NEW YORK | 5 World Trade Center | 920 FT | FLOORS - Page 24

JSsocal · #**461** Posted **May 31, 2018, 7:08 PM**

That looks like a libeskind placeholder to me. Its an ad on a fence not a press release, I wouldn't read into it too much.

Zerton · #**462** Posted **May 31, 2018, 7:40 PM**

Quote:

Originally Posted by Patrick

... it might actually compliment One WTC and the other towers really well.

For sure. The angles will play off of 1WTC really well.

The Best Forumer · #**463** Posted **May 31, 2018, 9:30 PM**

not too bad... could be better... but not that bad... nice....

aquablue · #**464** Posted **Jun 4, 2018, 4:26 AM**

Quote:

Originally Posted by Patrick

Another boring geometric glass box...yawn. There is a small part of me that does like the design, it might actually compliment One WTC and the other towers really well. Plus it looks about the right height to complete the whole spiral effect the WTC has going on, obviously we'll have to wait until the official renderings are released before we can properly critique the design. I'm just excited to see this space finally filled!

This is one of the better designs in NY. If you want to see real boring boxes, go to HY and check out 55, 50, Spiral, 3HY...

chris08876 · #**465** Posted **Jun 9, 2018, 3:39 AM**

I wonder what the height is? A lot of potential, and I think from an aesthetic standpoint, 900 ft would be ideal. Assuming design somewhat retains a 4 WTC and 1 WTC vibe to it. Nothing too flashy.

I think a geometric box or a spin of it could work. We might have to wait for better renderings, at least, to make a fair opinion.

PeterQM · #**466** Posted **Jun 14, 2018, 2:05 PM**

Possible Design Revealed for 5 World Trade Center

As of this writing, 3 World Trade Center (“WTC”) has finished construction and joined numbers 1 and 4 in the heart of the new Downtown, as the official World Trade Center website puts it. Plans are in the works for a Bjarke Ingels-designed tower at 2 WTC, and a new design at 5 WTC has just been revealed.

wong21fr · #**467** Posted **Jun 14, 2018, 4:06 PM**

Quote:

Originally Posted by PeterQM

As of this writing, 3 World Trade Center (“WTC”) has finished construction and joined numbers 1 and 4 in the heart of the new Downtown, as the official World Trade Center website puts it. Plans are in the works for a Bjarke Ingels-designed tower at 2 WTC, and a new design at 5 WTC has just been revealed.

Umm.....no.

Quote:

Originally Posted by chris08876

Zombified Plans Revealed For Supertall 5 World Trade Center
===================
NYY

chris08876 · #**468** Posted **Jun 14, 2018, 7:22 PM**

That's just a vision by KPF.

I think this will be a mixed used and not purely office. I can't see this happening in pure-office functionality (would be hard to get tenants, downtown that is). At least not this cycle. But mixed-used, throw in a residential component, and yes. Actually, a hotel included with (X= residential) would make financial sense given the surrounding tenants being added within the last year and even now (feeding off the surroundings).

jayden · #**469** Posted **Jun 15, 2018, 1:02 AM**

Uhm...let's get Tower 2 up first...

chris08876 · #**470** Posted **Jun 15, 2018, 1:04 AM**

Tower 2 is not happening anytime soon. Its a pipe dream at this point. The supply of high-sqft tenants aiming for downtown is quickly drying up!

chris08876 · #**471** Posted **Jun 25, 2018, 11:21 AM**

No plans for 5 World Trade Center, says Port Authority

Quote:

Pro-development website New York YIMBY might have left readers baffled last week with a post headlined, “New Renderings Appear for Supertall 5 World Trade Center.”

Although the item did say that the Port Authority, which owns the land on Liberty Street, has “no building plans” there, it confusingly stated that the image of a 70-story structure “could indicate yet another supertall is planned for the area.”

But the PA might have added to the confusion.

A rep explained to The Post that the photo shown was “generic” and part of a fence wrap “installed as part of our initiative to improve the aesthetics around the WTC campus … there are no current plans to sell or develop the site.”

The wrap is one of several steps the PA took to beautify the area to coincide with last week’s opening of Larry Silverstein’s 3 World Trade Center. Artist murals now surround the site of unbuilt 2 World Trade, and Liberty Street between Church and Greenwich streets has been repaved.

=======================
https://nypost.com/2018/06/18/no-pla...ort-authority/

Busy Bee · #**472** Posted **Jun 25, 2018, 2:31 PM**

Interesting tactic. Developing an imaginary reality to create the illusion of progress. It's the Trump administration of fence wraps if you will.

nyc_alex · #**473** Posted **Jun 25, 2018, 3:51 PM**

I remember being annoyed when it was expected to take 10 whole years to rebuild the wtc site. It is somewhat depressing that even 20 years out, this site will not be completed. Let's hope for 25 years now. I don't understand how any person or organization can sit on valuable real estate like this for decades. Isn't there massive revenue being lost from missing out on decades of Manhattan priced rent? Aren't they paying property tax every year?

winlinmac001 · #**474** Posted **Sep 12, 2018, 10:52 AM**

1WTC "may" be getting a partial twin

New 5 WTC rendering posted along the fence surrounding the temporary Port Authority parking lot near the trade center on the site of the former Deutsche Bank Building

JSsocal · #**475** Posted **Sep 12, 2018, 2:18 PM**

Old news^ and that rendering has been confirmed as just a conceptual visualization by the Port Authority. There's no real plans to develop that site.

chris08876 · #**476** Posted **Sep 12, 2018, 9:25 PM**

Quote:

Originally Posted by JSsocal

Old news^ and that rendering has been confirmed as just a conceptual visualization by the Port Authority. There's no real plans to develop that site.

