New York is (Finally) Building 5 World Trade Center
ฝัง
- เผยแพร่เมื่อ 27 ก.ย. 2024
- At last, the residential skyscraper at New York's World Trade Center site is moving ahead.
Struggling to reduce project costs? See how much Bluebeam can help with its ROI calculator - bit.ly/3PRTdbY
Full story here - theb1m.com/vid...
This video contains promotion for Bluebeam.
Additional footage and images courtesy of Kohn Pedersen Fox, Government of New York, Silverstein Properties, Studio Libeskind, and World Trade Center.
Research sources:
nypost.com/202...
therealdeal.co...
www.globest.co...
www.nytimes.co...
For more by The B1M subscribe now - bit.ly/the-b1m
We're raising awareness of construction's mental health crisis through our Get Construction Talking initiative. There’s a video series on our channel and you can find support or donate at - www.getconstru...
Follow Get Construction Talking
Instagram - / getconstructiontalking
Twitter - / getconsttalking
LinkedIn - / about
Listen to The World's Best Construction Podcast by The B1M
Apple - apple.co/3OssZsH
Spotify - spoti.fi/3om1NkB
Amazon Music - amzn.to/3znmBP4
View this video and more at - www.TheB1M.com/
Follow us on Twitter - / theb1m
Like us on Facebook - / theb1m
Follow us on TikTok - / theb1m
Follow us on LinkedIn - / the-b1m-ltd
Follow us on Instagram - / theb1m
The B1M Merch store - theb1m.creator...
#construction #architecture #NewYork
We welcome you sharing our content to inspire others, but please be nice and play by our rules - www.theb1m.com/...
Our content may only be embedded onto third party websites by arrangement. We have established partnerships with domains to share our content and help it reach a wider audience. If you are interested in partnering with us please contact Video@TheB1M.com.
Ripping and/or editing this video is illegal and will result in legal action.
© 2023 The B1M Limited
I don’t care if they just build a Giant Bass Pro Shop on the land, I just want the construction to finish
Pretty sure you'd care if they built a Giant Bass Pro Shop
@@TheB1M you’re right, I’d be very proud, NYC needs a Bass Pro Shop Pyramid of its own
This would be the world's greatest promotion act
@@TheB1M If it was capped with a pyramid, I would support the project personally.
A Bass Pro Shop is slated for a site in NJ just south of the Driscoll bridge. It’s been a dirt patch since the early 2010s.
That gaping hole in lower Manhattan was always so painful to look at. It was always such a stark and brutal reminder of what had happened there. The memorial and new tower should have been finished by 2006 or 2007, *at the latest.* The incredibly slow progress on getting anything done at the site played a role in prolonging the pain and grief.
New tower*s* - 3 and 4 are already finished, 5 is planned and 2 is on-hold.
You expect to clear the rubble and build a super tall skyscraper in 5 years?
@@DaleTuck31 As mentioned in the video, the original site went from a neighborhood of radio shops to two giant supertalls in roughly that same amount of time.
@@martianbuilder5945Hope they buold the original tower 2 design the stacked box suck azz
@@jhostintola3092 There are leaked multiple designs for it floating around online though Silverstein has yet to make an official announcement of which one he's picking. I actually made a video where I took a 3D model of the "newest" iteration and tracked it into some NYC skyline clips.
Would 9/11 survivor want to live in the shadow of where probably the most traumatic moment of their life happened?
Yeah we can’t get our heads around that
DEFINITELY NOT - - ITS ABSURD
Someone else would take it, no need to worry.
Yes lmao
I know several family members that will hop on the chance to do it.
It seems morbid but NYers are different
I can’t imagine why, but having gotten to know a New Yorker well over the past few weeks, those guys are just built different
"Affordable"
* laughs in new york *
I think a mixed use skyscraper with both market rate and affordable housing is the perfect choice for the neighborhood. The market for office space isn't what it once was, and high-rise residential and mixed towers are now the money makers. Downtown Manhattan has bled population for decades, especially comparted to the peak of Manhattan's population during the turn of the century, it can afford to fit a few more people closer to the shops and jobs. With plenty of willing buyers for sitting on such a valuable spot, apartments in 5WTC could command a premium that would easily offset the modest number (in comparison) of affordable housing brought into the area. And as it sits in the confluence of so many subway lines (and a PATH line), it's not like a few thousand folks could really alter the character of this neighborhood. But ALL affordable is not viable. It's best practice both to mix income groups, and to ensure that the developers have some incentive to get the thing built.
