Credit: Dbox.

5 World Trade Center Receives State Approval

New York Governor Kathy Hochul announced at a press conference that the KPF-designed mixed-use project would be proceeding, “taking an unprecedented step forward.”

The only residential project in the World Trade Center redevelopment, 5 World Trade Center will add almost 1,200 apartments to the Financial District, with a third of the units dedicated to low- and moderate-income residents, as well as 9/11 survivors and first responders. At a press conference announcing the project’s approval, Gov. Kathy Hochul shared how the project “reaffirms our commitment to a vital, vibrant Downtown Manhattan that understands that the vitality of this great city hinges on the ability to build more housing.”

The tower will rise 900 feet and feature a façade clad in a complementary palette of glass and masonry. The residential floors are organized as vertical neighborhoods organized around shared amenities. In addition to apartments, the project also features retail and office programming within the podium, and connects with a pedestrian bridge that links to Liberty Park to the north.

Read more about the project’s approval from The Real Deal here and The New York Times here.