2 World Trade Center

Image Courtesy of Foster Partners

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; Groundbreaking in Spring 2026

New American Express Building To Be Developed by Silverstein 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 today announced that American Express will build a new state-of-the-art global headquarters at 2 World Trade Center in Lower Manhattan, marking the completion of the final commercial office building at the World Trade Center campus. Spanning nearly two million square feet across 55 floors, the new American Express building 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 occupant of the new building, which is expected to be completed in 2031.

Located at 200 Greenwich Street, 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. With construction anticipated to begin in the spring of 2026, the development 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 new headquarters will be custom designed to foster innovation, collaboration and well-being for colleagues, while reinforcing the company’s deep roots in New York City. Spanning nearly two million square feet across 55 floors, the building 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. Designed with advanced smart-building technology and fully-electric, energy-efficient systems, the project will pursue Leadership in Energy and Environmental Design (LEED) certification

American Express moved to its current headquarters at 200 Vesey Street in 1986. American Express expects to begin welcoming colleagues to the new building in 2031. The company will retain its current headquarters at 200 Vesey Street until the completion of the project.

The Port Authority of New York and New Jersey is a bi-state agency that builds, operates and maintains many of the most important transportation and trade infrastructure assets in the country. For over a century, the agency’s network of major airports; critical bridges, tunnels and bus terminals; a commuter rail line; and the busiest seaport on the East Coast has been among the most vital in the country – transporting hundreds of millions of people and moving essential goods into and out of the region. The Port Authority also owns and manages the 16-acre World Trade Center campus, which welcomes tens of thousands of office workers and millions of annual visitors. The agency’s historic $45 billion capital plan for 2026-2035 advances a new generation of projects that will modernize, strengthen, and expand the agency’s infrastructure around the region, including: a new Midtown Bus Terminal, transformations at John F. Kennedy International Airport (JFK) and Newark Liberty International Airport (EWR), and a new era for PATH, with major service increases. The Port Authority’s annual budget of $10 billion includes no tax revenue from either the states of New York or New Jersey or from the city of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit.