American Express (NYSE: AXP) has unveiled plans for a new global headquarters at 2 World Trade Center in Lower Manhattan.
The building will be developed on land owned by the Port Authority of New York and New Jersey under a long-term ground lease. This marks the final aspect of the post-9/11 rebuilding of the World Trade Center property.
The company will be the sole owner and occupant of the new building, which will encompass nearly two million square feet across 55 floors and host up to 10,000 employees. The site will also feature more than an acre of outdoor space with several greenery-filled terraces and gardens.
Silverstein Properties is the developer and Foster + Partners is the design architect for the project, which is being created with the goal of achieving Leadership in Energy and Environmental Design (LEED) certification.
Construction will begin this spring, with completion expected by 2031. The company will retain its current headquarters at 200 Vesey Street in Lower Manhattan until the completion of the project.
“This is an investment in our company’s future, our colleagues, and the Lower Manhattan community, reaffirming our deep commitment to the neighborhood we’ve called home for nearly two centuries,” said Stephen J. Squeri, chairman and CEO of American Express. “Our new headquarters will be more than just a building — it will be a place for our colleagues to feel energized, inspired, and proud — a home for innovation, interaction, and growth. We’re excited to work with our partners and local leaders to shape this exciting new era for American Express and Lower Manhattan.”
