7 World
Trade Center
The History
7, World
Trade Center
Built: 1985
Destroyed:
11 September 2001
47 Floors
Height: 174
m
Architect: Emery Roth & Sons
7 WTC was
built in 1985 as an addition to the World Trade Center, located across Vesey
Street from the main compound.
Cantor/Seinuk
Engineers, P.C., Engineer. Silverstein Properties, Inc., Current Owner.
The Owners
Larry A.
Silverstein was appointed a director of Westfield America in May 1997. Since
1979, Mr. Silverstein has been President of Silverstein Properties, Inc., a
Manhattan-based real estate investment and development firm which owns
interests in and operates over 10 million square feet of office space. Mr.
Silverstein is a member of the New York Bar, and a Governor of the Real Estate
Board of New York, having served as its Chairman. He is a trustee of New York
University and is the founder and Chairman Emeritus of the New York University
Real Estate Institute. He is Chairman of the Realty Foundation, Vice Chairman
of the South Street Seaport Museum, and a board member of the Museum of Jewish
Heritage.
BLACKSTONE
ACQUIRES DEBT ON 7 WORLD TRADE CENTER
New York,
NY October 17, 2000: Blackstone Real Estate Advisors, the global real estate
investment and management arm of The Blackstone Group, L.P., announced today
that it has purchased, from Teachers Insurance and Annuity Association, the
participating mortgage secured by 7 World Trade Center, a commercial office
complex controlled by real estate developer Larry Silverstein”
Factsheet
on Teachers Insurance and Annuity Associaion (TIAA) (note: Joseph W. Luik is probably the guy who
brokered the deal for TIAA)
“But before
the building can rise further than the substation, major financing issues have
to be resolved by Larry Silverstein, who controls the long-term lease on 7
World Trade Center as well as the World Trade Center complex. The good news for
Mr. Silverstein is that the company that insured 7 World Trade, Industrial Risk
Insurers, has indicated that it will make a full payment under its $861 million
policy. But it's not clear whether Mr. Silverstein can use those proceeds to
start building without first reaching an agreement with the mortgage holder on
7 World Trade Center, Blackstone Real Estate Advisors.”
“Bank of
America reportedly holds the loan on 7 World Trade Center.”
“Fitch
placed classes of Banc of America LL, Inc. Series
2001-7WTC on Rating Watch Negative due to the increased likelihood that the
building will be rebuilt in the near future, using insurance proceeds. The
transaction is secured by the beneficial ownership interest in a trust that
owns a loan secured by certificates owned by Blackstone Real Estate Partners
III LP through related entities representing ownership interest in another
trust secured by four mortgages originally totaling approximately $449.4
million on a leasehold interest in 7 World Trade Center. It now appears, due to
the urgency to rebuild the ConEd substation, that 7 WTC will be rebuilt in the
near future and that, in effect, the bondholders may take on the increased
risks of construction lending. It is still possible that bondholders will be
repaid prior to construction, because the existing mortgages have a relatively
high interest rate and less expensive financing alternatives may be available.
Due to political forces surrounding the continued viability of lower Manhattan,
Fitch believes that the city will use its best efforts to aid Silverstein in
attracting high quality tenants to the building. However, Fitch believes that
the cash flow that existed prior to the destruction of 7 WTC will not be
replicated, particularly due to the projected substantial reduction in building
size.”
“According
to BestWire, Employers Reinsurance Corp's Industrial Risk Insurers has agreed
to pay a claim for 7 World Trade Center, but a final price has yet to be
settled. Some of the insurance proceeds will be used to pay off bondholders who
bought part of the building's US$383 million mortgage. Larry Silverstein, the
building's developer and leaseholder of the WTC twin towers, has said the claim
for 7 World Trade Center will be US$861 million”
The collapse
FEMA/
Congressional report: World Trade Center Building Performance Study
Chapter on
WTC 7: http://www.house.gov/science/hot/wtc/wtc-report/WTC_ch5.pdf
NIST
Investigation: http://www.nist.gov/public_affairs/releases/n02-14.htm
American
Society of Civil Engineers “This effort is also being conducted for WTC 7,
which is of considerable interest to the team.”
