NEW YORK | 5 World Trade Center | 920 FT | FLOORS

[SkyHigher]

Originally Posted by NYguy

The height limit is 900 ft.

I'll drop Larry a line then. Hopefully he won't be having a convenient dentist appointment at the time.

[chris08876]

Originally Posted by SkyHigher

I'll drop Larry a line then. Hopefully he won't be having a convenient dentist appointment at the time.

The 2 WTC progress is like getting a multiple tooth extraction on a tooth thats infected, with two dry sockets, and with no Novocaine, laughing gas or anesthesia. Its excruciating.

Kinda sad that we will probally see 5 WTC rise before 2 WTC. Meanwhile, the rest of NY booms. I mean Tower Fifth, the rubbish called Tower Fifth, is on its way to rise soon.

[NYguy]

Originally Posted by Zapatan

I think he meant theoretically. Something very tall would complement the other towers better than a 900 footer IMO.

The spiral idea is lame, multiple peaks in a cluster is where it's at.

We're talking real world here, not theoretically. There's no need to get your hopes up for a 1,200 ft + tower when you know the height limit is 900 ft. That's just, well I won't say it.

Originally Posted by SkyHigher

I'll drop Larry a line then. Hopefully he won't be having a convenient dentist appointment at the time.

Larry has nothing to do with this.

[wsag]

"Latest World Trade Center development plans leaves long-time neighborhood residents uncertain about their Lower Manhattan future"

[Possible emerging CB1 and local community opposition to a residential tower at 5WTC...]

By LARRY MCSHANE | NEW YORK DAILY NEWS | JUL 14, 2019 | 7:30 AM

https://www.nydailynews.com/new-york...yqzeQ-iMom6KWU

Kathleen Moore watched the 9/11 terrorist attack from her 10th floor window just south of the World Trade Center, and escaped the ensuing toxic miasma. She’s lived through 18 years of site construction, and survived a 2016 apartment fire.

The 79-year-old Moore, along with many of her Lower Manhattan neighbors, now faces a different but daunting challenge: Local redevelopment. And she’s not so sure about emerging unscathed this time.

“If you think about it, you’ll cry," the genial Moore said over coffee at her Cedar St. loft, with its hardwood floors and view of the Hudson River. "Who knows what the future is going to bring? This was such a wonderful place to live through it all.”

Fears of demolition and displacement began when the Lower Manhattan Development Corp. issued a request for proposals (RFP) last month for 5 World Trade Center, site of the long-gone Deustche Bank and one of the area’s last undeveloped swaths of land.

[C.]

^ OMG. What is there to cry about? It's a vacant site -- no one is being displaced. Or do I have that wrong?

A large-scale residential or hotel development would be perfect here. An entirely office district leads to a deadzone after hours and weekends. My quality of life improvement would be to bring the people.

[chris08876]

Originally Posted by C.

^ OMG. What is there to cry about? It's a vacant site -- no one is being displaced. Or do I have that wrong?

Ants are being displaced. Ants that live in the soil, and NY rats that bury their loot that they stole from restaurants that where closed by the Health and Mental Hygiene Department.

[NYguy]

Originally Posted by C.

^ OMG. What is there to cry about? It's a vacant site -- no one is being displaced. Or do I have that wrong?

No, you have it right. People whine about everything. They were whining when the towers weren't being built fast enough, and now that a plan is taking shape, they're whining about that.

“Everything about the RFP process screams a preference toward major developers already long in the know,” said community activist Todd Fine.

Yeah? Well who else is going to build the tower Todd? You?

“It’s quite remarkable how wide the sentiment was after 9/11, that this was an attack on all New Yorkers and the development shouldn’t be for the rich,” he recalled.

They should put a housing project on site, and see how they like it then. You see, they don't want the rich, but they don't want the less well off than themselves either. They are the rich to many people across the city.

Moore, who moved into her downtown home in 1977, bemoaned the “lack of transparency in planning ... the process must slow down and get visible.”

Yeah, the process hasn't been slow enough. It's only been 18 years since 9/11. At this rate, they'll build something before the next century. Wouldn't want that would we?

Esther Regelson, 60, moved into her five-story Washington St. apartment in the late ’80s. She remembers when the neighborhood was an afterthought for Manhattan developers.

“They see dollar signs now‚” said Regelson. “You know, ‘Here’s a great opportunity — this neighborhood.’ The space has been neglected in some fashion over the years, and now they think they can come in and build as high and wide as they want to."

Yes, Esther. They should build as high and wide above your apartment as possible. These people are so privileged. Someone needs to tell them they don't own the WTC. And if they don't like what's being built, they can just move dammit.

