 |
|
N/A (Hotel) |
| 110 Church |
168,144 |
|
N/A (Small Office) |
| 120 Church |
418,105 |
|
N/A (Small
Office) |
| |
|
|
|
Below is a list
of the commercial properties affected by the tragic September 11, 2001 World
Trade Center attack. Outlined below are details of Manhattan Class A buildings
(destroyed, damaged, remaining), as well as damaged Class B and C square
footage. The impact of the attack on the Downtown office market is as follows:
-60% of Class A buildings was damaged or destroyed;
-Only 18.8 million square feet of Class A space was operational after 9/11;
31.1 million square feet of Class A space is operational as of 1/8/02; and,
-The total damaged and destroyed Class A, B, and C square footage surveyed
was 34.5 million square feet. |
| |
|
ANALYSIS OF CLASS A PROPERTIES |
|
| Destroyed
Class A |
|
|
|
1 World Trade Center |
|
4,761,416 |
| 2 World
Trade Center |
|
4,761,416 |
|
4 World Trade Center |
|
576,000 |
| 5 World
Trade Center |
|
783,520 |
|
6 World Trade Center |
|
537,693 |
| 7 World
Trade Center |
|
2,000,000 |
|
Destroyed Class A Space |
13,420,045 |
| |
|
|
| Damaged
Class A |
|
|
|
1 Liberty Plaza |
|
2,121,437 |
| 140
Broadway |
|
1,200,000 |
|
1 World Financial Center |
|
1,461,365 |
| 2 World
Financial Center |
|
2,591,244 |
|
3 World Financial Center |
|
2,263,855 |
| 4 World
Financial Center |
|
2,083,555 |
|
1 Bankers Trust Plaza (130 Liberty) |
1,415,086 |
|
101 Barclay Street |
1,226,000 |
|
Damaged Class A Space |
14,362,542 |
| |
|
|
|
Total Destroyed/Damaged Class A
Space |
27,782,587 |
| |
|
|
|
Total Remaining Class A Space
Downtown1 |
18,812,803 |
| |
|
|
|
Total Class A Space Pre-9/11 |
46,595,390 |
| |
|
|
% Destroyed/Damaged Class A of Total on 9/11 |
60% |
| |
|
|
|
ANALYSIS OF CLASS B & C PROPERTIES |
|
| Damaged
Class B |
|
|
|
22 Cortlandt |
|
668,110 |
| 90 Church |
|
1,126,260 |
|
99 Church |
|
336,000 |
| 100
Church |
|
1,030,000 |
|
111 Broadway |
|
418,000 |
| 115
Broadway |
|
399,000 |
|
75 Park Place |
|
564,145 |
| 90 West |
|
350,000 |
| Total Damaged Class B |
4,891,515 |
| |
|
|
|
Damaged Class
C
|
|
| 140
West |
|
1,171,540 |
|
30 West Broadway |
|
381,000 |
| 24-26
Cortlandt |
|
25,000 |
|
106 Liberty |
|
18,000 |
| 110
Liberty |
|
6,000 |
|
130 Cedar |
|
135,000 |
| 114
Liberty |
|
69,000 |
|
Total Damaged Class C |
1,805,540 |
| |
|
|
| |
Total Destroyed |
13,420,045 |
| |
Total Damaged |
21,059,597 |
| |
|
|
|
Total Destroyed/Damaged Class A/B/C |
34,479,642 |
| |
|
|
|
1Remaining Class A |
|
|
|
1 Battery Park Plaza |
750,000 |
|
85 Broad Street |
1,037,585 |
|
125 Broad Street |
1,274,213 |
|
52 Broadway |
400,000 |
|
140 Broadway |
1,200,000 |
|
1 Chase Manhattan Plaza |
2,239,000 |
|
40 Fulton Street |
233,153 |
|
7 Hanover Square |
846,000 |
|
33 Maiden Lane |
570,000 |
|
180 Maiden Lane |
1,091,570 |
|
1 NY Plaza |
2,542,563 |
|
32 Old Slip |
1,000,301 |
|
1 State Street Plaza |
769,867 |
|
17 State Street |
525,900 |
|
40 Wall Street |
1,200,000 |
|
60 Wall Street |
1,615,841 |
|
75 Wall Street |
663,081 |
|
100 Wall Street |
457,460 |
|
33 Whitehall Street |
396,269 |
| Remaining Class A Space |
18,812,803 |
| For
further information contact: |
|
M. Myers Mermel
Chief Executive Officer
(212) 943-7777 |
Caroline McLain
Chief Financial Officer
(212) 943-1902 |
|
|
|
© Copyright 2003, TenantWise.com Incorporated. All Rights
Reserved.
|
|
