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  #481  
Old Posted Jun 1, 2019, 6:57 PM
matt19215 matt19215 is offline
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https://therealdeal.com/2019/05/31/f...ween-agencies/


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The property can accommodate a project of more than 1 million square feet and could go for hundreds of millions of dollars.
1 million sqf, that seems like alot for the small plot
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  #482  
Old Posted Jun 1, 2019, 7:42 PM
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Originally Posted by matt19215 View Post

1 million sqf, that seems like alot for the small plot

It will hopefully be very tall and narrow. I hope they forget about the whole spiral effect for the whole site because I think it would look good taller than 4WTC (having peaks on both sides of the complex would be cool).
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  #483  
Old Posted Jun 2, 2019, 2:19 AM
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Perhaps I'm in the minority here, but I hope that they just build a low-profile office tower a-la 7WTC, to complete the spiral effect. I'm not to keen on seeing something that could possibly obstruct the views of 1WTC from certain angles in the south.
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  #484  
Old Posted Jun 5, 2019, 2:49 AM
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City Agencies Broker New Deal With Developers To Bring 5 WTC To Market



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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.

According to Crain’s New York, which first broke the story, The Port Authority and LMDC will conduct independent appraisals of 5 World Trade Center. If the appraisals are within 10 percent of each other, the entities will officially move forward with RFPs.

LMDC first purchased 5 World Trade Center, formerly referred to as 130 Liberty Street, after the 9/11 attacks. Considering the extensive damage and contamination, the property was deemed unfit in its existing state to accommodate any redevelopment and was demolished. The Port Authority, however, still retained a partial stake in the site and could not agree with LMDC on its future use. LMDC’s former president David Emil sought to redevelop the plot of land for residential use, but according to regulations, The Port Authority is not allowed to retain residential assets.

If plans to issue an RFP move forward, developers will be invited to submit proposals that include both residential and commercial use. According to Crain’s, the site would most likely be sold if a residential plan was selected as the winning bid. In that event, The Port Authority retains the option to lease the commercial portion of the property.
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  #485  
Old Posted Jun 26, 2019, 4:48 PM
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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


Quote:
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.”)
Quote:
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.


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

Quote:
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.
Quote:
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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  #486  
Old Posted Jun 26, 2019, 5:13 PM
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I really hope that an office tower is not built there that will compete with 2 WTC.
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  #487  
Old Posted Jun 26, 2019, 8:19 PM
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Makes much more sense to go residential.
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  #488  
Old Posted Jun 27, 2019, 1:42 AM
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Per CBS NY news, submissions for the new tower are due 9/20/2019.

On a side note, if they are looking for residential, and use 1.3 mil-sq ft of it, this will have quite a ton of units in it, even if 900 ft. Hopefully though we get something bigger, but residential @ that square footage, I'd still take it. Tons of units could be added.
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  #489  
Old Posted Jun 27, 2019, 2:05 AM
BXFrank BXFrank is offline
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Unlike commercial buildings which are bulky and prominent, Residential towers these days are tall and skinny to maximize views, that’s the only thing I’m concerned about.
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  #490  
Old Posted Jun 27, 2019, 5:34 PM
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Originally Posted by Submariner View Post
Makes much more sense to go residential.
Yeah. Combo hotel/residential to compete with Hudson Yards.
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  #491  
Old Posted Jun 27, 2019, 9:12 PM
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900ft? Pffffft! Be great if they made it a similar height to 1WTC as from the North and South from a good distance due to 5WTC's position they could almost be twins ;D
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  #492  
Old Posted Jun 27, 2019, 9:57 PM
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Originally Posted by SkyHigher View Post
900ft? Pffffft! Be great if they made it a similar height to 1WTC as from the North and South from a good distance due to 5WTC's position they could almost be twins ;D
I know, I've never liked the spiral that much, personally I think a 1,500+ footer would go great with the WTC in that location.

I hope it looks nice in any case. Once this and tower 2 get built the WTC will look pretty amazing.
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  #493  
Old Posted Jun 28, 2019, 2:45 AM
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Originally Posted by JMKeynes View Post
I really hope that an office tower is not built there that will compete with 2 WTC.
It really wouldn't compete with 2 WTC in terms of tenants, no more so than towers 7, 3 and 4 competed. This tower also wouldn't require the large tenant to get started that tower 2 does, which would be twice the size.



Quote:
Originally Posted by chris08876 View Post
On a side note, if they are looking for residential, and use 1.3 mil-sq ft of it, this will have quite a ton of units in it, even if 900 ft. Hopefully though we get something bigger, but residential @ that square footage, I'd still take it. Tons of units could be added.

They are basically sticking with the site plan, which called for the towers to spiral downward in height. There was no way this thing was going to be taller than even 4 WTC unless they let go of all of that.




















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  #494  
Old Posted Jun 28, 2019, 1:49 PM
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Originally Posted by Zapatan View Post
I know, I've never liked the spiral that much, personally I think a 1,500+ footer would go great with the WTC in that location.

I hope it looks nice in any case. Once this and tower 2 get built the WTC will look pretty amazing.
How about if the WTC2 Big design still gets built, they could use the Fosters design for WTC5? If only.....
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  #495  
Old Posted Jun 28, 2019, 2:37 PM
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Originally Posted by SkyHigher View Post
How about if the WTC2 Big design still gets built, they could use the Fosters design for WTC5? If only.....
At 900 ft?
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  #496  
Old Posted Jun 28, 2019, 6:11 PM
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Originally Posted by NYguy View Post
At 900 ft?
No much taller. 900ft is laughable considering.
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  #497  
Old Posted Jun 28, 2019, 10:07 PM
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Originally Posted by SkyHigher View Post
No much taller. 900ft is laughable considering.
The height limit is 900 ft.
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  #498  
Old Posted Jun 29, 2019, 6:21 PM
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Just some more pages from the proposal pdf.













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  #499  
Old Posted Jun 29, 2019, 6:55 PM
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Sucks for 125 Greenwich buyers who will have their views blocked.
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  #500  
Old Posted Jun 29, 2019, 7:02 PM
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Quote:
Originally Posted by NYguy View Post
The height limit is 900 ft.
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.
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