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6 years ago
UPDATE 1-Brookfield unveils World Financial Center plan
June 16, 2011 / 9:20 PM / 6 years ago

UPDATE 1-Brookfield unveils World Financial Center plan

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* Plans $250 mln retail development in Lower Manhattan

* Construction to be completed in 2013 (In U.S. dollars)

TORONTO, June 16 (Reuters) - Brookfield Office Properties BPO.N BPO.TO, Manhattan's largest landlord, unveiled plans for a $250 million retail redevelopment of the World Financial Center in New York.

Construction is set to begin in October and is expected to be completed in 2013.

The redevelopment, which will include a connector to the area's transit hubs, will offer high-end fashion, a European-style marketplace, and waterfront dining.

The office landlord said it is currently in serious negotiations for more than 2 million square feet with major office tenants, building on the 600,000 square feet of space during the spring. (Reporting by Ka Yan Ng; editing by Rob Wilson)

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