NY issues RFP for World Trade Center Site 5 development
New York – Gov. Andrew Cuomo recently announced that the state is soliciting a request for proposals (RFP) to develop the World Trade Center Site 5. The Lower Manhattan Development Corporation and the Port Authority of New York and New Jersey issued the RFP, which calls for a developer to lease or purchase and redevelop the site for a commercial or mixed-use project up to 1.35 million zoning square feet and 900 feet in height. The submission deadline is September 20.
The General Project Plan may be modified for projects proposing any residential use; however, these projects must comply with New York City’s Mandatory Inclusionary Housing program.
The 33,000-square-foot site is one of two World Trade Center parcels that have yet to be developed. It is located in the center of the Financial District where the Deutsche Bank Building was previously. The PATH train system and more than a dozen subway lines offer access to the lot.