Project Will Create More than 2,000 Union Construction Jobs and Generate Billions in Economic Impact
Final Commercial Office Building Advances Completion of the World Trade Center Campus
New American Express Building to be Developed by Silverstein Properties on Land Owned by the Port Authority of New York & New Jersey
Nearly Two Million Square Feet of Modern Office Space Will Help Drive Lower Manhattan’s Continued Growth
Governor Kathy Hochul celebrates the groundbreaking for 2 World Trade Center, which will be the final commercial office tower to be built on the World Trade Center campus and will become the new state-of-the-art global headquarters of American Express. With more than 2 million square feet of space over 55 floors, the new tower will be developed by Silverstein Properties on land owned by the Port Authority under a long-term ground lease. Foster + Partners is the design architect for the project. American Express will be the sole owner and occupant of the new building, which is expected to be completed in 2031.
“This is a major milestone towards cementing the status of the World Trade Center campus as a premier location in our city for businesses from around the world to grow and thrive,” Governor Hochul said. “From the union labor who will build this remarkable tower, to the thousands of American Express employees who will work here for generations to come, 2 World Trade Center will be a shining symbol of the resilience, excellence and opportunity that defines Lower Manhattan.”
Located at 200 Greenwich Street, 2 World Trade Center’s completion will be the final milestone in the commercial buildout of the 16-acre World Trade Center campus and reinforces Lower Manhattan as a hub for commerce, tourism, transit, culture and community. The project represents a significant investment in the future of work, technology, and the ongoing economic vibrancy of Lower Manhattan.
Construction of 2 World Trade Center is expected to create over 2,000 union construction jobs and 3,200 total jobs in New York City during the duration of the project, with an estimated contribution of approximately $5.9 billion to the City’s economy and $6.3 billion to the New York State economy overall. The project will use 100 percent union labor to complete the core and shell and core interior construction work.
The new headquarters will be custom designed to foster innovation, collaboration and well-being for colleagues, while reinforcing American Express’ deep roots in New York City. At 1,226 feet in height the new tower will have capacity to host up to 10,000 colleagues across flexible and modern workspaces designed to inspire collaboration and creativity. It will feature more than an acre of outdoor space with several greenery-filled terraces and gardens and sweeping views of the Manhattan skyline. Sustainability is integral to the project, which is designed with advanced smart-building technology and fully electric, energy-efficient systems, the project will pursue Leadership in Energy and Environmental Design (LEED) certification.
This project reinforces American Express’ longstanding commitment to Lower Manhattan, where the company had a presence since its founding in 1850. Currently headquartered at 200 Vesey Street since 1986, American Express expects to begin welcoming colleagues to the new building in 2031. The company will retain its current Vesey Street headquarters until the completion of the project.
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