{"id":146195,"date":"2026-02-26T15:44:39","date_gmt":"2026-02-26T15:44:39","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/146195\/"},"modified":"2026-02-26T15:44:39","modified_gmt":"2026-02-26T15:44:39","slug":"american-express-details-plan-for-2-million-sq-ft-headquarters-at-world-trade-center-site-real-estate-nj","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/146195\/","title":{"rendered":"American Express details plan for 2 million sq. ft. headquarters at World Trade Center site \u2013 Real Estate NJ"},"content":{"rendered":"

Located at 200 Greenwich St. in Lower Manhattan, American Express\u2019 new headquarters will span nearly 2 million square feet, occupying a site owned by the Port Authority of New York and New Jersey under a ground lease with developer Silverstein Properties. \u2014 Renderings courtesy: American Express<\/p>\n

By Joshua Burd<\/p>\n

A site owned by the Port Authority of New York and New Jersey will become American Express\u2019 new home in Lower Manhattan, where plans call for a nearly 2 million-square-foot tower that will mark the last office building at the rebuilt World Trade Center campus.<\/p>\n

According to details announced Wednesday, Silverstein Properties will build the 55-story property at 2 World Trade Center. The credit card giant will be the sole occupant of the new building, which is being designed by Foster + Partners, with groundbreaking slated for this spring and completion slated for 2031.<\/p>\n

The JLL capital markets team led by Senior Managing Director Drew Isaacson and Savills capital markets team led by Vice Chairman David Heller acted as advisers to the Port Authority on the ground lease agreement that will enable the development. Cushman & Wakefield\u2019s Peyton Horn, Dale Schlather, Lou D\u2019Avanzo and Kyle Ernest led the team that advised American Express on the development and ground lease transactions.<\/p>\n

\u201cThis is an investment in our company\u2019s future, our colleagues and the Lower Manhattan community, reaffirming our deep commitment to the neighborhood we\u2019ve called home for nearly two centuries,\u201d American Express CEO Stephen J. Squeri said. \u201cOur new headquarters will be more than just a building \u2014 it will be a place for our colleagues to feel energized, inspired and proud \u2014 a home for innovation, interaction and growth. We\u2019re excited to work with our partners and local leaders to shape this exciting new era for American Express and Lower Manhattan.\u201d<\/p>\n

\"\"Located at 200 Greenwich St., the project represents a major milestone in the continued buildout of the 16-acre World Trade Center campus and reinforces Lower Manhattan as a hub for commerce, tourism, transit, culture and community, according to a news release. Officials expect the development to create more than 2,000 union construction jobs and 3,200 total jobs in New York City, with an estimated contribution of some $5.9 billion to the city\u2019s economy and $6.3 billion to the New York State economy overall.<\/p>\n

When complete, the building will have capacity to host up to 10,000 colleagues across flexible and modern workspaces and more than an acre of outdoor space with several greenery-filled terraces and gardens and sweeping views of the Manhattan skyline, the news release said. The project will also pursue certification on the U.S. Green Building Council\u2019s Leadership in Energy and Environmental Design scale, with plans calling for advanced smart-building technology and fully electric, energy-efficient systems.<\/p>\n

\u201cMoving forward with the final commercial office building at the World Trade Center marks an important milestone for this campus and for the region,\u201d said Kevin O\u2019Toole, the Port Authority\u2019s chairman. \u201c2 World Trade Center strengthens one of the country\u2019s most significant centers of commerce and transportation and reflects the sustained focus required to advance projects of this scale.\u201d<\/p>\n

Silverstein Properties CEO Lisa Silverstein added: \u201cAmerican Express\u2019 investment to build its new headquarters in this landmark location is a powerful statement about the future of Lower Manhattan. I can\u2019t imagine a better partner to complete the World Trade Center campus than American Express, an iconic institution embodying the strength, resilience and global significance of the project.\u201d<\/p>\n

American Express moved to its current headquarters at 200 Vesey St. in 1986 and has made significant investments over the decades to support its New York-based colleagues, the neighborhood\u2019s economic vibrancy and the local community, the news release said.<\/p>\n

\u201cThe evidence keeps building: There is no better state than New York to do business, and from flagship corporations to small businesses, we are seeing employers plant their flag in our state for generations to come,\u201d New York Gov. Kathy Hochul said.\u00a0\u201cBuilding 2 World Trade Center will bring another iconic skyscraper to Lower Manhattan, create thousands of good-paying union jobs, and provide billions\u00a0in\u00a0economic benefits to New Yorkers. Thank you to American Express for doubling down on your commitment to New York and to partners at the Port Authority for getting this deal done.\u201d<\/p>\n

New York City Mayor Zohran Kwame Mamdani added: \u201cThe completion of the final commercial tower at the World Trade Center is more than an investment \u2014 it\u2019s a testament to the power of union labor and the dignity of work. This project represents thousands of good, union jobs that sustain families and strengthen our communities. When we invest in New York, we must ensure that investment flows to working people \u2014 to the carpenters, electricians, and laborers who quite literally build this city. That\u2019s how we grow our skyline and our economy at the same time: by putting working New Yorkers first.\u201d<\/p>\n


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