The Port Authority’s World Trade Center site will offer retail facilities second to none, with a vast array of shopping, dining and entertainment offerings.
The Port Authority is collaborating with the Westfield Group – a major, worldwide retail property owner – to develop, lease and operate more than 350,000 square feet of shopping and dining space seamlessly integrated into the World Trade Center site. Work has already begun on a 16,000 square foot, street-level retail concourse located along a pedestrian walkway on Cortlandt Street. A street-level retail presence will also exist along Church and Dey Streets and above-grade in Towers 3 and 4.
In addition, the stunning World Trade Center Transportation Hub will feature retail opportunities in its multiple concourses that connect to the rest of the World Trade Center site and multiple transit modes. When developed, Tower 2 is anticipated to include 90,000 square feet of retail space.
The World Trade Center retail complex will be a centerpiece for the entire Lower Manhattan area, a district that is experiencing rapid growth in office occupancy, residential population, commuter traffic and tourism. With the lure of the World Trade Center and convenient access to many modes of public transportation, the area attracts millions of visitors each year.
Westfield Group has one of the world’s largest shopping center portfolios, encompassing the United States, United Kingdom, Australia and New Zealand. Its centers generate more than 1.1 billion customer visits and over $40 billion in retail sales every year. Westfield’s strategy is to develop superior retail destinations in major cities by integrating food, fashion, leisure and entertainment and by using technology to better connect retailers with consumers.