Construction history 5 World Trade Center

following jpmorgan chase s acquisition of bear stearns in march 2008, company announced plans use bear stearns existing headquarters @ 383 madison avenue new headquarters j.p. morgan investment bank. company abandoned plans occupy skyscraper @ 130 liberty street. proposal convert planned office tower residential or mixed-use tower explored instead.

on may 1, 2008, deconstruction of former deutsche bank building resumed.

on may 11, 2009, announced port authority proposing cancel construction of 5 world trade center altogether part of overall plan halve amount of office space available in reconstructed world trade center 465,000 square metres (5,010,000 sq ft). agency, citing recession , disagreements developer larry silverstein, proposed reduction of 200 greenwich street , 175 greenwich street stump buildings of approximately four-stories. proposed in july 2009 move planned construction site performing arts center 130 liberty street location, these plans later rejected. performing arts center planned constructed near center of world trade center site part of national september 11 memorial & museum. @ location, construction not begin until 2015. proposal did not specify whether performing arts center occupy entire site, thereby ending plans 5 world trade center, or if center become integrated new mixed-use skyscraper on site.

on march 25, 2010, port authority announced had assumed responsibility development of 5 world trade center, in addition 1 world trade center, national september 11 memorial & museum, transportation hub, , other site infrastructure. towers 2, 3, , 4 continue developed silverstein properties. on june 15, 2010, new york university had expressed interest in expanding 5 world trade center part of nyu 2031 program. these plans rejected.

on february 28, 2011, deconstruction of deutsche bank building completed, , construction of world trade center project, vehicular security center , tour bus parking facilities began. development of site officially given port authority of new york , new jersey. on september 1, 2011, port authority of new york , new jersey began construction incorporate site new wtc development, acting developer.

on october 14, 2011, governor andrew cuomo announced agreement rebuild st. nicholas greek orthodox church in liberty park. church located adjacent future liberty park, built on top of vehicular security center.

on december 9, 2011, phase 2 construction of south bathtub, located on site of 130 liberty street, continued excavation , concrete placement. 2012, concrete placement , steel erection of south bathtub continued.

by may 10, 2013, ground prepared construction. walkway next site of 5 wtc, constructed supermarket. 2014, ground had been transformed parking spaces vehicles belonging port authority police department (papd). according agency, usage of site temporary.