Testimony
to Congress: http://www.house.gov/science/full02/mar06/corley.htm
Abolhassan
Astaneh-Asl of University of California: “I investigated the structural
remains of the World Trade Center towers and building 7 and I have collected
data on quality of construction, failure modes, as well as fire and impact
damage. I have also identified and saved some key elements of the World Trade
Center that appear to have been impacted by the planes or have been exposed to
intense fire.
We plan to
finish our studies by September and we will turn over all information, all the
data involved, published or unpublished, to NIST.” (source)
NY TIMES
12/20/2001 City Had Been Warned of Fuel Tank at 7 World Trade Center
"Fire
Department officials warned the city and the Port Authority of New York and New
Jersey in 1998 and 1999 that a giant diesel fuel tank for the mayor's $13
million command bunker in 7 World Trade Center, a 47-story high-rise that
burned and collapsed on Sept. 11, posed a hazard and was not consistent with
city fire codes. The 6,000-gallon tank was positioned about 15 feet above the
ground floor and near several lobby elevators and was meant to fuel generators
that would supply electricity to the 23rd-floor bunker in the event of a power
failure. Although the city made some design changes to address the concerns -
moving a fuel pipe that would have run from the tank up an elevator shaft, for
example - it left the tank in place. But the Fire Department repeatedly warned
that a tank in that position could spread fumes throughout the building if it
leaked, or, if it caught fire, could produce what one Fire Department
memorandum called "disaster."
“Tuesday's
terrorist attack on the World Trade Center (WTC) has had a significant impact
on Con Edison's energy infrastructure in lower Manhattan. The fire and
subsequent collapse of 7 World Trade Center has permanently damaged two
substations located adjacent to the building as well as major electric
transmission cables. A third substation located near the South Street Seaport
also lost service. Approximately 12,000 customers are currently without
electric power.”
“A cleanup
is underway to remove tens of thousands of gallons of oil that spilled from 7
World Trade Center when the 47-story office tower collapsed on Sept. 11,
according to a published report.
Citing an
environmental impact report made public by the Empire State Development Corp.,
Newsday reported Thursday that 130,000 gallons of oil leaked from the Con
Edison substation contained within the building.
Additional
oil leaked from two 6,000-gallon storage tanks owned by Salomon Smith Barney,
and conduits beneath the building may have contained asbestos and feeder lines
wrapped in a material containing toxins, the report said.
Two
11,690-gallon diesel fuel tanks operated by Silverstein Properties were also
inside the building, but were removed in March and April and showed no evidence
of spillage, Newsday said. “
The Tenants
Tenant List (provided by CoStar Group
Inc)
|
Building:
|
7 World Trade Center
|
|
|
|
|
|
|
|
|
Tenant
|
Square Feet Leased
|
Floor
|
Industry
|
|
Salomon Smith Barney
|
1,202,900
|
GRND,1-6,13,18-46
|
Financial Institutions
|
|
Internal Revenue Service Regional
Council
|
90,430
|
24,25
|
Government
|
|
U.S. Secret Service
|
85,343
|
9,10
|
Government
|
|
American Express Bank
International
|
106,117
|
7,8,13
|
Financial Institutions
|
|
Standard Chartered Bank
|
111,398
|
10,13,26,27
|
Financial Institutions
|
|
Provident Financial Management
|
9,000
|
7,13
|
Financial Institutions
|
|
ITT Hartford Insurance Group
|
122,590
|
19-21
|
|
|
First State Management Group, Inc
|
4,000
|
21
|
Insurance
|
|
Federal Home Loan Bank
|
47,490
|
22
|
Financial Institutions
|
|
NAIC Securities
|
22,500
|
19
|
Insurance
|
|
Securities & Exchange
Commission
|
106,117
|
11,12,13
|
Financial Institutions
|
|
Mayor's Office of Emergency Mgmt
|
45,815
|
23
|
Government
|
“ Central
Intelligence Agency's clandestine New York station was destroyed in Sept 11
attack on World Trade Center, seriously disrupting US intelligence operations;
station was in 7 World Trade Center, one of smaller office towers destroyed in
aftermath of collapse of twin towers; all CIA employees at site were safely