The problem: affordable housing is a myth in places like NYC.
Putting affordable housing in super high priced areas is a dissservice to the perspective renters. Great… you are being subsidized by all your neighbors, but that isn’t going to work at Whole Foods, target, McDonald’s, etc. the high prices apply to everything in the area. Affordable housing is a joke.
And that’s without considering the crap affordable housing people can do. In my building there are separate riders for affordable housing people - non smoking building, but affordable housing people were allowed to. Most of the building people were fine being in elevators with. To affordable housing floors… plug your nose. It’s ridiculous and extortion from the government.
If "affordable housing" was actually "affordable" then it wouldnt have to be called "affordable housing" . its just a bullshit lie to steal.
@@qwerty112311 The way affordable housing should actually work, is that the city pays a company to build housing that the city then owns. And they only charge tenants enough to maintain the place, instead of racking sky-high profits. The effect is that you drag prices down for everyone, because you compete with neighbouring landlords for customers. That's how it works in many European cities like Vienna.
if you want to live in a Judge Dred movie sure but we don't and its not needed, whats needed is to remove all freeloaders and make the Western countries great again as there is way to much dependency on freeloaders
Yes I'm sure that if one building in lower manhattan had "affordable" housing the 50 million people that would want it would be sorted through fairly and without special interests
Special interest?? In NYC?? Say it ain’t so!😂
😂😂😂😂😂 Progressive Democrat policies in a nutshell !
Lol facts
@pavelow235 This is good old American Capitalism son. Get used to it. It'll be there no matter who ya vote for. Democrat, Republicans... just a farce to keep guys like yourself ignorant. Rich and poor is, was and always will be the only split that matters.
It said in the video that qualification is based on income and tenants are chosen through a lottery system. The idea that some sort of "special interests" would commit fraud to get around an income requirement and commit further felonies to game a lottery, in order to save a little bit on rent, is pretty far fetched
I think the question has to be asked... "Do survivors of 9/11 or their families actually want to live in a place where they suffered such horrific trauma?".
I wouldn't it would be the last place I'd want to see when I looked out my bedroom window of a morning.
💯% CORRECT YOU ARE
Don't think about it too much, goyim. All it matters is that you never forget.
Cool?
If its cheap? Of course this is New York, it sure beats looking at someone's dumpster in the morning.
The real questions is: why does participating in a catastrophic event over 20 years ago give you a right to a flat in the middle of Manhattan? Why is surviving 9/11 more traumatic than a car crash? Or cancer? Or suicide? They deserve medical and mental health access, but so does anyone in my humble opinion.
I'm all for housing for first responders that dedicated their life to serving New Yorkers, but that's frankly irrespective of 9/11.
Congratulations on nearing … scratch that… PASSING 3 million subs!!! You earned it!!!
@@markbrown2296 updated! Thx!!!
It’s stupid to make this building affordable housing, it’s in an extremely premium location, esp for high earners who work in the area.
Adding to housing supply *in any way* helps alleviate prices at all levels.
And the idea that anyone would want to live across from the sight their loved one was brutally killed is ridiculous
Affordable to whom? Not the working class.
Good to see that B1M is doing more ethical advertising and not hiding it mid video to make it sound like it's part of the content.
this aged well
I just wish they could build 2 WTC with the same design as 1 WTC except without the antenna on top.
And have a double decker outdoor observation deck on a couple of the rings. Oh and FINALLY clad the spire on 1WTC as the designs originally promised!
1000 - 2000 a month for new york would be amazing
Enter the lottery! Your odds are only slightly better than in the state lottery, but hey ... you never know!
I actually like the design.
I think KPF did a great job in this. But it doesn’t look like a building with affordable housing units. And this location isn’t really affordable. In fact, it’s a very high end area, just like the ones along the Billionaire’s row!
Enh, I don't know. You see one glass covered high rise box, you've seen them all...
