American Express announced Wednesday that it will build a new global headquarters at 2 World Trade Center in Lower Manhattan on land owned by the Port Authority of New York and New Jersey.
The project will be built by Silverstein Properties under a long-term ground lease. American Express will be the sole occupant of the new building, which features nearly 2 million square feet of office space.
Silverstein Properties is scheduled to break ground at the 200 Greenwich Street site in the spring and complete the structure in 2031.
This marks the completion of the final commercial office building at the World Trade Center campus.
JLL Capital Markets, led by Senior Managing Director Drew Isaacson, and Savills Capital Markets, led by Vice Chairman David Heller, acted as advisors to the Port Authority on the ground lease agreement for 2 World Trade Center.
Port Authority of New York and New Jersey Executive Director Kathryn Garcia said in a release that building the 55-story 2 World Trade Center marks a major step forward for Lower Manhattan and underscores the strength, vibrancy, and resurgence of the World Trade Center campus and New York.
“It adds to the momentum of a site that supports work, transit, culture, tourism, and community on a daily basis,” according to the release.
More than an acre of outdoor space with several greenery-filled terraces and gardens and sweeping views of the Manhattan skyline are planned.
Port Authority of New York and New Jersey Chairman Kevin O’Toole said in a release that the property “strengthens one of the country’s most significant centers of commerce and transportation and reflects the sustained focus required to advance projects of this scale.”
Port Authority of New York & New Jersey Vice Chairman Jeffrey Lynford said sustained commercial activity on the campus supports reliable revenue that invests in the transportation network the region relies on every day.
