Dwarfed at World Trade Center: 80-story office building could be capped at just seven floors thanks to weak economy

Future developments: This artist's rendition shows all of the potential development at the World Trade Center Site. Three World Trade Center is second from right

A skyscraper planned to tower 80 stories at the World Trade Center site could become a seven-floor dwarf because developer Larry Silverstein can’t find tenants to rent the space.

The project at Three World Trade Center was supposed to complement One World Trade Center, which replaces the twin towers destroyed in the September 11, 2001 terrorist attacks.

But now, the building will likely be capped at just seven floors of retail stores — a far cry from the plush highrise office complex that would have been the fourth-tallest building in New York.

Crain’s New York reports that Silverstein is prepared to halt construction of the Three World Trade Center building if he cannot line up a major tenant soon.

The trouble comes from a deal he struck in 2010 with the Port Authority of New York and New Jersey, which owns the nearly all of the World Trade Center site.

He must raise $300 million in private investments and pre-lease 400,000 square feet of space — about 10 stories — before the Port Authority will help him with public financing to complete the building.

However, the sluggish American economy and the financial crisis in the European Union has depressed the commercial real estate market in New York City.

Many major firms are choosing to stay put and make do with their current offices, rather than take the expense of moving to classier new digs.

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