@@michaelrmurphy2734but it isn't a box though? I could name many boxes tbh but this aint it
Everything you said is really admirable
Except for the fact that he didn't call out silverstein for attacking and killing and maiming Americans in 2001
Absolutely superb video B1M team. Thanks for another spicy one. Looking forward to the podcast episode covering it
The thing about 5 World Trade Center is that it occupies a spot that was not previously occupied by any building that was targeted in the 9/11 attacks. Nobody died there. It was previously the location of 130 Liberty Street, which was critically damaged by debris from the South Tower, as were many other buildings in the vicinity. The fact that they demolished the old building and are now choosing to incorporate this location into the trade center complex is entirely incidental.
Bro people die
Why tf would a 9/11 survivor want to live there?
I was disappointed they did not just either build back the original buildings, or do a better version of the two towers. I'm still not a fan of what they have built now but I guess its better than nothing.
Housing designated as 'affordable' is by definition subsidized housing. Its either subsidized by the developer, or subsidized by the government. Luxury housing meanwhile, is just a branding thing. Luxury housing CAN be affordable, but only in the context where housing is plentiful.
ie its a lie designed to steal
Luxury housing is also HEAVILY subsidized, please live in the real world.
Did you not learn anything from Hudson Yards or are you just playing stupid.
there is no "subsidized by the government", it all subsidized by our taxes
I stay at Club Quarters, WTC, every other week when I commute to NYC for school. I have been since 8/22. It’s directly across the street from the lot that has “future home of WTC 5” signage. My suite overlooked the lot this past weekend (April 5 & 6, 2024) - and I can verify they have not yet begun construction on 5 WTC.
The government subsidy is weird. In the UK - things like affordable housing and creation/funding for local amenities is simply forced on developers as a requirement for planning permission. You want to build? Okay. Make it 25% affordable and build a local school for free - then sell all your luxury apartments for whatever you like.
so nobody builds buildings there
@@plazmaguy13yago9 um… have you heard of London??
@@aps-pictures9335 Yeah, London, Ontario /s, i.e. fake London
This idea works in theory. But I think the in this situation, developers just interested, they can build something else in another city, 100% market rate and make more money.
@@joshuaevans7090 lol it’s Manhattan… you’ll find a developer to build. Silly argument.
An actual viable argument is that by using said system, you get benefits for the community and some affordable housing, but they tend to be bought to rent out and the expensive properties drive the rent up/resale value. Thus defeating the purpose over time. To combat that you need to cap house prices, but then you lose taxes and stamp duty… it’s complicated.
manhatten is such a tricky spot to build in, theres so few places that would even be reasonable to redevelop into higher density affordable housing, but even the spots that do have underutilized land it would be cheap to build there
majority of manhatten is like 3-4 storey rowhouses which normally id say is a great balance for smaller cities, paris makes 7 storey work beautiful, but manhatten is such a dense hub of a city that it might even be reasonable to push 10 storey rowhouses, if public transit could be improved enough to handle it and even reduce the space taken up by cars compared to current levels
"affordable housing" in Manhattan is still as expensive as a mansion in Wyoming or Oregon 😂
Well, location is everything. That mansion in Wyoming isn't all that great when you've got a forty minute drive to get groceries, and have to constantly fly elsewhere for your lucrative tech job. It's really the land that is valuable, because of its proximity to so much of everything. You could fix the house prices in city via land value tax. Read Poverty and Progress for an explanation!
You could not pay me to live in Wyoming or Oregon
duh? Manhattan has high demand thus high prices
Portland pretty nice @@serebii666
@serebii666 The problem is that a lot of the people demanding "affordable housing" in Manhattan have this same sentiment. If you can't afford to live in New York, don't live in New York.
So 400 units for 60million. Thats 150k per unit.. wtf?
I would like to see you do a video of how Singapore has addressed the issue of affordable housing for low to medium incomes. I believe they have something worth considering
They also have a better culture. No crime, no looting... with rights come responsibilities
This is economically insane. Affordable housing is created by increasing the housing supply. All of these regulations slow down housing supply. Everyone, regardless of income status, is seeking to move up the housing ladder. Adding housing at the top of the ladder therefore adds space at the bottom of the ladder as everyone subsequently moves up.
I had been visiting 2 times to old World Trade Center as well as took some very good pictures for my memory. Just loved them!
I still want to see the original quad diamond design wtc 2 get built. That one was the best looking design concept
What are the economic conditions that would allow for low income housing to be built profitably? Was there ever a time in which this was the case?