[NYguy]

https://www.amny.com/real-estate/wor...r-5-1.33878329

Evolving World Trade Center plans, including possible residences, cause controversy

By Sarina Trangle
July 15, 2019

The last available parcel on the Freedom Tower campus has generated a world of controversy in downtown Manhattan.

Local residents said they should have been clued in before the government broadened the scope of what could be built on the former Deutsche Bank lot, where a 900-foot commercial tower had been envisioned, and that profits from the development should benefit the community.

And while downtown residents are divided on the merits of a residential project, nearly all expressed concern that the setup may profit a development corporation created to spearhead rebuilding after the Sept. 11 attacks, with no detailed plans for how the money would be invested locally. Community benefits such as affordable housing should be prioritized upfront, they said.

"Something shoddy is likely to come out of this," said Todd Fine, president of the Washington Street Advocacy Group, referencing the request for proposals and a memorandum of understanding between several government entities he received through a Freedom of Information Law request.

The way the deal is structured "seems to be just about money," he said, adding that "If (Lower Manhattan Development Corp.) has another $100 million to throw around, shouldn't there be a little bit more democratic influence on that 20 years after 9/11?"

Previously, the government envisioned five commercial towers encircling the Sept. 11 memorial, with Tower One reaching the greatest height — 1,776 feet — and each of the other towers topping out at lower and lower altitudes, concluding with the project in question, Tower Five, reaching 900 feet.

While soliciting proposals, Empire State Development noted in a news release last month that it was open to mixed-use projects because of an influx of office space nearby and the need for more housing in the area. Anything beyond commercial development, however, would require modifying the formal development blueprint and going through an environmental review.

Mary Dierickx, a historic preservation consultant who has lived downtown for four decades, would welcome housing, which she believed would cultivate a sense of neighborhood more than another office or hotel.

Notaro and others reiterated a belief that more should be done to build affordable apartments or other sought-after public hubs, such as a school or library.

"I would just like to see a better, a stronger commitment by the politicians that we want proposals that do benefit downtown," said Fine.

Jane Meyer, a mayoral spokeswoman, said City Hall worked to ensure that any residential development plans would abide by the city's affordable housing program rules.

But the prospect of more residences, and the strain of trash and traffic that comes with them, was not welcomed by Mary Perillo, an outreach worker for the World Trade Center Health Program, who has lived in the area for nearly 40 years.

"After they have … billions and billions of dollars spent on things like the Oculus — how many acres of marble is that — they're going to go for the highest bidder," said Perillo. "They don't care what happens to residents."

It's amazing the amount of development that takes place in this city, considering the amount of NIMBY bullshit you have to get through to do anything. That makes it even more impressive.

[chris08876]

I don't see what the problem is with this being residential and these "local residents concerns" are when not to far from the WTC complex, you have residentials rising. Not to mention conversion of older office stock to condos.

Lower Manhattans residential population has risen dramatically in the last 10 years, and now they act surprised that if more residential, its a bad thing? Where were these blood suckers when everything else was rising that helped push the population to over 80k for the node?

Its silly that they would express concern for this. Meanwhile, the cranes continue not to far from this location.

I really think its just because of the name. World Trade Center. Its all a game of PR on their part. They never attacked 99 Church, or 5 Beekman, or 8 Spuce or 130 William, or 111 Murray... or any of the budget crap rising on water street, but now... NOW is the time to come out and attack a great development opportunity.

[Barbarossa]

I didn't even know there were NIMBYs in lower Manhattan. I guess it only takes a few people complaining about something to make a news story though.

On a random side note this would be an awesome site to rebuild the Singer Building and City Investing Building.

[jsbrook]

These people...wut? What are they even talking about? These complaints are even more nonsensical that the standard NIMBY opposition.

[Zerton]

Originally Posted by Barbarossa

I didn't even know there were NIMBYs in lower Manhattan. I guess it only takes a few people complaining about something to make a news story though.

Reminds me of the Starbucks Christmas cup "controversy" every year. "Journalists" just sift through twitter for what they need and screenshot the tweets (that rarely have more than 10 likes) to prove their point in their articles.

Originally Posted by Barbarossa

On a random side note this would be an awesome site to rebuild the Singer Building and City Investing Building.

Hot take: The Singer Building wasn't that great and doesn't deserve to be rebuilt. I'm not even that upset that it's gone. Now crucify me.

[NYguy]

https://www.ny1.com/nyc/all-boroughs...-of-apartments

World Trade Center Site Could Get 1.1 Million Square Feet of Apartments

By Michael Herzenberg
Jul. 24, 2019

Developers are gathering information to make their pitches to build on the final plot of the World Trade Center site and, for the first time, apartment units may be built.

