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Progress on the 5 World Trade Center (5WTC) project by KPF moves forward after a press conference announcement on July 27 from New York Governor Kathy Hochul. In an effort to build more affordable housing in Lower Manhattan, the news reported by The Real Deal states that the...
The vacant, 1.2 million square-foot 111 Wall Street tower, rising at the corner of South Street, faces a foreclosure action by mezzanine lender Oaktree Capital Management.
The tower will include 1,200 new apartments, with roughly 400 units going to low-and moderate-income New Yorkers — 80 of which will be set aside for 9/11 survivors and first responders.
/PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) ("ACRES" or the "Company"), announced that Karen Edwards and Dawanna Williams have been appointed to...
A peek at the design A development team for 5 World Trade Center (5 WTC) has been selected by the Port Authority of NY and NJ. The board voted unanimously during their monthly public meeting to award the bid to Silverstein Properties, Brookfield Properties, Omni New York, and Dabar Development. The board also offered up a snapshot of the design, which comes from none other than Kohn Pedersen Fox. The image depicts a 900-ft skyscraper emerging from one of the World Trade Center’s last developable sites. — Urbanize NYC The full press release from the Port Authority of NY and...