evacuated; agency immediately dispatched special team to scour rubble in search
of secret documents and intelligence reports stored in station”
(the above
article is reprinted in full here)
(CNN has a
smaller version of the story here)
Salomon Smith Barney
A Member of Citigroup
http://www.smithbarney.com/ (Citigroup: http://www.citigroup.com/
)
“We are
shocked and deeply saddened by yesterday’s events that took place in New York
City, Washington and Pittsburgh. Our thoughts and prayers are with the families
affected by these horrific events. As you know by press reports, several
securities firms had employees in the New York World Trade Center complex. We
successfully evacuated all Salomon Smith Barney employees from 7 World Trade
Center prior to its collapse at 5 p.m. Tuesday. We have implemented our
Disaster Recovery Plan for our affected businesses, and we are currently fully
operational. Many of our Branches will be staffed today to answer any questions
you may have, and will be prepared to conduct business at such time that the
major exchanges re-open. Please refer to this Web site for updated
information.” (source)
“Citigroup
immediately had to relocate 2,500 employees who had been housed in 7 World
Trade Center, a building that collapsed a few hours after the Twin Towers. Most
of those employees were subsequently housed in existing bank offices throughout
the New York metro area. But even after that, the bank finds itself with
surplus space.” (source)
“Robert
Genalo, vice president of investments at Salomon Smith Barney in Melville, said
a portion of his company's administrative
operations were housed in the World Trade Center's Building 7” (source)
“Citigroup,
which owns Salomon Smith Barney, should show the best performance: a 6% gain
for the year” (source)
David
Matvey: Director, http://www.LegacyRus.com
and Salomon Smith Barney At 7 World Trade Center (source)
Salomon
Brothers Inc.
7 World
Financial Center, New York 10048, New York
Tel:
2127477000 (source)
IPO’s
underwritten by Salomon Bros. http://www.hoovers.com/ipo/view/underwriter/0,2616,251,00.html
“A program
at the 12:30 p.m. luncheon (to be held at Salomon Brothers, 7 World Financial
Center) will include remarks by Louis-Michel Morris, Conseiller Commercial,
French Consulate; and a keynote address by Marie-Monique Steckel, president,
France Telecom North America.” (Apr. 23, 1998)
“The
chairman of the House Financial Services Committee, frustrated by Citigroup's
unwillingness to turn over information about any WorldCom executives who may
have gotten shares in initial public offerings, will try to pry the information
out with a subpoena.
Rep.
Michael Oxley (R., Ohio) said Friday that a subpoena is necessary because
Citigroup provided insufficient information about what, if any, special
treatment its Salmon Smith Barney investing banking division may have given
WorldCom executives. Salomon had been one of the now-bankrupt telecom's
principal investment bankers.”
“But
Citigroup says some information that the committee is seeking was destroyed in
the Sept. 11 terror attack on the World Trade Center. Salomon had offices in 7
World Trade Center, one of the buildings that collapsed in the aftermath of the
attack. The bank says that back-up tapes of corporate emails from September
1998 through December 2000 were stored at the building and destroyed in the
attack.” (source)
Internal
Revenue Service Regional Council
“The IRS
had 110 employees‹including 75 lawyers‹on the 24th and 25th floors of 7 World
Trade Center. With employees working at home or at the agency's Midtown
Manhattan offices, permanent facilities have yet to be located.
New York
IRS spokesman Kevin McKeon said that many paper files unique to the New York
regional office were lost. But he said that targets of New York office
investigations were not going to get a free pass.
"There
was no risk of lost files," said IRS spokesman Tim Harms in Washington,
D.C. "Our file work is in computers far away from there."”
“Mr.
Bernard, 57, was an industry specialist for the Internal Revenue Service and
was based in Boston. On Sept. 11, he was on his way to a meeting at the I.R.S.
offices at 7 World Trade Center when the first plane hit the towers. He was
struck by falling debris and died of his injuries on Dec. 11.”
