Plans to finally bring apartments to the World Trade Center site have been thrown into neutral, with the Port Authority of New York and New Jersey telling local leaders that the long‑discussed 5 World Trade Center tower is on pause as construction costs spike. The project was billed as the only residential building on the rebuilt campus, with roughly 1,200 apartments and about one third promised as affordable. Officials insist this is a timeout, not a kill shot, but the pause leaves a badly needed batch of Lower Manhattan housing stuck in limbo.
Port Authority official: Project on pause
At a recent Manhattan Community Board 1 meeting, Port Authority deputy chief Hersh Parekh told members the plan is “currently on pause” while the agency and its…..