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 shares its name with the original 5 World Trade Center. That earlier building was heavily damaged as a result of the collapse of the North Tower during the September 11 attacks, and it was later demolished. 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 develop the building as the headquarters of its investment division, J.P. Morgan & Co. However, after JPMorgan Chase's acquisition of 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 a joint request for proposal (RFP) for the site.

In February 2021, it was announced that the new 5 World Trade Center will be developed in a joint venture between Silverstein Properties and BGRE, formerly Brookfield Properties.

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

Original building (1970–2001)

5 World Trade Center (5 WTC) was a steel-framed, nine-story office building built in 1970–72 at New York City's World Trade Center. It was designed by Minoru Yamasaki and Emery Roth & Sons. 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 World Trade Center site. Its underground space connected to the Chambers Street and World Trade Center subway stations, and it held The Mall at the World Trade Center. The largest Borders bookstore in New York City filled three floors of the building. 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. Floors 4 to 9 suffered partial collapse and fire damage, 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 demolished the remaining structure in December 2001 to make way for new building. 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 and placed inside the National September 11 Memorial & Museum in 2010. 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 leased the original World Trade Center in 2001, and his company Silverstein Properties kept paying rent after the September 11 attacks. Urban planning experts discussed ideas for rebuilding, and the architect Daniel Libeskind won a competition in 2003 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, which was damaged and was going to be torn down. The tower would have been about 57 stories tall, with six possible plans, most of them for homes such as condominiums or rental apartments. Disputes over who would build the towers caused delays until a 2006 agreement, in which Silverstein gave up rights to 5 and 1 WTC in exchange for financing with 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, and work along Liberty Street prepared the site. Later, the Vehicular Security Center and Liberty Park were built, and both were complete 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, but the company later dropped its plan for a tower at 130 Liberty Street after buying Bear Stearns and using its headquarters at 383 Madison Avenue. By 2009, during the Great Recession, the Port Authority wanted to delay 5 WTC, and Michael Bloomberg, the mayor of New York City, tried to settle the dispute without success. In 2010, the Port Authority took over responsibility for 5 World Trade Center, along with One World Trade Center, the National September 11 Memorial & Museum, the transportation hub, and other parts of the site, and 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, and this partnership was confirmed in 2021. Early in 2023, the plan called for 25 percent of apartments to be affordable housing, and 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 mixed-use tower with mostly homes, a share of affordable apartments, and office space. Construction was scheduled to begin in 2024, but in March 2026 the Port Authority announced that the plans were on pause because costs had risen.