Another design for a new tower to be located at the World Trade Center site has been unveiled. That building, known as WTC 5, is a 40-storey glass and steel tower designed by Kohn Pederson Fox. The building, which will be the headquarters for the investment firm J.P. Morgan Chase, will replace the troubled Deutsche Bank building that was damaged in 2001 by the terrorist attacks and again this year by a fire that occurred during the building’s dismantling. The design of the new tower has drawn criticism from the public, particularly the residents of Lower Manhattan. At issue is the building’s cantilever, which consists of seven large trading floors that will jut out over an adjacent church and park. The concern is that the cantilever will cast a large shadow over the site for much of the day. But that concern was recently quelled by lead architect, Eugene Kohn, who told residents at a local community meeting that a shadow study conducted by his firm shows that the shadows of greatest concern to the site are actually caused by the surrounding WTC buildings yet to be built WTC 5 will house 1.3 million square feet of space. The building is scheduled for completion in 2013.