American Express has confirmed it will construct a new global headquarters at 2 World Trade Center in Lower Manhattan, with the building scheduled for completion in 2031.
The company will own and occupy the entire building, which will be located at 200 Greenwich Street on land leased long-term from the Port Authority.
The development marks the final commercial office project on the World Trade Center campus and is expected to create more than 3,200 direct and indirect construction-related positions during its build.
The new site will span nearly two million square feet across 55 floors and provide workspace for up to 10,000 employees.
Facilities will include flexible offices and outdoor areas, including terraces and gardens, fitted with smart-building technology and fully electric systems.
The project will target Leadership in Energy and Environmental Design (LEED) certification.
Silverstein Properties serves as the developer with Foster + Partners acting as design architect. Construction is planned to begin in spring 2026.
During this period, the development is projected to contribute approximately $5.9bn to New York City’s economy and $6.3bn statewide.
American Express chairman and CEO Stephen Squeri said: “Our new headquarters will be more than just a building — it will be a place for our colleagues to feel energised, 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.”
American Express will continue its operations at its current location on 200 Vesey Street until the move is completed.
New York Governor Kathy Hochul said: “Building 2 World Trade Center will bring another iconic skyscraper to Lower Manhattan, create thousands of good-paying union jobs and provide billions in economic 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.”
Since relocating its headquarters to Lower Manhattan in 1986, American Express has maintained operations in the area and invested in local economic activity.
The company stated that the new building project is not expected to have a material impact on financial results.