Before the Second World War, basically.
Low construction and especially litigation costs. Most of New York's housing was built before the second world war when it was really cheap to get permission to build and then to build. Rowhouses, tenements, and lofts were all very cheap because people built so many of them. This entire video is the problem: just let somebody build something, for fuck's sake. Too many special interests trying to get a slice of the pie. The only solution to housing unaffordability is to build more houses.
Easy: don't build it in a place millions of people want to live.
If the developer can’t charge the fair market value for rent…they can’t profit from a building..they won’t even bother building..The problem gets worse.
Free economic lesson how government programs like “affordable housing” have the exact opposite effect. And it’s no coincidence the problem is worse than ever with more “affordable housing” than ever
5:26
50-80k$ is considered"low income" for one person? wtf?
i live in poland where people used to make like 2-3k$ per year per 4 person household like 4 years ago and everything is as expensive or more expensive like in germany rn...wtf....
Cost of living in Manhattan is on a whole other level. It's one of the priciest areas in the world.
@@siahsargus2013 yea for housing. but stuff like electronics can be cheaper then in poland from what is saw....
@@faustinpippin9208 that’s true. Consumer goods are cheaper, but housing, healthcare, and education are the biggest drivers of cost of living.
@@faustinpippin9208 You don't need electronics every month/every year.
One TV for multiple years.
Mobile phone every 2/3/4 year only.
Can't say about other things like health After 30s/40s,one has to do routine checkups.
Pregnancy costs come after marriage.
Delivery cost in US is too high.
The B1m is the my favourite you tube channel
This is why other countries, especially here in Asia get things completed, and quickly. They make a plan, get to work and don’t care about people whining and virtue signaling. While America’s projects are tied up in red tape, politics and “social issues”.
I don’t know about China but I heard china said African countries live better
If it's so amazing in Asia why are so many Asians buying up all the high end real estate in Manhatten
Asia? Wheres that dont crumble on me bro
They need to change it all to housing. We barely need the office space we have
Why would any family member of/or a survivor of September 11 want to live any where near the site of so much personal suffering?
World is not small.
The B1m is the best of you tube
THEY NEED TO BUILD A SECOND FREEDOM TOWER WITHOUT THE SPIRE.
Agreed
it should be a skyscraper full of studio apartments that all cost $911 a month
Lol
The slogan for building 2 WTC should be,
_"FIX THIS DAMN TOWER."_
Maybe 2WTC should also adopt a mixed residential and office building
If only New York would implement Vienna public housing policies
Could you describe these policies?
This is the type of comment from someone who's a New Yorker but never been to Vienna or someone from Vienna who has never been to NYC...America and Europe historically rarely do things the same way, but you want them to start in 2023??
@@Arcanine1995no, dont do the same, let the USA project fail even harder first
I have seen some people who worked like 1 year in ther entire life and got free apartments from my taxes, and tbh i dont like this....
" implement Vienna public housing policies" lol. You have not lived in Vienna have you. Viennese social housing is indeed cheap, mostly due to the city being left with lots of undeveloped land after the collapse of Austria-Hungary. The private market is however something quite different, and one must rent privately before they are eligible for social housing, and likewise only qualify for social housing as it relates to their salaries.
The worst externality of Viennese social housing policies is the inefficiency: the policies set rent caps based on the age of building, but not in relative age, but specific year cutoffs, that haven't changed in 50 years. This is leading to many owners of older, traditional (and more spaciously arranged) housing stock, tearing down their Art Nouveau buildings to replace them with equally dense new-builds that are not touched by regulation. It is literally causing Vienna to lose its genius loci.
2 WTC should also be turned into housing. NYC missed it's chance to restore the Twin Towers long ago! They should have built two Freedom Towers
We have One WTC, 2,3,4,5 and 7 wtc. why is 6 wtc never rebuilt?
We don't have 2 WTC though.
Because Freedom Tower (1WTC) stands where the old Six World Trade Center building once stood. It is a nod/acknowledgment of that former building and the history in that spot.
This was one of the videos I awash anticipating
When a new B1M video loads... stop - watch and listen.
I really want 2 WTC to be finished. The city skyline will be even more beautiful.