U.S. Secret
Service
“World
Trade Center Building 7 stood in the shadow of the North Tower. Inside the
47-story building: the US Secret Service's largest field office with more than
200 employees. On September 11 all of them escaped, but Building 7 was reduced
to rubble. This week on "CyberCrime," an exclusive look into the
hours, weeks, and months following 9/11 and how the US Secret Service was able
to recover thanks to the largest cybercrime team in the country -- the New York
Electronic Crimes Task Force (NYECTF).
"All
the evidence that we stored at 7 World Trade, in all our cases, went down with
the building," according to US Secret Service Special Agent David Curran
-- the number three guy in that office. "We lost our network, we lost all
our computers, we lost all the equipment that we use as Secret Service Agents.
Everything from machine guns to our shotguns to our electronic equipment that
we use."
But despite
their physical losses, nothing could shake the field office's solid foundation.
This week on "CyberCrime," you'll see how the members of the NYECTF
came to the Secret Service's rescue. Watch as more than 50 law enforcement
agencies, 200 corporations, and 12 universities donate tens of thousands of
dollars in equipment and hundreds of volunteer hours to enable the US Secret
Service's New York office become operational within just 48 hours of the
attacks.”
Watch the WTC Building 7 segment – “A lot of
cases had to be closed as a result of losing that building.” – David Curran.
Gerald
Lynch of John Jay College helped post 9-11 & allowed the SS to use building
to resume work.
Special
Agent Robert W Weaver of the New York Electronic Crimes Task Force – Statement to House Committee on Science, June 24th
2002
Weaver:
“We lost Craig Miller, an employee that we still can’t find. His body has never
been recovered. People here are still grief stricken.” (first quarter, 2002)
Steve
Carey – SS special agent in charge or recreating task force.
“When
7 World Trade Center came down on Sept. 11, an agent on loan from Washington,
special officer Craig Miller, perished, and the entire Secret Service office
was buried in that building. Yet, despite the devastation, the New York
Electronic Crime Task Force has stepped up its operations in credit card fraud
and for Osama Bin Laden's money”
“
One employee, Master Special Officer Craig Miller, died during the rescue
efforts. Miller was temporarily assigned to New York in preparation for the
United Nations General Assembly.” http://www.ustreas.gov/usss/press/pub1202.pdf
“in
selfless dedication to others, Master Special Officer Craig Miller was lost in
the collapse of the World Trade Center.”
American
Express Bank International
“Like many
companies directly impacted by the recent terrorist attacks, financial services
giant American Express must manage the crisis on two main fronts, its employees
and its customers.
Its headquarters, located at 7 World
Financial Center,
is just a stone's throw from the crumbling ruins of what was once the World
Trade Center. The 5,000 employees that work at the site were all evacuated
safely on the day of the attacks as debris rained down and smoke filled the
air. Twelve others who were at work in the Twin Towers at a client office are
missing.” (source)
Standard
Chartered Bank
London
Based Standars Chartered Bank had its NY base in WTC 7
New York
Federal Reserve Bank
Foreign
Exchange Committee Member List
Robert
White
Regional
Treasurer
Standard
Chartered Bank
7 World
Trade Center
“After
several unsuccessful attempts to find a new home in Manhattan after its
premises at 7 World Trade Center collapsed on 9/11, London-based Standard
Chartered Bank has signed a lease for 94,000 square feet on the third floor at
One Madison Avenue. The ten-year deal was negotiated by Insignia/ESG.” (source)
Provident
Financial Management
ITT
Hartford Insurance Group
First State
Management Group, Inc
Federal
Home Loan Bank
“The
Finance Board also marked the 70th anniversary of the FHLBank System by
re-issuing a new charter to the FHLBank of New York. The Bank's original 1932
charter was lost when its offices at 7 World Trade Center were destroyed in the
September 11th terrorist attack.”
NAIC
Securities
Securities &
Exchange Commission
This office
was the “Northeast Regional Office” of the SEC, which is one of only 11
national SEC regional offices.
“Securities
and Exchange Commission(SEC)
7 World
Trade Center, 13th Floor
New York,
NY 10048
(212)
748-8000 “
““Clearly
what happened was a severe blow,” Wayne Carlin, the SEC’s Northeast regional
director, told the Washington Post. “It will slow us down, and we will need
some amount of time to recover.”
