In February 2021, a new design was announced for the new 5 World Trade Center to be developed by Silverstein Properties and Brookfield Properties. The new design calls for a mixed use tower rising 80 stories. The tower will comprise mainly residential units with 25 percent of the apartments being set aside for affordable housing. The base of the tower will include the lobbies, of retail, a floor of public space and of office space spread across 6 floors. Construction is scheduled to begin in 2023.