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Mall Operator Has Tentative Deal for WTC Shops and Restaurants

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Is it the Condé effect? The Port Authority has a tentative deal with mall operator Westfield Properties to bring retail and restaurants to the World Trade Center site, the Journal and Post report. Westfield?an Australia-based company that also operates the concessions at JFK?would pay $612.5 million of the expected $1.55 billion retail construction costs in exchange for a 50 percent stake in the project. (The Port Authority would foot the rest of the bill.)

As for where the shops will go in the World Trade Center site?well, everywhere! Some will go within Santiago Calatrava's transit hub, and others will fill the low floors of Greenwich Street office towers or sit along pedestrian walkways. And then there's the World Financial Center makeover happening across the street. Hey, Anna Wintour needs places to shop!
· Westfield Group in Deal for World Trade Center Site Shopping and Dining [WSJ]
· $1.225B joint venture to develop WTC retail [NYP]
· World Trade Center Redevelopment coverage [Curbed]