On the Market: Conde Nast's Reduced Circumstances at 1WTC; Where is Mitchell Silver?

Today marks the first day that Conde Nast staffers will report to work at 1 World Trade Center; The New York Times examines what the move will mean for Lower Manhattan, which seems to reveal as much about the decline of the media industry as it does about the rise of Downtown. And while Downtown Alliance president Jessica Lappin boasts that "Conde Nast's arrival puts a stiletto in the heart of the outdated notion that Lower Manhattan is stuffy and gray," it's undeniable that generous incentives have played a major role in the relocation, which will mean somewhat reduced circumstances for the staffers: "This time around, Conde Nast did not bring in a star architect for the cafeteria on the 35th floor of 1 World Trade Center.

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