Lower Manhattan Development Corp.

YIMBY Checks Up On The World Trade Center Site Upon The 20th Anniversary of 9/11, In Financial District

8:00 am on September 11, 2021 By Michael Young

As New York City and the United States remembers and commemorates the 20th anniversary of 9/11, YIMBY once again takes a look at the sacred 16-acre World Trade Center site, which holds the two square footprints of the former Twin Towers that are part of the 9/11 Memorial and Museum. We focus on the active and ongoing construction of the Ronald O. Perelman Performing Arts Center, St. Nicholas Greek Orthodox Church, and the current state of Two and Five World Trade Center. All of which are, or are around, the former trapezoidal superblock that held six of the original World Trade Center buildings bound by West, Vesey, Church, and Liberty Streets.

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

8:00 am on February 13, 2021 By Michael Young

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.

Pier 26 overlook - Max Guliani for Hudson River Park

Pier 26 Officially Opens to the Public in Tribeca

7:30 am on October 1, 2020 By Sebastian Morris

This week, the Hudson River Park Trust officially opened Pier 26 in Tribeca, the first new public pier to debut within Hudson River Park this decade. Designed by landscape architect OLIN, the pier will serve multiple uses including public recreation, educational programming, and ecological support for plant species native to the island of Manhattan.

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

7:30 am on June 4, 2019 By Sebastian Morris

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.

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

7:30 am on December 17, 2018 By Michael Young

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.

Night rendering of the Ronald O. Perelman Performing Arts Center at the World Trade Center, seen from the southeast. Rendering by REX

Design Unveiled for Ronald O. Perelman Performing Arts Center at the World Trade Center

4:10 pm on September 8, 2016 By Evan Bindelglass

The rebuilding of the World Trade Center took a big step forward Thursday morning. Officials unveiled the design for the Ronald O. Perelman Performing Arts Center at the World Trade Center. It was also announced that Barbra Streisand will chair the new center.

Request for Proposals Launched to Transform Allen Street Pedestrian Mall Into Food Facility, Lower East Side

6:30 am on July 22, 2016 By Reid Wilson

The Parks Department and the Lower Manhattan Development Corporation have launched a request for proposals (RFP) to redevelop the long-vacant, single-story Allen Street pedestrian mall, the former public bathroom located at the intersection with Delancey Street on the Lower East Side. As disclosed earlier this year, the city hopes a developer or business can convert the little building into a “food service facility,” DNAinfo reported. Community facilities are apparently not being considered at this time. Repairs to the structure will have to include significant work to the roof, walls, and floors, in addition to the replacement of door and windows, and the installation of necessary infrastructure. The restaurant and/or food vendor may also include outside seating. Proposals are due September 15, and the city expects to select a team in early 2017.

World Trade Center Performing Arts Center Gets $75 Million Donation, Renaming

6:00 am on July 1, 2016 By Reid Wilson

Billionaire Ronald Perelman has pledged to donate $75 million to resurrect plans for the World Trade Center‘s Performing Arts Center, to be located at 70 Vesey Street in the Financial District. That’s the patch of land bound by Vesey, Greenwich, and Fulton streets, once home of the WTC’s temporary PATH station. The three-to four-story, 80,000-square-foot complex, now dubbed the Ronald O. Perelman Performing Arts Center at the World Trade Center, will eventually boast three theaters. They will each seat 499, 299, and 100 people, but will have the ability to be reconfigured into a single 1,200-seat theater, according to the New York Times. Brooklyn-based REX Associates is responsible for the design. Perelman’s donation will be combined with $100 million already awarded by the Lower Manhattan Development Corporation (LMDC). The project is reportedly expected to cost $240 million in total, although the the LMDC said last year it will cost no more than $200 million. Groundbreaking is set for 2018.

Pier 42 Park Project Lands $19 Million More In Funding, Lower East Side

6:00 am on March 22, 2016 By Reid Wilson

Back in 2012, the Lower Manhattan Development Corporation (LMDC) secured $16 million in funding to build Pier 42 park, located between FDR Drive and the East River on the Lower East Side. Curbed reports the project has now received more complete financing in the form of $12 million more from the LMDC in addition to $7 million via settlement funds recently distributed by Gov. Andrew Cuomo. Once complete, the public space will include landscaped lawns and gardens, an esplanade, a bike path, playgrounds/play areas, a concession station, and a pavilion. Mathews Nielsen Landscape Architects is designing. Phase one, which largely focuses on remediating and pedestrianizing the pier, is expected to begin in 2017. A former cargo warehouse must first be demolished.

Former Allen Street Bathroom Facility Could Be Converted To Food Concession, Lower East Side

1:00 pm on February 17, 2016 By Reid Wilson

The city is expecting to launch a Request for Proposals (RFP) this March to redevelop the long-vacant Allen Street pedestrian mall (public bathroom), located at Delancey Street on the Lower East Side, into a food concession facility. The Low-Down reports the city’s Parks Department is hoping a restaurant operator will lead renovation on the single-story structure, although already $2 million has been raised for the project. Other considerations for the building include community facility space, a library, a visitor’s center, or a return to the facility’s original use of bathrooms. The Lower Manhattan Development Corp. is also invested in the project.

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