On a side note, based on that recent Silverstien interview, Foster's design is still in play., in theory, so long as it gets client that wants the designs characteristics and benefits.

IMO, 200 Greenwich is priority. 5 WTC could wait. The WTC complex is missing its crown jewel, and its not 1 WTC, but Tower 2!

Besides, plenty of other sites to look foward too. WTC is like aged Whiskey. Sits in a barrel, never touched, but one day, it'll be the most intoxicating and sweet moment. For now, we have the meth of Hudson Yards and 57th Street to go bonkers on... and boy does it give a rush. Nonstop cranes and towers for days!

NYguy · #**477** Posted **May 31, 2019, 9:13 PM**

https://www.crainsnewyork.com/real-e...de-center-site

Warring agencies reach deal to sell final World Trade Center site

May 31, 2019
DANIEL GEIGER

Quote:

Two state agencies that had been embroiled in a yearslong impasse over how to develop the last site at the World Trade Center appear to have resolved their differences and are planning to bring the parcel to market.

The Port Authority and the Lower Manhattan Development Corp. have reached a deal to release a request for proposals in the coming months for 5 World Trade Center, several people involved or familiar with the negotiations between the agencies told Crain's.

The parcel, which can accommodate over 1 million square feet of commercial or mixed-use development, could be worth hundreds of millions of dollars and is expected to draw attention from developers interested in raising an office, hotel or apartment spire, or a tower that could include all three uses.

The agencies would split the proceeds, but what percentage each would get is unclear.

Quote:

In an LMDC board meeting in March, Holly Leicht, who chairs the agency's board and is a real estate executive at the Empire State Development Corp., said the Port Authority and the LMDC would conduct independent appraisals of 5 World Trade Center. If the appraisals are within 10% of each other, the agencies would move forward with the request for proposals.

"After quite a lengthy period of time of negotiation, we executed a memorandum of understanding with the Port, the LMDC and the city to move forward on an RFP for Site 5, which will be our last major site to develop," Leicht said during the public meeting March 19, which has previously gone unreported. "The reason for the appraisal now is because there's a base value the Port wants to get for the land."

The appraisals are being concluded, a source said, and the Port Authority and the LMDC are negotiating on a benchmark value for the site that will allow the RFP process to proceed.

Quote:

The Port Authority and the LMDC had an agreement to transfer the site over to the Port's control as compensation for another parcel on the World Trade Center site that the Port handed over for a performing arts center now under construction next to 1 World Trade Center. But the two agencies wrangled for years over how the site should be developed. Port Authority executives insisted it be commercially developed; the LMDC's former president, David Emil, who vacated his role at the agency last year, argued that a component of residential space would yield more value. The Port Authority is not allowed to hold residential assets.

The RFP will allow developers to submit proposals for both. The site is part of a general project plan—a state zoning framework—that prohibits residential development on the site. The general project plan, however, could be altered by the board of the LMDC. The source said the site would likely be sold if it were to become residential. The Port Authority could opt for a ground lease if it's built as a commercial project.

The appraisals will only consider its potential as a commercial site.

Crawford · #**478** Posted **May 31, 2019, 9:24 PM**

Finally. 5 WTC has taken forever, thanks to Port Authority squabbling.

Highest and best use is likely a residential-hotel tower, and that was what was planned years ago, following the collapse of the Chase tower proposal. NY YIMBY had a rendering of a supertall residential a few years ago.

ClarkeRyan · #**479** Posted **May 31, 2019, 10:34 PM**

This site has been in limbo for so long I'd forgotten it existed at all. A surprise to be sure, but a welcome one. It would really be something if we ended up getting movement on this development before Silverstein's 2WTC.

NYguy · #**480** Posted **May 31, 2019, 10:53 PM**

^ Given the length of time it took the PA and the LMDC to get to even this point, not likely.

Quote:

Originally Posted by Crawford

Finally. 5 WTC has taken forever, thanks to Port Authority squabbling.

Highest and best use is likely a residential-hotel tower, and that was what was planned years ago, following the collapse of the Chase tower proposal. NY YIMBY had a rendering of a supertall residential a few years ago.

I disagree with that being the best use for the site. Residential/hotel can go anywhere in Manhattan. This site is one of the last sites for ground up new construction - unless everyone will be cool when we start demolishing buildings down there again, which we know they won't be. Even with the WTC not even entirely built, and still filling up with tenants, I think it's just shortsighted to seek residential. That being said, if we at least get a great design, ot even something more iconic on the lower Manhattan skyline, I'll say it was worth it. Let everyone else cry their usual tears a decade or two from now when the city has to take some type of initiative - midtown east style - to get developers to build. That may happen anyway.