Some things should just be. We don’t need another 9/11
This isn't where I parked my car...
Instead of affordable housing via lottery - they should reserve the affordable apartments for the key workers of the city.
Firemen, Police, Ambulance, Street Cleaners, Electricians, Plumbers and their families.
It can only help the city when critical workers don't have to commute so far.
And they should let the rich tenents and big corps in that building pay for that instead of using our tax money. The government doesn't really care about solving the problem, it's more about a political show and using our tax money to pay for the building when they can't find enough tenents. With that amount of the money, they could easily make thousands more affordable housing in other areas, but no, it has to be this luxury building.
I'm not a fan of Donald Trump but I absolutely agree that they should have rebuilt the towers as they were. Obviously with modern technology and to the highest possible efficiency rating. And possibly even a bit taller than before.
THE FREEDOM TOWER IS BEAUTIFUL. BUT I WILL ALWAYS BELIEVE THAT NEW YORK SHOULD HAVE REBUILT THE TWO GORGEOUS WORLD TRADE CENTER ALL OVER AGAIN. BUT TALLER AND STRONGER. EVEN TODAY IT IS NOT THE SAME IN THAT AREA. THOSE WORLD TRADE CENTER BUILDING WERE MONUMENTAL. THEY SHOULD HAVE BUILD THEM AGAIN.
I was three blocks away from Ground 0 that morning and more than two decades later, I still avoid that area unless I have to go for meetings or when I am forced to transit through the neighborhood. I simply can't fathom why developers would make this into a residential or tourist area. It's gross.
A vertical amusement park with a house of mirrors at the bottom, a ferris wheel at the top, a couple of roller-coasters around the outside and a bunch of rides in the middle; maybe a thousand (911) flower beds.
Heavenly peaceful music at the end of that .. eternal sorrow 😢🕊🇺🇸
The crazy thing is, in the whole time since 911, they have built a whole neighborhood here called Hudson yards, extended the q, and 7 trains, built a brand new tower for google, currently building a whole new tower for JP Morgan, millionaires row, and a whole grand theater called PAC in WTC lol! Us citizens are paying higher rent/ taxes because of these dang towers, and it's getting harder by the hour, and I'm up in Harlem!
My Father and I used to go to Canal Street and Radio Row on a Saturday to just cruise around looking at 'stuff'. I wasn't thrilled that all those little Mom and Pop stores were gone. Not that I ever wanted the trade center buildings to go down in anyway, but honestly I really disliked them as far as boring architecture. They were nothing to look at, just two sticks reaching the sky. I went for a job interview on some wildly high floor. I took one look out the window and told the receptionist 'I'm leaving'. She asked 'why when you haven't been interviewed yet?' I told her that 'I couldn't do this ride up here every day, it's way tooo high for me'.
An update on 2 WTC please!!
Thats how smart these people are. They want to house the families of 9/11... at the exact site where their family members died. Fantastic. Just make sure they have patios they can jump off when they are finally overcome with the horror of living and being reminded of their loved ones passing away every time they look out the window
The “affordable housing” rules in NYC have been a mess for years. My suggestion is to avoid living in the city if at all possible.
Larry Silverstein: "Were gonna rebuild, and we did. We were not gonna stop". Super easy for you to say after getting 2 insurance payouts. Must have been convenient for him to have his entire site rebuilt by insurance. So brave and noble.
Yeah, like Trump but less well known outside America.
Dodgy real estate hustlers, the lot of them.
While Silverstein should not be held in great esteem, he does get credit for never renegading on his lease and rent with the Port Authority even when Ground Zero was a smoking pit and just a big hole in the ground. His insurance settlement didn’t even cover what he had to pay for the losses.
Thank you for this info@@dynasty0019
This is one of those situations where govt breaks your leg then wants credit for giving you a crutch.
Govt regulations distort the housing & building market then claim more regulation will make it better.
Usually I dislike NYC skyscraper designs. I HATED 1wtc’s first design. The current one is nice. I really like the proposed 5wtc! I like the “green” spaces, the setbacks, window frames and the rounded corners. It looks inviting to me. Not a bad thing if it is to include affordable housing.
