The last tower planned for the World Trade Center site is also its most unusual: a residential building, not an office one. 5 World Trade Center is designed as a 900-foot tower with about 1,200 apartments, a third of them permanently affordable, on the former Deutsche Bank site at the corner of the complex.
Project Scope
Silverstein Properties and Brookfield Properties lead the development, with Kohn Pedersen Fox designing the tower. The plan reserves 400 units as low- and middle-income housing, including homes set aside for people who lived and worked in Lower Manhattan during and after the 9/11 attacks. The Port Authority owns the underlying land.
Why It Matters
5 WTC would bring permanent affordable housing to the World Trade Center site for the first time, a real shift for a complex built around commercial towers. It’s also a lesson in cost: as of 2026 the project is paused while the partners and public agencies work out what’s financially possible after construction prices jumped. For another mixed housing project, see Willets Point. More from Silverstein Properties.
Project Team & Details
| Developer | Silverstein Properties / Brookfield Properties |
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| Owner / Client | Port Authority of NY & NJ |
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| Architect | Kohn Pedersen Fox (KPF) |
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| Status | On Hold |
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| Funding Source | Mixed |
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