Officials opened up the possibility for residential development at 5 World Trade Center in a Request for Proposals.

5 World Trade Center is now a parking lot and command center for the Port Authority Police. This week, though, more than a hundred visitors walked around inside the gated area. They were developers, construction companies, engineers and architects.

It’s a very exciting opportunity," said Carrie Villani with LERA Consulting Structural Engineers, "All the designs will have to be really carefully considered."

Many developers say they have a big decision to make, either propose building another commercial tower or, for the first time, a mixed use structure that includes residential apartments.

“I know there's going to be some residential development component here,” said Elizabeth Velez of the Velez Organization. “We’re looking to bolt on to the best team that’s out here." Her family founded the Construction and Management Company that actually did work on the Twin Towers in the 1970's.

This project could include more than a million square feet of apartment units and at least 20% of them would have to be set aside on site as affordable units.

"What we've decided with the Port Authority, who really has the right to build that building, is that we should go out there and test the market," explained Lower Manhattan Development Corporation Chair Holly Leicht, "because we’ve heard a lot that there is an influx of a lot of office space, and this is a community that wants more mixed use, and would like some residential and particularly some affordable housing as well."

The structure could rise a maximum of 900 feet. That’s about half as tall as One World Trade Center, including the spire.

5 World Trade Center sits just south of Liberty Park and the Saint Nicholas Greek Orthodox Church. Just north of that are where the reflecting pools reside.

5 World Trade Center is on the location of the old Deutsche Bank. The building sustained significant damage during the September 11 terror attacks. Then in 2007 a massive fire broke out killing two fire fighters. The demolition process after the blaze took four more years to complete.

“We don’t want somebody to buy the site and then sit on dirt," said the Port Authority's head of Real Estate, Mark Spector. "We want something to happen,” he told Manhattan Community Board 1 last week.
The Port Authority of NY and NJ and the Lower Manhattan Development Corporation explained to CB 1 what’s next. The board has not taken a position, but some members have.

"We need more affordable housing. That's the reason why I’d prefer to see housing," said CB 1 member Patricia Moore, who is also a long time resident of the area.”

The site is already cleared for a commercial structure, but if the Committee to be formed by the Lower Manhattan Development Corporation and the Port Authority chooses a residential plan, there will have to be a lengthy process of public hearings that includes an environmental impact study. It's something some community board members and residents say is needed.

"This is an opportunity for really big location to really have some thoughtful planning on how it integrates into the surrounding,” said CB1 member and Battery park City resident Tammy Meltzer.

"Is that what’s missing from the World Trade Center site so far, or no?” I asked her. Meltzer answered, "Absolutely."

The deadline for developers to get their pitches in is September 20. Officials say they’ll likely pick a winner by the beginning of the new year.

[chris08876]

Blank Slate: What Will Finally Rise on the Last World Trade Center Site?

It’s the 900-foot-high question. What towering edifice—commercial or residential—will finally rise on the last remaining parcel of the World Trade Center site?

Up for grabs is Site 5, a 33,000-square-foot piece of prime Lower Manhattan real estate, just south of Liberty Park. The Deutsche Bank Building, badly damaged on 9/11, stood there until its demolition was finally completed seven years ago.

The Port Authority and Lower Manhattan Development Corp. (LMDC), who are in charge of the site, recently put out a request for proposals to developers hoping to build either a commercial or mixed-use residential building there.

[...]

“We’re testing the market, which is why we didn’t put more restrictions and parameters [in the request for proposals],” said LMDC board chair Holly Leicht, who appeared before Community Board 1’s Executive Committee last month to explain the decision-making road ahead for the site. “Other than affordable housing, we wanted to keep it pretty open-ended to see what could work.”

“Is it going to be more valuable as a residential site or will it be commercial?” she said. “We don’t know.”


Without public review, a commercial building of up to 1.35 million square feet could be built on the site As a hotel, it could have as many as 800 rooms and 150,000 square feet of convention space, plus 45,000 square feet of retail.

A residential building, on the other hand, would require months of public review—and, as Leicht noted, would be scrutinized by a newly formed Community Advisory Committee of elected officials, their appointees, and a CB1 representative, as well LMDC and Port Authority officials. An environmental review would also be required.

===================
http://www.tribecatrib.com/content/b...de-center-site

[chris08876]

Silverstein, Brookfield Consider Joint Bid to Develop 5 WTC

Silverstein Properties and Brookfield Properties, two of downtown’s biggest landlords, are considering partnering up on a proposal to develop one of the World Trade Center’s (WTC) last remaining vacant sites, according to sources familiar with the plan.

