5 World Trade Center

In February 2021, The Lower Manhattan Development Corporation and The Port Authority of New York and New Jersey designated the partnership of Silverstein Properties, Inc. and Brookfield Property Partners as the developer for 5 World Trade Center. In July 2023, the project received approval from the state’s Public Authorities Control Board in July 2023 allowing it to move forward, making it the only residential building in the World Trade Center complex. The 930-ft building, designed by Kohn Pederson Fox, is slated to have approximately 190,000 square feet of office space, a 12,000-square-foot community facility space, 55,000 square feet of public amenity space, 7,000 square feet of retail space, and 1.2 million square feet of residential space divided into 1,160 apartments. Of these, 386, or a third of the total inventory, will be devoted to affordable housing. The development site sits to the south of the elevated Liberty Park and Santiago Calatrava‘s St. Nicholas Greek Orthodox Church, and is bound by Greenwich Street to the east, Albany Street to the south, and Washington Street to the west.