1 to build 5 WTC, we propose using existing office space in the vicinity as affordable housing. In One WTC alone, there currently is over 250,000 sq. ft. of space for rent.2 At apartments ranging from 400 to 1,000 sq. ft., we estimate that there could be two to five times as many affordable apartments as those offered by 5 WTC - using the funds meant to construct 5 WTC.
The footprint that would have been for 5 WTC is instead proposed as a public park and an affordable daycare, to serve the new residents of the neighborhood.
Organized by Citygroup and New York Review of Architecture in support of the The Coalition for
A 100% Affordable 5 WTC.
1 Based on a NY Times article, where Holly Leicht estimates that, “each unit in the tower will cost about
$1 million to build,” and the article indicates 1,200 apartments in the building. This does not take future
maintenance costs into consideration.
https://www.nytimes.com/2021/10/29/realestate/5-world-trade-center-affordable.html
$1 million to build,” and the article indicates 1,200 apartments in the building. This does not take future
maintenance costs into consideration.
https://www.nytimes.com/2021/10/29/realestate/5-world-trade-center-affordable.html
https://www.loopnet.com/Listing/One-World-Trade-Center-New-York-NY/4043898/
and https://www.propertyshark.com/cre/commercial-property/us/ny/new-york/one-world-trade-center-1/
In Collaboration with Benjy Akhavan
Exhibited at Citygroup and presented with New York Review of Architecture
Status
2022
Location
New York, NY
Program
Gathering Space, Daycare
Dimensions
330 ft x 420 ft
Materials
Various