The office,
which enforces SEC regulations, lost files on about 300 pending investigations,
including a major inquiry into the manner in which investment banks divvied up
hot shares of initial public offerings during the high-tech boom.
Mr. Carlin
said there were no plans to drop any pending matters. “We lost a lot of stuff,
though some of it is reconstructible,” he said. “Anybody who is under our
investigation would be making a mistake if they thought they were in the
clear.”
The SEC
will probably be able to get new copies of documents from the parties that
turned them over initially, Mr. Carlin said.
Barry
Barbash, a partner with the New York and Washington, D.C. offices of Shearman
& Sterling and former director of the division of investment management at
the SEC, said that most of the securities firms have back-up systems.
“It’s
really the [SEC’s] internally generated notes and correspondence that will
prove most problematic,” Mr. Barbash said. “
meetings held:
Senate Committee on Banking, Housing & Urban
Affairs
Hearing on
"The Competitive Market Supervision Act"
2:00 p.m.,
Monday, February 28, 2000
13th Floor
Conference Room - Securities and Exchange Commission Offices
7 World
Trade Center, New York, NY
Witness’: The Honorable Arthur Levitt, Mr.
J. Patrick Campbell, Mr. Keith Helsby, Mr. Hardwick Simmons, Mr. Leopold
Korins, Mr. Robert Seijas
Hearing on
the "Financial Marketplace of the Future"
9:30 a.m.,
Tuesday, February 29, 2000
13th Floor
Conference Room - Securities and Exchange Commission Offices
7 World
Trade Center, New York, NY
Witness’: The Honorable Arthur Levitt, Mr.
Philip Purcell, Mr. Charles Schwab, Mr. Henry M. Paulson, Mr. David Komansky,
Mr. Allen Wheat, Mr. Richard Grasso, Mr. Frank Zarb
Mayor's
Office of Emergency Mgmt
“In June
1999, Mayor Rudolph Giuliani built a $13 million emergency crisis centre on the
27th floor of 7 World Trade Center, a building just north of the towers that
itself collapsed late Tuesday afternoon.
Giuliani
intended the centre to serve as a command central during city emergencies
including blackouts, storms and terrorist attacks. Guiliani spent part of the
New Year's Eve 2000 celebration in the emergency centre.”
“Simon and
Teperman contend that the medical response to the World Trade Center attack was
hindered by the fact that the city's Office of Emergency Management (OEM) —
which coordinates all aspects of a disaster response — was housed in 7 World
Trade Center.”
“As Police
Commissioner Howard Safir's chief of staff, Sheirer forcefully opposed the
construction of the OEM center known as "the bunker" on an upper
floor of 7 World Trade Center. Then-OEM Director Jerry Hauer spearheaded the
ill-conceived effort to build "the bunker" in the shadow of the twin
towers. Sheirer's opposition to locating the command center at that location
unfortunately was vindicated when the 48-story office building at 7 World Trade
collapsed nearly seven hours after terrorists crashed two commercial airliners
into the twin towers.”
“On the
morning of September 12, Richard Sheirer, director of the mayor's Office of
Emergency Management, was scheduled to conduct a biological-terrorism drill in
a cavernous commercial warehouse on the Hudson. Known as tripod -- short for
"trial point of distribution" -- the exercise was to test how quickly
Sheirer's staff could administer treatments at the kind of ad hoc medical
centers that would be set up all over the city in the event of an actual
attack. For an audience, Sheirer had lined up Mayor Rudy Giuliani, the police
and fire commissioners, and representatives of the FBI and the Federal
Emergency Management Agency (FEMA). He had hired over 1,000 Police Academy
cadets and Fire Department trainees to play terrified civilians afflicted with
various medical conditions, allergies, and panic attacks. He had even arranged
for a shipment of 70,000 M&Ms to be delivered and divided by color into
medical packets representing different prophylactics and vaccines. But the
M&Ms never arrived.
On the
morning of September 11, Sheirer got to City Hall at 8 a.m. for a meeting about
the Jackie Robinson-Pee Wee Reese memorial planned for Coney Island. "I
was in heaven, sitting between Ralph Branca and Joe Black," he remembers.
