The Full Wiki

Deutsche Bank Building: Wikis


Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.


From Wikipedia, the free encyclopedia

View from the southeast in 1997.
View during deconstruction in December 2006.
View during deconstruction in January 2008.
View of the building during the fire of August 18, 2007

The Deutsche Bank Building at 130 Liberty Street in New York City, United States, adjacent to the World Trade Center (WTC), opened in 1974 as Bankers Trust Plaza. The building was acquired by Deutsche Bank when it acquired Bankers Trust in 1998. The Deutsche Bank Building was heavily damaged in the September 11, 2001 attacks after being blasted by the avalanche of debris, ash, dust and smoke that spread from WTC. The building has been in ruins ever since. According to the update published by the Lower Manhattan Development Corporation, its deconstruction is still ongoing as of 2010.[1] World Trade Center Tower 5 will eventually replace the building following the deconstruction, expanding the ground space on which the World Trade Center stands, as this land was not part of the original World Trade Center.

After several lengthy delays, it was announced on October 8, 2009 that deconstruction of the Deutsche Bank Building was to resume.

The building was designed by Shreve, Lamb and Harmon which also designed the Empire State Building and Peterson & Brickbauer.



View of the site following the attacks. The Deutsche Bank Building is visible behind an angled red crane.

The collapse of 2 World Trade Center during the September 11 attacks tore a 24-story gash into the facade of the Deutsche Bank Building and destroyed the entire interior of the structure. Steel and concrete were sticking out of the building for months afterward. This was eventually cleaned up but it was decided that the 42 story ruin was to be taken down. After the 9/11 attacks, netting was placed around the remains of the building. The bank maintained that the building could not be restored to habitable condition, while its insurers sought to treat the incident as recoverable damage rather than a total loss. Work on the building was deferred for over two years during which the condition of the building deteriorated.


In 2002, more than one year after the attacks, a number of putrefied human remains were found inside the building.[citation needed] The remains had been ejected there by the explosions across Liberty Street. Additionally, in September 2005, even more human remains were found on the roof.[2] In March 2006, construction workers who were removing toxic waste from the building before deconstruction found more bone fragments and remains. This has prompted calls from victims' family members for another search of the building by forensic experts. In 2006, between April 7 to April 14, more than 300 human bone fragments were discovered in the ballast gravel on the roof. Workers sifted through the gravel to find more remains. In total, more than 700 bone fragments were discovered on the roof of the building.[citation needed]


The cost of this deconstruction has steadily increased as large amounts of toxic dust associated with the collapse of the World Trade Center, asbestos, dioxin, lead, silica, quartz, polycyclic aromatic hydrocarbons, chromium and manganese have been found in the building.[citation needed]

On February 27, 2004, an agreement was announced to settle the disposition of the building and insurance claims. Later that year as part of this agreement, the Lower Manhattan Development Corporation acquired the land and commenced its deconstruction.[3]

An Associated Press December 7, 2006 report indicated that the building would be dismantled. The report indicated that area residents were fearful of possibly toxic dust associated with the two towers' collapses within the building.[4]

Deconstruction began in March 2007. However, due to a fire on August 18, 2007, work was suspended. A city stop-work order was lifted in April 2008 and decontamination work began again in May of the same year. As of today, the building still stands at 130 Liberty Street.[5]

Deconstruction was originally scheduled to be completed at the end of 2008. However, the building is still standing as of September 2009. On September 1, 2009, news reports said that the building could take as many as six months before deconstruction is complete. In October 2009, it was announced that deconstruction of the building would finally resume.