I laugh at this comment. I live in Ontario, Canada and every single time a new building gets proposed. All anyone wants it to look like is something from New York😂 PS. I'm not a big fan of New York's architectural style either
@@kylemcqueen9465And what, precisely, is New York's , " architectural style?" I'm an architecture buff who has lived in Europe, Philadelphia, Chicago and now NYC. I await your definition.
@@LUIS-ox1bv when I think of North American skyscrapers and high rises are more, think of boxy square edges, bulky masonry and no curves. European generally think of stuff that doesn't really hit above 50 stories but has elegant curves and generally more glass and generally whenever I think of more Middle Eastern and Arab ideas there is generally are proposal for technologies that have not been tested and just built as ego projects normally turn out beautiful, but don't actually function as intended or provide any real benefit to the actual people that live in the country only to the people in power
I thought the Bjark Ingalls Group design for 2 WTC was perfect, but no media company wanted to move downtown (I think Fox News/News Corp was slated to be the anchor tenant, but they were not that interested in moving from midtown.)
Do a video on the renovation of the Domino Sugar Factory that just finished in brooklyn
Why do "low" income people have to live in that expensive area? Can't they live in Brooklyn or Queens?
Because it takes an hour to two hours to get to your job in Manhattan if you live in the boroughs, and you have to take 2 busses plus subway and transfer. Specially if you live in Queens where there are not many subway stations. Poor people deserve to live close to where they work.
It's best to spread every one out. Putting them all in one area "the projects", creates trouble and leads to underserved, deteriorating neighborhoods. That means a few downtown, as well as in the outer boroughs.
@@thevikingbear2343 Depends where in Brooklyn or Queens you live. Both district have high-rise areas that are very well connected to Manhattan. A lot of lines meet in the center of Brooklyn. There the city could build tons of high-rises for affordable housing.
Another bootlicker NIMBY
No one is building affordable housing anywhere. It’s a major problem that’s been unaddressed for decades. Ridiculous
Can see why they brought down tower 7 now, thanks.
Why?
Except this is not the same site you bellend
It was fires, honest. Nothing to do with secret service offices housed in there.
I wouldn’t invest in Manhattan of course we should and must believe the mayor of New York saying it is now finished as a city because of immigration. Yes, he actually said that you can spin it as much as you want. Rudi was the main guy and the only guy as mayor of New York.
THEY BROUGHT IN 110,000 ILLEGAL MIGRANTS.
always enjoy watching your videos. can you make a video about the new capital city of Indonesia. There are many channels that have made videos about it, but it would be interesting to see what BM1 thinks about Indonesia's new capital. Greetings from Indonesia. 🙏👍
You get the government you vote for. I’m tired of people not realizing that throwing money at a broken system (government subsidies) has not, does not, and will never work. You need a heck of a lot more units than this building. You probably need about 1200 such buildings to fix the affordability crisis, but people want to haggle so much about how it gets done we’ll never get there.
Should have rebuilt the world trade as they were. NY city missed the boat on this building.
It's sacrilege to build anything at all on that site. The entire area should be set aside as a place of perpetual remembrance, grieving and mourning for the family members we lost there. How dare the politicians spit on the memories of our loved ones just to make a buck
The entire area should have remained as a memorial park....the empty space in the skyline would have been a reminder of everything and everyone lost that day.....Id rather they built up central park if they needed the office space.
That was what many victims’ families originally lobbied for, but eventually a compromise was reached to only not rebuild on the towers’ footprints for the memorial. The new towers were built on WTC’s former low rises.
@@jasonrackawack9369 Exactly. A grave in a cemetery is not enough for me. Like all Americans I want more, more, more! My own emotions are the most important thing in the universe.
live where you can afford it. i know i do. actually i live well below what i can afford and i love it. more stays in my pocket.
They should make 2 World Trade Center and 5 World Trade Center mixed use buildings. It's sad to think that neither tower will be completed in time for the 30th anniversary of 9/11 😢.
By the way, this has to be one of the most interesting videos about the new World Trade Center development. I loved the video on 2 World Trade Center as well. Thank you BM1 🤝🙏.
Great, tasteful video on a touchy subject. I remember subscribing to this channel when it was a fledgling-incredible to see it deservedly balloon into such a huge phenomenon on TH-cam.
Beautiful work. Moments can be more beautiful with camera eye. cheers!
My one serious question is if 9/11 survivors really do want to live right next to the site of one of the most traumatic incidents of their entire lives.
