5 World Trade Center

5 World Trade Center, also called 130 Liberty Street, is a planned skyscraper at the World Trade Center in Lower Manhattan, New York City. The site is across Liberty Street, to the south of the main 16-acre (6.5 ha) World Trade Center site.

The new building has the same name as the original 5 World Trade Center. That earlier building was badly damaged when the North Tower fell during the September 11 attacks. It was later taken down. Other pages cover the Deutsche Bank Building, which used the same address, and the original 5 World Trade Center (1970–2001).

In June 2007, JPMorgan Chase announced plans to build the headquarters of its investment division, J.P. Morgan & Co. on the site. However, after JPMorgan Chase bought Bear Stearns in March 2008, the company moved J.P. Morgan to 383 Madison Avenue. In June 2019, the Port Authority and Lower Manhattan Development Corporation agreed to send out a joint request for proposal (RFP) for the site.

In February 2021, it was announced that the new 5 World Trade Center will be built by two companies working together. They are Silverstein Properties and BGRE, which used to be called Brookfield Properties.

As of February 2021, a new design has been shared for the building. It calls for a mixed-use tower with 1,560,000 square feet (145,000 m²) of space. It will be 910 feet (280 m) tall.

Original building (1970–2001)

5 World Trade Center (5 WTC) was a nine-story office building with a steel frame. It was built in 1970–72 at the World Trade Center site in New York City. Minoru Yamasaki and Emery Roth & Sons designed it. The building was 118 feet (36 m) tall and had a black outside. It was L-shaped and stood on the northeast corner of the site. Its underground space connected to the Chambers Street and World Trade Center subway stations. It also held The Mall at the World Trade Center. The largest Borders bookstore in New York City filled three floors. In 1984, artist Joanna Gilman Hyde painted a large temporary artwork called "Self Organizing Galaxy" on the roof.

During the September 11 attacks in 2001, 5 WTC was the least damaged building in the whole complex. Some floors, from 4 to 9, were partly collapsed and damaged by fire. This was caused by steel and other debris from the North Tower and by fires. A piece of the fuselage from United Airlines Flight 175 landed on the roof. The Port Authority took down the rest of the building in December 2001 so new buildings could be built there. A Federal Emergency Management Agency (FEMA)/ASCE study team found that the fireproofing did not protect some steel connections, which helped cause the collapse. The Survivors' Staircase was moved along Vesey Street in 2008. In 2010, it was placed inside the National September 11 Memorial & Museum. 2 World Trade Center will stand where the original 5 World Trade Center once stood.

Main article: List of tenants in 5 World Trade Center

New building

Larry Silverstein rented the original World Trade Center in 2001. His company, Silverstein Properties, kept paying rent after the September 11 attacks. Urban planning experts talked about ideas for rebuilding. In 2003, the architect Daniel Libeskind won a contest to design the master plan. By 2004, plans called for a tower named 5 World Trade Center on the site of the Deutsche Bank Building. That building had been damaged and was going to be torn down. The tower would have been about 57 stories tall. There were six possible plans, and most were for homes, such as condominiums or rental apartments.

Arguments over who would build the towers caused delays. In 2006, the people involved reached an agreement. Silverstein gave up his rights to 5 and 1 WTC. In return, he received financing from Liberty bonds for 2 and 3 World Trade Center and 4 WTC. Tearing down the Deutsche Bank Building began in 2007 and was finished in 2011. Work along Liberty Street prepared the site. Later, the Vehicular Security Center and Liberty Park were built. Both were finished by 2016.

Plans for the site changed many times. In 2007, the Port Authority announced that JPMorgan Chase would pay $290 million to lease the site. Later, the company dropped its plan for a tower at 130 Liberty Street after it bought Bear Stearns and used its headquarters at 383 Madison Avenue. By 2009, during the Great Recession, the Port Authority wanted to delay 5 WTC. New York City mayor Michael Bloomberg tried to settle the disagreement, but he did not succeed.

In 2010, the Port Authority took over responsibility for 5 World Trade Center. It also took over One World Trade Center, the National September 11 Memorial & Museum, the transportation hub, and other parts of the site. The Port Authority of New York and New Jersey became its developer. In 2011, Governor Andrew Cuomo agreed to rebuild the St. Nicholas Greek Orthodox Church in Liberty Park. In 2019, Silverstein Properties and Brookfield Properties were reported to be working together. The partnership was confirmed in 2021.

Early in 2023, the plan called for 25 percent of apartments to be affordable housing. The state later set aside 30 percent. The original design by Kohn Pedersen Fox had a cantilevered section that would have been taller than 7 World Trade Center. The new design, announced in 2021, calls for an 80-story tower with mostly homes, some affordable apartments, and office space. Construction was planned to begin in 2024. In March 2026, the Port Authority announced that the plans were on pause because costs had gone up.