5 World Trade Center (also referred to as 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 project is currently on standby while the Port Authority explores a potential sale of the lot to a developer and also finds tenants to occupy the skyscraper. The proposed building shares its name with the original 5 World Trade Center, which was heavily damaged as a result of the collapse of the North Tower during the September 11 attacks and was later demolished. The Port Authority has no plans to construct a building at 130 Liberty Street, although it is open to future development of the site as office, retail, hotel, residential or some mix of those uses.
In June 2007, JPMorgan Chase announced plans to develop the building as the headquarters of its J.P. Morgan Investment Bank. However, JPMorgan Chase's acquisition of Bear Stearns in March 2008 put those plans in doubt, given the company will relocate J.P. Morgan to 383 Madison Avenue.
Five World Trade Center (5 WTC) was originally a steel-framed nine-story low-rise office building built in 1970–72 at New York City's World Trade Center and was 118 ft (36 m) tall. It suffered severe damage and partial collapse on its upper floors as a result of the September 11 attacks in 2001. The entire building was demolished by December 2001 to make way for reconstruction. The structure was L-shaped and occupied the northeast corner of the WTC site. Overall dimensions were 330 by 420 feet (100 by 130 m), with an average area of 120,000 square feet (11,000 m2) per floor.
The Chambers Street – World Trade Center (A C E trains) subway station/terminal was located under the building, and access into the station was available through the building. Shops and restaurants were in the building's underground concourse, including the largest Borders bookstore in New York City, spread across three floors of 5 World Trade Center on the corner of the building adjacent to the intersection of Church and Vesey Streets.
In 1984, artist Joanna Gilman Hyde painted the 10,000-square-foot (930 m2) canvas titled "Self Organizing Galaxy" on the roof of 5 World Trade Center.
Floors 4 through 9 suffered partial collapse and/or fire damage during the September 11 attacks. Floors 1–3 were undamaged. Some of the collapse was due to impact from steel and debris from World Trade Center 1 (North Tower). Other collapsed sections were due to fire damage. Portions of internal collapse and burnout were found on upper floors, mainly floors 6–8. The exterior facade suffered severe fire damage. The upper floors (5–9) were on fire after the second tower collapse. A section of the fuselage allegedly from United Airlines Flight 175 is claimed to have landed on the top of the building. WTC 5 was the least damaged building of the complex. The Borders bookstore was undamaged after both towers collapsed. The building, was the location of the Survivors' Staircase, which was recovered from the building's underground after 5 World Trade Center was demolished.
The building was demolished by weakening its internal structure and using cables to pull down the rest of the structure, the same way 4 World Trade Center and 6 World Trade Center were demolished. The last standing section of 5 WTC was removed by December 2001.
The Federal Emergency Management Agency (FEMA)/ASCE Building Performance Study Team found that some connections between the structural steel beams failed in the fire. This was most apparent in the collapse of 5 World Trade Center, where the fireproofing did not protect the connections, causing the structure to fail. The structural failure didn't cause the entire building to collapse, as seen after the attacks that the structural skeleton remained intact.
2 World Trade Center will stand at the site where the original 5 World Trade Center once stood.
Floor levels are indicated in parentheses, if known.U.S. Airways
Charles Schwab (Concourse level)
Sam Goody (Concourse level)
Perfumeria Milano (Concourse level)
American Airlines (Concourse level)
Daniel Pehr, Inc. (Lobby)
Children's Discovery Center (Plaza level)
Borders Books & Music (Plaza level)
Krispy Kreme (Plaza level)
JPMorgan Chase (1)
Affiliated Physicians of St. Vincent (3)
World Trade Center Dental (3)
Morgan Stanley (4, 5, 6)
Credit Suisse First Boston (7, 8, 9)
NYS Court of Claims (8)
Continental Forwarding (8)
Lower Manhattan Cultural Council (9)
Howard Publications (9)
Council of State Governments (9)
American Shipper (9)
Our Planet Mgmt. Institute, Ltd. (9)
Hunan Resources & Tech. Institute (9)
5 World Trade Center (5 WTC) was expected to be designed for residential or mixed use in the original master plan for the complex by Daniel Libeskind. The building was to have a height limit of no more than 900 feet (270 m) and up to 1,500,000 square feet (140,000 m2) of floor space. Negotiations over the World Trade Center site concluded in April 2006, with private developer Larry Silverstein yielding his right to develop on the site designated for One World Trade Center along with 5 World Trade Center to the Port Authority of New York and New Jersey in exchange for assistance in financing Towers 2, 3, and 4.
