About World Trade Center Tower 5
Five World Trade Center, also referred to by its street address, 130 Liberty Street, is a proposed building to be located in New York City. It will be located on Site 5 of the new World Trade Center complex, but not exactly on the main 16-acre plot of land as the other four buildings. If constructed, it will be built on the site of the former Deutsche Bank Building, following its demolition. In June 2007, it was announced that financial service JPMorgan Chase planned to develop the building as a new J.P. Morgan Investment Bank world headquarters; however, JPMorgan's March 2008 acquisition of Bear Stearns has put the future of the 130 Liberty Street site in question, as the company is now planning to relocate its J.P. Morgan Investment Bank headquarters to 383 Madison Avenue. Tower Five was expected to be designed for residential or mixed use in the original master plan for the complex. The building was to have a height limit of 900 feet (270 m) and up to 1,500,000 square feet (139,000 m) of space.