June 26, 2019
Earlier this month, the Port Authority and the Lower Manhattan Development Corporation arrived at a deal to release a request for proposals for the development of 5 World Trade Center, Crain's reported. The two state agencies had been locked in negotiations over how to develop the last site, which lies at the World Trade Center's southernmost end, surrounded by Washington, Albany and Greenwich streets, for years; as a result, the site has remained in limbo. Today, Governor Cuomo officially released a Request for Proposals for the site, which allows for either commercial or mixed-use proposals for a roughly 900-foot-tall building. Any proposals putting forth a residential component must include "onsite affordable units that comply with New York City's Mandatory Inclusionary Housing program," according to a press release.
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