[NYguy]

Originally Posted by CoolCzech

None of the recent newspaper articles about the site even mentioned the possibility of a WTC 5 tower. Is there still official talk about the possibility of expanding the WTC complex, or will whatever gets built no longer be considered part of the Center?

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The Port Authority will take over the site after deconstruction is complete, and use it as a staging area for the vehicle security center being built beneath the trade center. As to future development, the authority said in a statement: “Whether it is office, retail, hotel, residential or some mix of those uses, that development should be market driven to ensure its highest and best use.”

The Port Authority has said they don't want to wait to develop the site. It will be a tower, they just haven't decided on exactly what form it will take.

http://dnainfo.com/20100625/manhatta...-deutsche-site

Port Authority Chief Doesn't Want to Wait a Decade to Develop Deutsche Site



June 25, 2010
By Julie Shapiro

A mixed-used skyscraper that provides residential living and shops, along with office space, should rise on the site of the Deutsche Bank building, Port Authority executive director Chris Ward said Friday morning.

Speaking a day after outgoing deputy mayor Rober Lieber said the Deutsche site should remain a hole in the ground for a decade while the office market recovers, the Port Authority chief said he saw no reason to wait to build Tower 5.

“We’re going to have to be flexible and creative downtown,” Ward told DNAinfo. “Let’s keep our options open to create the best possible project.”

Ward was responding to Dep. Mayor Robert Lieber’s statement on Thursday that the site for World Trade Center Tower 5 could stay vacant for the next decade, until the real estate market demands additional office space there.

Ward, though, said he envisioned that Tower 5 could follow in the footsteps of the Time Warner Center, which contains offices, condos, a hotel and retail space.