MADBU

Navigating Financial Waters, Empowering Your Decisions.

a very tall building sitting on top of a beach
Finance

Rebuilding and Renewal: Lower Manhattan Thrives 22 Years After 9/11

In the wake of the tragic events of September 11, 2001, Lower Manhattan embarked on a journey of rebuilding and renewal. Today, two decades later, the landscape of this resilient neighborhood stands as a testament to the indomitable spirit of the human endeavor.

A Tale of Resilience

At the forefront of this remarkable transformation stand Silverstein Properties, under the stewardship of Larry Silverstein, and the New York Port Authority. These organizations have not only reconstructed the physical structures but have breathed life and vitality back into the heart of Lower Manhattan.

Rising from Ashes: Seven World Trade Center

The first phoenix to rise from the ashes was Seven World Trade Center, inaugurated in May 2006. This symbolic edifice faced initial hesitancy in leasing due to the haunting memories of 9/11. However, perseverance prevailed, and by 2012, it stood fully leased, a shining testament to the city’s resilience.

A Legacy of Progress

Following Seven World Trade Center, Four World Trade Center emerged in 2013, fully leased within three short years. In 2018, Three World Trade Center joined the ranks. Despite challenges posed by the pandemic, this building now boasts a remarkable 90% occupancy rate, hosting prominent companies like Uber, McKinsey & Company, and Hudson River Trading.

A Beacon of Hope: Three World Trade Center

The latest jewel in Lower Manhattan’s crown is Three World Trade Center. Currently, it enjoys a 90% occupancy rate, housing an array of innovative companies that include Uber, McKinsey & Company, and Hudson River Trading. These remarkable occupancy rates are a rarity in the world of commercial real estate, and they owe their existence, in part, to the area’s enduring spirit.

A New Generation, A New Beginning

Surprisingly, the average age of those working in the new World Trade Center buildings is a youthful 28. Many of them were just children of six when the 9/11 tragedy struck, and thus, they hold little or no memory of those fateful events. This generational shift contributes to the vibrant energy that now defines the area.

Manhattan’s Metamorphosis

Beyond the skyline, Lower Manhattan has undergone a residential renaissance. Over the past few decades, the population has burgeoned from 15,000 to a staggering 75,000. It has evolved from a solely financial district into a thriving hub of art, culture, and life.

A Cultural Oasis

Dara McQuillan, the Silverstein Properties spokesman, describes this revitalized area as a hub of art and culture. This vision has been realized through the establishment of a new performing arts center, set to open its doors this week. Moreover, Larry Silverstein’s generosity has allowed numerous artists to work rent-free within the open office spaces of the World Trade Center buildings.

A Healing Haven

Among these artists is Kerry Irvine, whose sister, Kristy Irvine-Ryan, tragically perished in the 9/11 attacks. The grief-stricken Kerry ceased painting for nearly a decade, unable to face the place where her sister lost her life.

A Rebirth Through Art

In 2008, Kerry Irvine tentatively picked up her paintbrush once more, as a tribute to her late sister. Gradually, she rekindled her artistic spirit and, in 2017, discovered the available studio spaces in the World Trade Center developments. Stepping onto the WTC site, she felt an overwhelming calmness, and her healing journey truly began.

A Studio in the Sky

Kerry reached out to Silverstein and secured a studio space in the WTC, where she now paints rent-free on the 80th floor of Seven World Trade Center. Her studio offers a breathtaking 360-degree view of the city. For her, this journey has been nothing short of transformative, the final chapter in her healing process.

A Tribute to Resilience

In the words of Kerry Irvine, “It can still bring you to your knees at times when you realize how much time has passed, and you really miss them. But life goes on, and you have to keep moving forward, because what’s the alternative? She would have never forgiven me if I just stopped living.”

Lower Manhattan’s journey from tragedy to triumph, from devastation to revitalization, serves as an inspiring narrative of human resilience and the enduring power of hope.



Download our app MadbuMax on the Apple App Store for the latest news and financial tools. Interested in getting your finances in order do not forget to check Dr. Paul Etienne’s best-seller book on personal finance. To access more resources, tools, and services please click here. Also, do not forget to follow Dr. Etienne on IG or Twitter.

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *