NYC WTC Tower Deal Nears, Amex Eyes Final Slot
Is American Express Relocating to 2 World Trade Center? How close the talks are has become the central issue in American Express negotiations to relocate from 200 Vesey Street to 2 World Trade Center in Lower Manhattan. Bloomberg reported discussions are advanced, but American Express has not confirmed an agreement or announcement. If finalized, American Express would likely serve as an anchor tenant needed to unlock financing and help push the project toward construction. Deal Status Raises Market Pressure Silverstein Properties manages 2 World Trade Center, and the company is described as nearing a decision. A recent example of private investment aimed at downtown revitalization includes Ben Kinney’s over $10.1 million acquisition of Bellingham’s historic Flatiron building to establish corporate headquarters and spur local economic activity. Any commitment would be a Manhattan leasing event, with 200 Vesey Street expected to be vacated upon completion. Operational Stakes for Anchor...