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. — 6sqft
4 Comments
Affordable housing has become the must-have feature this season. A few units in every fancy building is a lot easier and more visible than effective policy.
Very true
am guessing it will be a lame glass tower designed by foster
It will be all commercial to avoid the affordable housing requirement.
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