JPMorgan plans to develop WTC site

Sign Up for the undefined Newsletter

As first reported by The Real Deal, JPMorgan Chase still plans to develop the 5 World Trade Center site at the former Deutsche Bank building, despite its new plan of moving its investment banking business to the Bear Stearns building, which it acquired when it bought the firm this week. A JPMorgan spokesman says, “We are exploring other alternatives there and believe we can use it.” The Real Deal reported yesterday that JPMorgan might buy the development rights at the site, which it had planned on leasing.  

Recommended For You