The firms are considering a joint bid to develop WTC Site 5, the sources said, though they declined to provide further details. The massive plot formerly housed the Deutsche Bank Building, which was heavily damaged in the September 11th terrorist attacks and ultimately torn down in 2007.

Several other major developers are also rumored to be submitting proposals for Site 5, including Durst Organization, Tishman Speyer, Vornado Realty Trust and Normandy Real Estate Partners, according to sources familiar with the process.

The Empire State Development Corporation (ESD) released a request for proposals (RFP) for the site in June and has set an upcoming September 20th deadline for bids.

While Silverstein and Brookfield have operated neighboring properties in downtown Manhattan for decades, a partnership of this sort would be new territory for the two firms. Spokespeople for Silverstein and Brookfield declined to comment on their plans for 5 World Trade.

Silverstein oversees much of the World Trade Center site via a master lease from the Port Authority of New York & New Jersey, which owns all of the WTC land except for Site 5. Silverstein has developed and owns 7 WTC, 3 WTC and 4 WTC. It also controls the yet-to-be-developed 2 WTC site, where plans for an anchor tenant have fallen through more than once. Brookfield, meanwhile, manages the sprawling commercial development and mall next door known as Brookfield Place.

Durst is also a major player at WTC because the company built and continues to manage 1 WTC jointly with the Port Authority.

The who’s who of the New York development world have about three weeks left to submit plans that align with the ESD’s vision for WTC 5.

The site can accommodate up to 1.3 million square feet of mixed-use development, including as much as 1.1 million square feet of residential space, according to the RFP. The lot is currently zoned for commercial uses, including offices, an 800-key hotel, 150,000 square feet of convention space and 45,000 square feet of retail. Buildings could also reach up to 900 feet in height.

=================
https://commercialobserver.com/2019/...develop-5-wtc/

[Zapatan]

The 900 foot limit is kind of a bummer, unless it looks really really cool

[chris08876]

Hopefully the design is in tune with the rest of the complex.

[chris08876]

Still no solid evidence of movement on 2 WTC.

= = = = = =

A spokesperson for Silverstein Properties commented on new developments at the World Trade Center Complex.

YIMBY: What’s the latest on progress for 2 WTC?

Silverstein Properties: No update on 2 WTC. Currently the base of the building contains mechanical equipment that services both the Oculus below grade, and it is covered in street art.


Y: What about 5 WTC?
S: No updates, the Port Authority is managing a request for proposals for 5 WTC.


Y: Is anything else exciting happening at the site at the moment?
S: 3 WTC is leasing quickly. We recently signed a lease with a law firm that brings the building close to 60 percent leased. Other tenants signed this year include Casper, Diageo, Better Mortgage, and Hudson River Trading. 4 WTC is 100-percent leased with Spotify as the anchor tenant. 7 WTC is also 100-percent leased with recent leases from Moet Hennessey and Zola, the wedding registry company. A lot of creative companies are moving to the WTC. Today the transit lobby of 3 WTC will open, allowing 3 WTC tenants in-building access to the Oculus and the transit network.

[...]



No announcement has been officially made on which design and proposal for Two World Trade Center will be selected. An anchor tenant is still needed in order for work to resume.

============
NYY

[chris08876]

Shame this commitment couldn't occur at 2 WTC.

= = = = = = = = =


Uber set to sign massive lease at 3 World Trade Center

Ride-hailing juggernaut Uber is about to sign a massive lease at 3 World Trade Center, where it will relocate its New York headquarters, according to a new report.

The deal will give the ride-hailing app seven floors, totaling more than 300,000 square feet, with an option to take an eighth floor for an additional 50,000 square feet, Crain’s New York Business reported on Friday.

The expansion comes as Uber struggles to raise its stock price after pricing its shares in a May initial public offering at $45 — below expectations. The stock closed Friday down 2.4% to $33.25 a share, giving Uber a market value of $56.5 billion.

Crain’s reported that the San Francisco-based company — with offices in Chelsea and Times Square, as well as outposts in Brooklyn, the Bronx and Long Island City — plans to consolidate several locations at the space.

Crain’s said rents at 3 WTC are in the high $80s per square foot, reflecting rising demand for commercial property in lower Manhattan.

The building’s largest tenant, with 700,000 square feet, is GroupM — the world’s largest advertising media company by billings.

================
https://nypost.com/2019/09/13/uber-s...-trade-center/

[Zapatan]

Yea good news for 3WTC but it makes me wonder if 2WTC will ever see the light of day. I guess it makes more sense for them to lease in an existing building though.

Larry wants to see it happen in his lifetime and he's an old man, I hope he gets his wish