Archinect - News

New York Gov. Hochul announces affordable housing plans for KPF's 5 World Trade Center

2023-08-02T14:07:00-04:00

Progress on the 5 World Trade Center (5WTC) project by KPF moves forward after a press conference announcement on July 27 from New York Governor Kathy Hochul. In an effort to build more affordable housing in Lower Manhattan, the news reported by The Real Deal states that the mixed-use skyscraper will also include 1,200 rentals "with one-third designated for low-to-moderate-income within the World Trade Center redevelopment."

In January 2022, Archinect reported on the project and its online petition for creating affordable housing options for 5 World Trade Center. Led by the New York Review of Architecture and Citygroup, the petition called for a "75% increase in the number of affordable units in the 900-foot 5 World Trade Center. The document, titled 100% Affordable, pressed developers to do away with the current plan, which designates 300 of the development’s 1,200 rental units for tenants earning less than 50 percent of the median income, in favor of a more progressive scheme tha...

Activists in NYC call for affordable alternatives to KPF's 5 WTC

2022-01-24T18:04:00-05:00

The fight for affordable housing in New York City has come to one of Lower Manhattan’s most important developments in recent memory.

An online petition organized by the New York Review of Architecture and Citygroup has been circulating that appears to call for a 75% increase in the number of affordable units in the 900-foot 5 World Trade Center. The document, titled 100% Affordable, pressed developers to do away with the current plan, which designates 300 of the development’s 1,200 rental units for tenants earning less than 50 percent of the median income, in favor of a more progressive scheme that would prioritize 9/11 survivors and frontline workers in an alternative to the recently-approved KPF design.

“This is not an abstract, pie-in-the-sky call for ideas,” the group’s statement reads. “This call is structured around the actual approval process for the tower. The developers backing the current proposal claim that this degree of affordability is untenable given the enormous con...

Kohn Pedersen Fox selected to design 5 World Trade Center

2021-02-11T17:30:00-05:00

A development team for 5 World Trade Center (5 WTC) has been selected by the Port Authority of NY and NJ. The board voted unanimously during their monthly public meeting to award the bid to Silverstein Properties, Brookfield Properties, Omni New York, and Dabar Development. The board also offered up a snapshot of the design, which comes from none other than Kohn Pedersen Fox. The image depicts a 900-ft skyscraper emerging from one of the World Trade Center’s last developable sites.

The full press release from the Port Authority of NY and NJ...

Award for 5 WTC, the Location of the Former Deutsche Bank Building, Cements Governor Cuomo’s Commitment to Complete the Rebuilding of the World Trade Center Campus

New Mixed-Use Tower to Include First Residential Properties at World Trade Center Campus with Hundreds of Units Designated as Permanently Affordable

Development Team Will Now Enter Exclusive Negotiations for Detailed Lease

The Port Authority of New York and New Jersey Board of Commissioners and the Lower Manhattan Development Corporation Board (LMDC) voted today to approve the recommendation of the selection committee for the Request for Proposals (RFP) to develop World Trade Center Site 5. A partnership led by Brookfield Properties and Silverstein Properties has been selected to enter into exclusive negotiations for a lease for the development of a residential tower on the World Trade Center Campus.

The proposal for the future 1.56 million gross square foo...

Cuomo releases RFP for 5 World Trade Center, may include 900-foot tower and affordable housing

2019-06-26T12:10:00-04:00

The Port Authority and the Lower Manhattan Development Corporation recently arrived at a deal to develop 5 World Trade Center, the last WTC site. Today, Governor Cuomo released a Request for Proposals, which allows for either commercial or mixed-use proposals for a 900-foot-tall building. Any proposals putting forth a residential component must include “onsite affordable units that comply with New York City’s Mandatory Inclusionary Housing program,” according to a press release.