World Trade Center Rebuild Almost Complete With Approval of 900-Foot Mixed-Use Tower
Plans have been approved for the development of 5 World Trade Center, in place of a building damaged on September 11 and eventually torn down.
February 15, 2021, 5am PST | James Brasuell |
The final piece of the rebuilt World Trade Center is now in place.
The Port Authority of New York and New Jersey Board of Commissioners and the Lower Manhattan Development Corporation Board recently approved plans for the development of a 1.56-million-square-foot, 900-foot-tall tower designed by Kohn Pedersen Fox (KPF) and developed by Brookfield Properties and Silverstein Properties.
"The proposal for the future 1.56 million gross square foot mixed-use building currently anticipates approximately 1.2 million square feet of residential space or 1,325 residential rental units – of which 25%, or approximately 330, would be permanently affordable. The building would also include approximately 190,000 square feet of office space," according to a Port Authority press release. "[T]he building would have a 12,000 square foot community facility space, as well as 55,000 square feet of public amenity space and 7,000 square feet of retail."