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Major Housing Breakthrough Brings Affordable Units to 5 World Trade Center
Governor Kathy Hochul announced the approval of a major mixed-use development at 5 World Trade Center in Lower Manhattan, which will include approximately 1,200 housing units, one-third of which will be permanently affordable.
This development will be one of the largest affordable housing projects in Lower Manhattan and the only residential site at the World Trade Center. It will also feature non-profit community space occupied by the Educational Alliance, commercial retail and office space, and a connection to Liberty Park. Twenty percent of the affordable housing units will be offered to individuals impacted by 9/11. The development team includes Silverstein Properties, Omni NY, Dabar Development, and Brookfield Properties.
“With this project, we’re about to transform an old parking lot into new homes for thousands of New Yorkers — bringing new affordable housing and community spaces to this iconic neighborhood,” said Governor Hochul
