5 World Trade Center Could Hit The Market: Report

FINANCIAL DISTRICT, NY — The Port Authority of New York & New Jersey and the Lower Manhattan Development Corporation have reportedly come to an agreement to sell one of the final World Trade Center sites to be redeveloped, Crain's New York Business reported.

Crain's reported that the two state agencies plan to solicit developers to buy the site at 5 World Trade Center in a request for proposals.

The site could have some one million square feet of space worth hundreds of millions of dollars, Crain's reported.

Holly Leicht, chair of the Lower Manhattan Development Corp.'s board, said at a March meeting, "After quite a lengthy period of time of negotiation, we executed a memorandum of understanding with the Port, the LMDC and the city to move forward on an [request for proposals] for Site 5, which will be our last major site to develop."

The two state agencies have been battling for years over how to rebuild at 5 World Trade Center, previously known as 130 Liberty St, after it was destroyed following the September 11, 2001 terrorist attacks.

The other site that has yet to be built is 2 World Trade Center — where the Silverstein Properties have been delayed in building the site without a committed tenant to lease out the lower floors.

But earlier this year, developer Larry Silverstein said the company may build the remaining WTC tower without an anchor tenant.

For the full Crain's report, click here.