Why should it be down to them though? Nothing will ever be constructed on the actual footprints, the pools. There should be no objection to anything being constructed on the site where 4, 5, or 6 stood. Plus the site of the future 5 WTC wasn't in the original complex, it was effectively in the general vicinity of the now demolished Deutsche Bank Building.
@@leeriches8841I'm very familiar with the old and new site plan and don't believe that the towers should be rebuilt in their footprint. I just don't think that families and survivors of 9/11 would be able to live overlooking the site of where the most traumatic event of their life occurred.
I really like the design of 5 WTC. Let's hope they make the split of "affordable housing" and other uses in it make sense, and not a segregated experience either as so often seems to be the case in NYC.
That West Side building that planned on a "poor door" in the back, with only the rich folks getting to use the lobby, caught so much flak that it was re-designed. Luxury units will always be on the top floors, but that's pretty much the only segregation allowed.
My main beef is that for every 100 affordable units extracted from the developers, we have to go through years of _sturm und drang._
Who would want live right there reminded of 911 everyday? 😩 Depressing.
Very subjective and symbolic use of key public funds. Money could do so much more just few miles north or east for a greater number of families who need it....also where a lot them actually live and have links/connections to as opposed to slap bang in the middle of a tourist area
The wtc site keeps getting dumber and dumber 🤦🏼♂️. It’s all a big mess and it’s unbelievable that it’s taken this long to rebuild. No coherence in the buildings either. Also who would ever possible want to live in a place where their family member died such a horrible death???
Love the B1M content! What happened to your 4K uploads!?
They should have just rebuilt them
@@WaveSleeper okay there.
Affordable housing for whom?
The rich
Residential properties often are not used for housing. They are often bought for investments and left empty.
If it had been built already, there would be 300 affordable homes there. Because of delays over this argument, there are zero. Bravo
Should've been rebuilt just like it was honestly
Hear hear!
Why? The previous 5WTC was a 9 story office building? On the space of what is now a memorial garden?
Well-explained! Keep it up.
Only for the Rich and Uber Rich!
Considering rent in New York the housing will be 5k a month minimum
Subsidized housing for police, fire, port authority first responders.
Why aren't you calling out silverstein for attacking Americans?
Uhhhh what in the tin foil hat?
What????
The title of the video is somewhat irrelevant to the issue of affordable housing. I used to live across the street from the WTC site. It’s not a question of who should.
If NYC didn't disincentive developers so much they wouldn't have a housing crisis.
True - if developers had their way, we'd have tons of housing: expensive luxury housing. They won't build "affordable" unless the gov't forces them to.
@@jpdemer5 They won't build affordable housing because there's no way to do so and sustain a business. Leaving aside the absurd price of land on Manhattan, the NYC government has made it entirely unprofitable to build anything but luxury apartments.
@@hughmungusbungusfungus4618 What regulations make it necessary to build luxury condos? All the regulations I know of are designed to encourage affordable housing.
@@jpdemer5 They do the exact opposite. Rent control, especially, has contributed to the dwindling housing stock in the city.
@@hughmungusbungusfungus4618 New construction is not rent controlled.
Oh no 500 mil, that’s pocket change for the government
So basically government is the problem with their interventionism when in reality market forces would ebb and flow in cities like NY creating periods of growth and gentrification with building going up and sprawling outward with periods of decadence created decline from over collateralization where less wealthy people would all of a sudden not be priced out and would move in restarting the cycle. Also, very sad they didn't just remake the towers but taller.
You need to increase supply to a point owning them and using them as speculation is worthless because everyone has one. Until then, you'll always need more housing. Wallstreet will keep on borrowing to gobble them up
Affordable housing/fixed rent pricing is a scam. It helps no one.
I dont think people understand how much money 5500 is outside the US. I work as a security analyst for a law firm in LA. I make about 4600 USD in a month and split the rent with my roommate.
2/3 of New York City's 3.4 million housing units are owned by investors.....reduce how many investment properties investors can buy (domestic and international) and leave the supply side of economics to resolve the unaffordability issue.
Would people want to live in Hiroshima, after what happened there? Apparently, yes. Today Hiroshima is a beautiful and thriving city, completely rebuilt. Why not also New York City?