NEW YORK (WCBS 880) – The latest Census figures revealed that Lower Manhattan is growing rapidly and shows no signs of slowing down.
LISTEN: WCBS 880’s Sean Adams reports
Community board one chair Julie Menin said that there are still a number of sites available for more housing.
“When it keeps growing, we still have vacant sites that are in Lower Manhattan,” Menin said. “We have a number of them. We also have on the Deutsche bank site a 1.3 million square-foot parcel that we’ve been pushing very hard to get developed as residential.”
Right now the master plan calls for Tower 5 to rise on the Deutsche bank site.
The Port Authority bill has indicated it is going to wait a few years to see what the market calls for. It could either become more office space or more apartments.
“We have many, many other sites all throughout the Financial District,” Menin said. “There are very few other places in the city that have that kind of vacant land.”