The latest luxury tower to rise in New York could distinguish itself not for its views but for its residents: survivors of 9/11, and some of the lowest-income renters in the city. Affordable apartments are coming to the top of New York's skyline:
A rendering of a new tower planned for the World Trade Center campus, where a third of the apartments would be targeted at lower-income renters.
It took two decades of political wrangling. But the real feat, spurred by a group of local agitators, could be the inclusion of an unexpected share of permanently below-market-rate apartments.Four hundred of the 1,200 units will be reserved for low- and middle-income renters, spread across the soaring tower. A portion of those units, 80 apartments, will be offered to people who lived or worked in lower Manhattan between Sept. 11, 2001, and the end of June 2002.
The building, designed by Kohn Pedersen Fox Associates, will sit on public land and is being developed by a team led by Brookfield Properties and Silverstein Properties. An earlier proposal would have reserved one-fourth of the units at below market rate and included no carve-out for 9/11 survivors. Opposition was swift.
The property owner, the Lower Manhattan Development Corp., a subsidiary of state-controlled Empire State Development Corp., estimated in 2021 that each unit of housing would cost about $1 million to build, about twice as much as a unit in a typical affordable project, in part because of the complexities of building a skyscraper on the site.
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