SL Green CFO on Lower Manhattan's rebound after 9/11
Matt DiLiberto discussed the 25-year transformation of Lower Manhattan after Sept. 11, saying the area has been “reimagined” from a largely nine-to-five financial district into a vibrant neighborhood where people live, work, study, and visit. He said the central question after the attacks was not whether the area would be rebuilt, but how, how long it would take, who would do it, and what it…
In a recent interview, Matt DiLiberto, CFO of SL Green, revealed the remarkable 25-year evolution of Lower Manhattan since the tragic events of September 11. He emphasized that the area has undergone a complete reimagining, transitioning from a primarily financial district catering to the nine-to-five workforce to a dynamic, multifaceted neighborhood where individuals reside, work, study, and visit.
DiLiberto highlighted the central question that arose in the aftermath of the attacks - not whether Lower Manhattan would be rebuilt, but how it would be rebuilt, the timeline for reconstruction, the entities responsible, and the final appearance of the area. He noted the significant growth in both population and housing within the district, alongside a diverse mix of office spaces and memorials dedicated to the victims at the World Trade Center site.
From SL Green's standpoint, DiLiberto underscored the company's primary focus on residential projects in Lower Manhattan due to the profound transformation of the neighborhood. He cited notable developments such as 100 Church Street, 33 Beekman, and 180 Broadway as examples of the area's progress. DiLiberto framed the redevelopment efforts as an essential component of New York's ongoing need to remain robust and vibrant, not just in Midtown, but also in downtown areas.
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