The Deutsche Bank Building began undergoing deconstruction in March 2007, which was finally completed by 2011. During this time, work along Liberty Street involved preparing the northern quadrant of the site for development. After site preparation work was done, construction began on the Vehicular Security Center and Liberty Park, which are both complete as of 2016.
On June 22, 2007, the Port Authority announced that JPMorgan Chase will spend $290 million to lease the site until 2011 for construction of a 42-story building. JPMorgan Chase would eventually back out of the deal, leaving the Port Authority with no plans to build the skyscraper.
Following JPMorgan Chase's acquisition of Bear Stearns in March 2008, the company announced plans to use Bear Stearns' existing headquarters at 383 Madison Avenue as its new headquarters for J.P. Morgan Investment Bank. The company abandoned plans to occupy a skyscraper at 130 Liberty Street. A proposal to convert the planned office tower into a residential or mixed-use tower was explored instead.
On May 1, 2008, deconstruction of the former Deutsche Bank building resumed.
On May 11, 2009, it was announced that the Port Authority was proposing to cancel the construction of 5 World Trade Center altogether as part of an overall plan to halve the amount of office space available in the fully reconstructed World Trade Center to 465,000 square metres (5,010,000 sq ft). The agency, citing the recession and disagreements with developer Larry Silverstein, also proposed the reduction of 200 Greenwich Street and 175 Greenwich Street to "stump" buildings of approximately four-stories. It was proposed in July 2009 to move the planned construction site for the Performing Arts Center to the 130 Liberty Street location, but these plans were later rejected. The Performing Arts Center was planned to be constructed near the center of the World Trade Center site as part of the National September 11 Memorial & Museum. At that location, construction would not begin until 2015. The proposal did not specify whether the Performing Arts Center would occupy the entire site, thereby ending plans for 5 World Trade Center, or if the center would become integrated into a new mixed-use skyscraper on the site.
On March 25, 2010, the Port Authority announced that it had assumed responsibility for the development of 5 World Trade Center, in addition to One World Trade Center, the National September 11 Memorial & Museum, the transportation hub, and other site infrastructure. Towers 2, 3, and 4 would continue to be developed by Silverstein Properties. On June 15, 2010, New York University had expressed interest in expanding to 5 World Trade Center as part of its NYU 2031 program. These plans were also eventually rejected.
On February 28, 2011, the deconstruction of the Deutsche Bank Building was completed, and construction of another World Trade Center project, the Vehicular Security Center and Tour Bus Parking Facilities began. Development of the site was officially given to the Port Authority of New York and New Jersey. On September 1, 2011, the Port Authority of New York and New Jersey began construction to incorporate the site into the new WTC development, acting as its developer.
On October 14, 2011, Governor Andrew Cuomo announced an agreement to rebuild the St. Nicholas Greek Orthodox Church in Liberty Park. The church would be located adjacent to the future Liberty Park, which would be built on top of the Vehicular Security Center.
On December 9, 2011, Phase 2 construction of the South bathtub, located on the site of 130 Liberty Street, continued with the excavation and concrete placement. By 2012, concrete placement and steel erection of the South Bathtub continued.
By May 10, 2013, the ground was prepared for construction. A walkway that is next to the site of 5 WTC, will be constructed into a supermarket. By 2014, the ground had been transformed into parking spaces for vehicles belonging to the Port Authority Police Department (PAPD). According to the agency, this usage of the site is only temporary.
The original design for the tower was by Kohn Pedersen Fox. It called for a 42-story building with a seven-floor catilevered section starting at the 12th floor. This section of the building would have housed JPMorgan Chase's large trading floors, rising above the new St. Nicholas Greek Orthodox Church. The tower would be taller than 7 World Trade Center. As of September 2013, the LMDC/Port Authority were actively marketing the site, but had not released any information about the building at all. This includes the building's redesign, or if it has been redesigned.