May 2007 incident

On May 17, 2007, work was halted after a 22-foot section of pipe being cut by workers fell 35 stories and through the roof of "The Ten House", home to Engine 10 and Ladder 10 of the Fire Department of New York. Two firefighters were injured by the original falling debris, although they were not struck by the pipe itself.[6]

August 2007 fire

On August 18, 2007 at approximately 3:40pm, a seven-alarm fire broke out on the 17th floor of the building, caused by workers smoking, carelessly and in violation of the building's safety rules. By this time, the skyscraper, once 41 stories, had been reduced to 26, with crews removing a floor a week. At the time of the fire, crews were removing asbestos. The fire spread in both directions, affecting a total of 10 floors. The floors were filled with a maze of protective polyurethane sheets which were designed to prevent the spread of asbestos, but which also trapped smoke making fighting the fire extremely difficult. Firefighting was additionally hampered as the building did not have a functioning standpipe, forcing firefighters to raise hoses up from the street to combat the flames. The building had not been inspected since March, when it should have been inspected every 15 days. The fire burned into the night before being extinguished. The fire injured 115 firefighters, 46 seriously enough to require medical leave, and killed two firefighters, Joseph Graffagnino, 33, of Brooklyn, and Robert Beddia, 53, of Staten Island, who succumbed on the 14th floor to smoke inhalation and carbon monoxide poisoning. Plans to deconstruct the building continued as quickly as possible.[7][8] In 2008, the Manhattan District Attorney indicted three construction supervisors and demolition subcontractor John Galt Corporation.[9]

Current progress

In October, 2009, it was announced that deconstruction of the Deutsche Bank Building would finally resume, and as of March, 2010, the building has been reduced to 21 stories. According to the Lower Manhattan Development Corporation, demolition of floors 19 through 21 is currently in progress, and the building is expected to be dismantled at a rate of two floors per month. If the deconstruction continues at this rate, then the building will finally be gone by January of 2011.

Future of the 130 Liberty Street site

Negotiations over the World Trade Center site concluded in April 2006 with private developer Larry Silverstein yielding his right to develop on the site designated for Tower Five to the Port Authority of New York and New Jersey in exchange for assistance in financing Towers Two, Three, and Four.[citation needed] Mayor Michael Bloomberg later claimed there wasn't enough demand for office space to fill the five towers included in the World Trade Center's master plan and called for a major revision of the plan to include housing and hotels. But the demand for Manhattan office space, including downtown, has boomed since 2006, and January 16, 2007, financial giant JPMorgan Chase was in talks with the Port Authority about developing the new 5 World Trade Center skyscraper into a corporate tower, which would prevent Mayor Bloomberg's push to use the site for housing.

Several sources familiar with JPMorgan Chase's talks with state and Port Authority officials said the firm's bid to develop the proposed 57-story tower for major corporate tenants is being taken seriously by the bistate agency. In fact, sources said, JPMorgan Chase is not the only corporate bidder for the site.[citation needed]

To make the commercial deal work, the Port Authority would have to agree to expand the size of Tower 5's base in order to accommodate the large, lower-level floors needed for trading rooms, a requirement for most financial-services firms.[citation needed]

On June 14, 2007, Bloomberg and then-Governor Eliot Spitzer announced that JPMorgan Chase had won the bid to buy and build the new tower at 130 Liberty Street to replace the Deutsche Bank Building.[citation needed]

However, after the acquisition of Bear Stearns by JPMorgan Chase in March 2008, the future of 130 Liberty Street has been put into question as JPMorgan Chase has announced that it intends to move into Bear Stearns' old headquarters at 383 Madison Avenue. If JPMorgan Chase does not renew their bid, the site would likely be used for a residential tower, as per Bloomberg's plan prior to JPMorgan Chase's bid.

A major turning point was on May 11, 2009, when the Port Authority proposed to reduce the amount of office space in the overall World Trade Center site to almost half of the original amount. In order to do this, they proposed reducing the second and third-tallest buildings on the site to low-rise retail "stump" buildings of approximately four stories, as well as completely cancel the construction of 130 Liberty Street. Thus, it has been brought into question as to what exactly will be done with the site once the Deutsche Bank Building's remains are completely gone.

See also


External links

Coordinates: 40°42′35″N 74°00′48″W / 40.70972°N 74.01333°W / 40.70972; -74.01333


Got something to say? Make a comment.
Your name
Your email address