Port Authority negotiating with developers for new World Trade Center tower

The proposed 5 World Trade Center, which would be built the site of the former Deutsche Bank building in Lower Manhattan, may rise sooner than expected. Port Authority officials have voted to negotiate a lease with Brookfield Properties and Silverstein Properties to develop it. If all goes as expected, a 2023 groundbreaking is possible.

Five World Trade Center would be mostly residential, containing 34 floors of rental apartments, some of which would be affordable housing. A dedicated community space is planned, and six floors of office space are proposed, reports Larry Higgs for NJ Advance Media.

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