Facing the potential loss of two tenants and a spike in lower Manhattan's vacancy rate, the World Financial Center is contemplating a major renovation. According to Crain's, building owner Brookfield Properties might eliminate the building's grand staircase, add more retail, and create a new West Street entrance. One of the landlord's worries is competition with tenants at the World Trade Center's planned office towers, so really, no rush on that. [Crain's; previously]
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