More than 20 years after the Sept. 11 attacks, a 900-foot apartment tower could soon rise at the World Trade Center site. The 80-story project at 130 Liberty Street, would include 1,200 apartments — of which 25 percent, or 300 units, would be permanently rented at below-market value — as well as office, retail and community space. A team led by the developers Brookfield Properties and Silverstein Properties could begin construction in 2023, if approvals are met.
High land prices fueled by luxury developers will test whether Grubb’s brand of affordable housing, built on innovations from more suburban markets, can be adapted to New York City. Time is of the essence: The city’s most generous property tax abatement program, known as 421a, or Affordable Housing NY, expires in June