April 8, 2005
Pei Cobb Freeds 40-story, $2 billion
Lower Manhattan tower for investment firm Goldman Sachs appears
to be in jeopardy.
This Monday the firm halted imminent
construction on the project, located on the northwest corner
of Vesey and West Streets, contending that it cannot move
forward until some unresolved questions about surrounding
development are answered.
The prime question, says Goldman Sachs
spokesperson Peter Rose, is the location of a planned vehicular
tunnela result of submerging West Street that
as of now appears to head right under the buildings
main entrance. The location, says Rose, would be dangerous
and inconvenient for pedestrians, and take away from the buildings
visual impact. Other issues include questions over the Freedom
Towers final design and location, and configurations
of the World Trade Center site as a whole.
The site of the firms glass tower,
which will consolidate its many area offices into a cohesive
whole as well as giving the company greater trading spaces,
is the last vacant commercial parcel in Battery Park City.
It is set to be located immediately West of the Freedom Tower.
LMDC Spokesperson Joanna Rose says, were
working aggressively to address those concerns, and were
confident we will be able to resolve them.