Conde Nast and Time Inc Help Propel Lower Manhattan Beyond Pre 9/11 Levels

Lower  Manhattan has been on the rise thanks to the rebuilding and new tenants like Conde Nast, Time Inc, Mansueto Ventures and others. Lower Manhattan is slowly becoming a major media cluster as companies seek sleeker digs for cheaper rent.

For blocks surrounding One World Trade, half-built towers and cranes still clutter the sky, barricades and scaffolding line the streets, and the whine and clatter of jackhammers fill the air. Construction workers in hardhats are as ubiquitous as tourists. The recession hampered efforts to bring businesses back, but Lappin says private sector employment — 266,000 workers — is finally nearing pre-9/11 numbers. Conde Nast and Time Inc. have relocated downtown. Group M, one of the world's biggest advertising firms, will move into Three World Trade Center when it's complete.

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