"We were about to select the statue, and then we heard the pop." At
first he thought a transformer had exploded in an underground substation. Then
he got a flash report from Watch Command in OEM headquarters.
As his
driver barreled down Broadway, Sheirer recalls, "my first move was to
clear the streets so we could get emergency vehicles in and people out."
He radioed the police department and told them to shut down traffic below Canal
Street and close every bridge and tunnel in the city.
Down at the
scene, he joined Fire Commissioner Tom Von Essen and his chiefs Pete Ganci and
Bill Feehan -- old friends from Sheirer's 26 years with the New York Fire
Department. They were establishing a command post at the base of the burning
tower. Then the second airplane hit. "At that point there was no more
doubt," he says ruefully. "We were under attack." He picked up
one of the three cell phones strapped to his belt and started giving orders: to
the Coast Guard to seal the harbor, and to the State Emergency Management
Office to send backup search and rescue teams and get the Pentagon to freeze
the city's airspace. Then he lost his signal.
As Sheirer
helped move the Fire Department command post, he saw a cloud of smoke and
debris engulf his own command center, on the twenty-third floor of 7 World
Trade Center. His staff was inside sending alerts to representatives of nearly
100 organizations -- everyone from Con Edison to the Department of Health. One
of his deputies radioed him to report that the OEM would have to evacuate.”
“ Of
course, Sheirer's deference also helps keep the limelight shining on hizzoner.
Sheirer could easily step out from Giuliani's shadow -- he's briefed President
Bush, Tony Blair, and Henry Kissinger, among others -- but he plans to retire
when the mayor leaves office. “
Equal Opportunity Employment Commission
New York
District Office
Not listed,
but confirmed via:
7 World
Trade Center, 18th Fl.
New York,
NY 10048
1-800-669-4000
212-748-8500
“Roxanne
Zygmund of Bayonne, N.J., an employee of the Equal Opportunity Employment
Commission, was working at her computer at 7 World Trade Center when she heard
a loud boom.
The
44-year-old mother knew something wasn't right.
"I ran
down 18 flights," she said about 10:45 a.m. while waiting on line at a
nearby pay phone to call her family and let them know she was OK shortly after
the two towers collapsed. "People were running and trampling. I was
outside and I saw the next building get hit. I heard a big explosion and people
were jumping out of the building.
"I
just want to get in touch with my kids," she said, her blouse stained with
coffee from the mad dash to get out of the building.
Zygmund
said several people trapped in 7 World Trade Center were waving white flags to
get the attention of emergency workers. Several hours later, at 5:20 p.m., that
burning, evacuated building also collapsed. “
“The EEOC
lost 1,500 workplace discrimination case files stuffed with handwritten notes
and witness statements that were housed in 7 World Trade Center.
All that
remained was a database at the EEOC's Washington headquarters containing the
names and addresses of parties and a computer code indicating their complaints.
The
office's 35 investigators wrote down whatever details they could remember about
each of their 40 cases and asked complaining employees, employers, and
courthouses for copies of files.”
ISO
Dennis
Dapolito
Senior
Consultant
Insurance Services
Office, Inc.
7 World
Trade Center
NYSE
“The NYSE's
communications and power systems were located below 7 World Trade Center, which
sat in the shadow of the Twin Towers.”
And what
meeting was Richard J Spanard set to attend?
“Richard J.
Spanard, Beta Tau '93 (Slippery Rock University) is a U. S. Army captain and
commander of an Explosive Ordnance Disposal company based in northern New
Jersey. On the morning of September 11, he was enjoying breakfast at a deli 50
feet from the World Trade Center twin towers when the first plane hit. General
hysteria inundated the deli. Spanard decided that he and the three soldiers
with him should move to number 7 World Trade Center, where they had a scheduled
meeting.”
“Richard J.
Spanard, Beta Tau '93 (Slippery Rock University), and his wife Bobbi Ann
celebrated the birth of their first child, Jacob Tyler, on Aug. 18 at Wierzburg
Army Hospital in Germany. Spanard is a first lieutenant in the U.S. Army.”
He heads
the 754th ORDNANCE COMPANY
HEALTH
RESOURCES
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