Posted Jun 26, 2019, 4:48 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 52,787
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https://ny.curbed.com/2019/6/26/1875...roposals-cuomo
5 World Trade Center site could sprout 900-foot residential tower
By Amy Plitt@plitter
Jun 26, 2019
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The rumors were true: Gov. Andrew Cuomo and the Port Authority announced Wednesday that a request for proposals (RFP) has been issued for 5 World Trade Center—one of the last unfinished pieces of the World Trade Center site.
The RFP, issued by the Lower Manhattan Development Corporation (LMDC) and the Port Authority, calls to develop more than 1 million square feet, which could be used for commercial space (offices, a hotel, convention center, and the like) or as a residential building. In either case, a new structure could rise up to 900 feet.
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In order to build residential, the state would have to amend the general project plan (GPP) that governs development of the WTC site; it’s currently zoned by the city for commercial use, but the GPP overrides the city’s zoning code. If a developer wanted to build residential, they would be allowed 1.1 million square feet for housing, with the remainder given over to community facilities and retail. Any residential development would also have to include affordable housing as dictated by the city’s mandatory inclusionary housing (MIH) requirements. (A part that’s underlined in the RFP: “all affordable housing units must be located onsite.”)
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The RFP also has strict requirements for applicants: Per the document, respondents must fit these qualifications:
At least two (2) high-rise development projects in comparable urban locations in the last ten (10) years; and at least two (2) projects in the last seven (7) years for which the Respondent or Respondent Team members acted as a developer and/or principal operator of buildings incorporating all proposed uses.
At one point, JP Morgan was considering building a skyscraper at the site, which abuts Liberty Park, but those plans fell apart more than a decade ago. In the years since, the Port Authority maintained that it has no plans for 5 WTC—until now, anyway.
“This project will create jobs, spur economic growth and bring us one step closer to completing Downtown’s rebirth, reflecting New York’s courage and determination in the face of this tragedy,” Cuomo said in a statement.
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Here's the RFP...
https://esd.ny.gov/sites/default/fil...P_20190626.pdf
https://www.crainsnewyork.com/real-e...x-out-900-feet
5 WTC to max out at 900 feet
RYAN DEFFENBAUGH
June 26, 2019
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Gov. Andrew Cuomo announced Wednesday that the state is seeking proposals from developers to build what could be a 900-foot commercial tower on site 5 of the complex. Crain's reported last month that the two warring entities that control the site were ready to move forward with selling it.
The Port Authority of New York and New Jersey and the Lower Manhattan Development Corporation had been locked in a years-long battle over how to best develop the site, which is surrounded by Washington, Albany and Greenwich streets. The requests for proposal from the two agencies calls for a developer to purchase or lease the site for a commercial use that can be up to 1.3 million square feet.
That square footage could be used for an office tower, or an 800-key hotel with a convention center and retail. The RFP raises the possibility of a residential or mixed-use tower for the site but notes that would require an override of the General Project Plan that governs the site. The residential project would have to include affordable units, Cuomo noted.
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Cuomo's announcement also included a status report on the rest of the World Trade Center site: Towers at 3 and 4 World Trade Center have opened; construction on Silverstein Properties' 2 World Trade Center office tower is still pending an anchor tenant; and One World Trade Center is 83% leased, while 4 World Trade Center is fully leased and 3 World Trade is about half-leased.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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