Five World Trade Center, also referred to by its street address 130 Liberty Street, is a 42-story World Trade Center building proposed in New York City. It was planned to be situated on Site 5 of the new World Trade Center complex, but not fully part of the main 16-acre (6.5 ha) plot of land as the other four buildings, that was the original World Trade Center site. At one time, the building was planned for the former Deutsche Bank Building site. In June 2007, JPMorgan Chase announced plans to develop the building as a new J.P. Morgan Investment Bank world headquarters; however, JPMorgan's March 2008 acquisition of Bear Stearns put those plans in doubt, given the company will relocate its J.P. Morgan Investment Bank headquarters to 383 Madison Avenue. This building shares its name with the original 5 WTC, which was heavily damaged during the collapse of the North Tower. It was the least damaged building of the World Trade Center complex and was later demolished by weakening its internal structure and using cables to pull down the rest of the structure, the same way 4 World Trade Center and 6 World Trade Center were demolished.
Read more about Five World Trade Center: Original Building (1970-2001), Proposed Building
Famous quotes containing the words world, trade and/or center:
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