Resolution Criteria

The market resolves YES if 2 World Trade Center is substantially completed by December 31, 2031. "Substantially completed" means the building has received its Certificate of Occupancy from the City of New York and American Express has begun occupying the building. Resolution can be verified through official announcements from Silverstein Properties, American Express, or the Port Authority of New York and New Jersey, as well as NYC Department of Buildings records at https://a810-bisweb.nyc.gov/bisweb/QueryByBbl.html.

Background

Foundation work was completed in 2013, but the project stalled for over a decade while seeking an anchor tenant. In 2026, American Express announced it would develop and occupy a new headquarters tower on the site, with construction scheduled to begin that year and completion expected in 2031. The 1,226-foot-tall, 55-story office tower is designed by Foster + Partners and will span nearly two million square feet across 55 floors.

Considerations

The project has a history of delays and timeline revisions. Construction on the substructure began in 2007 but stalled in 2012, leaving it at street level for nearly 14 years. The 2031 completion date assumes construction begins as scheduled in spring 2026 and proceeds without major disruptions. Large-scale Manhattan construction projects frequently experience delays due to permitting, labor availability, supply chain issues, and unforeseen site conditions.

This description was generated by AI.