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Rival developers face off for rights to build at 5 World Trade Center

Two major development groups are battling it out over the last available site at the World Trade Center, according to sources involved in the bidding for the parcel.

Whereas Silverstein Properties and Brookfield submitted a project that favors residential development on the site, L&L MAG pitched building an exclusively-commercial and community-oriented tower designed by the architecture firm Studio Gang.

L&L MAG’s plan envisions a spire with high-end office space that would seek to look and feel distinct from the millions of square feet of competing office space at the World Trade Center site and feature a substantial component of community space in the base of the spire, which could be used for a prominent academic or medical use.

The Silverstein and Brookfield project would include only a small portion of commercial space. Its large residential component, which could amount to 1.1 million square feet under the guidelines set for the bid by the Port Authority, would be required to allot 25% to 30% of the apartment space for affordable housing.


The Port Authority has not specified when it will choose a winner for the property. The developers could bid to either lease or buy the site outright.”

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https://www.crainsnewyork.com/real-e...d-trade-center