Lower Manhattan Development Corp.

Five World Trade Center’s 900-Foot-Tall Redesign by Kohn Pedersen Fox Revealed, in Manhattan’s Financial District

In an exciting reveal for the ongoing redevelopment and rebuilding of the World Trade Center, Kohn Pedersen Fox has unveiled the first set of renderings for its proposed 900-foot-tall design for Five World Trade Center, aka 130 Liberty Street. The Port Authority of New York and New Jersey selected the winning bid at a board meeting on Thursday afternoon to allow Silverstein Properties, Brookfield Properties, Omni New York LLC, and Dabar Development Partners to lease the 1.56-million-square-foot mixed-use building under a 99-year ground lease.

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5 World Trade Center, via YIMBY Reader

City Agencies Broker New Deal With Developers to Bring 5 WTC to Market

State agency The Port Authority and Lower Manhattan Development Group have agreed to issue a joint RFP and divide proceeds generated from the development of 5 World Trade Center. A lengthy dispute between the parties had prevented any progress on the final remaining site within the World Trade Center complex, though it still remains unclear what future property will rise from the parcel, which could yield a tower spanning over one million square feet.

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The World Trade Center’s Perelman Performing Arts Center Receives $89 Million in Funding

Last week, The Perelman Center received $89 million in funding for the construction of the future Performing Arts Center at the World Trade Center. The funds came from the Lower Manhattan Development Corporation (LMDC), and the U.S. Department of Housing and Urban Development (HUD), and up the total amount of construction costs now covered to 82 percent. The building will be designed by REX Architecture, and will rise 138 feet tall. The inside will be constructed with a steel structural system. It will hold multiple theaters and performance spaces within, while the exterior will be faced in a signature marble envelope on all four sides.

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