Award: Office tower
Value: Undisclosed
Location: New York City
Client: American Express
A New York City-based contractor will begin construction activity this spring on the final commercial tower of the World Trade Center rebuild in Lower Manhattan, according to multiple news releases.
American Express recently tapped Turner Construction to lead the base building construction, including the tower’s core and shell, at its new state-of-the-art global headquarters at 2 World Trade Center, the financial services giant confirmed with Construction Dive. Officials did not share the total project cost.
The project will span nearly 2 million square feet across 55 floors, according to a Wednesday news release from American Express. Plans also call for more than an acre of outdoor space with several lush terraces and gardens along with views of the Manhattan skyline.
“Moving forward with the final commercial office building at the World Trade Center marks an important milestone for this campus and for the region,” said Kevin O’Toole, chairman of the Port Authority of New York and New Jersey. “2 World Trade Center 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.”
Along with Turner, American Express selected New York City-based Silverstein Properties as the developer and London-based Foster + Partners as the design architect for the project.
The building will be developed on land owned by the Port Authority of New York and New Jersey under a long-term ground lease. Once complete, the project will generate about $5.9 billion to New York City’s economy and about $6.3 billion to the state of New York economy overall, according to a press release from the office of Gov. Kathy Hochul.
“This project represents thousands of good, union jobs that sustain families and strengthen our communities,” New York City Mayor Zohran Mamdani said in the release. “When we invest in New York, we must ensure that investment flows to working people — to carpenters, electricians, and laborers who quite literally build this city.”
American Express moved to its current headquarters at 200 Vesey Street in New York City about four decades ago in 1986. The company will retain that office until the completion of the new global headquarters, according to the firm.
Turner will begin construction activity this spring, and expects to complete the project in 2031, according to American Express.
