Brookfield Place (New York City)
The World Financial Center is a complex of office buildings located across West Street from the World Trade Center site in Lower Manhattan in New York City. Overlooking the Hudson River, the World Financial Center has been home to offices of various companies including Merrill Lynch, RBC Capital Markets, Nomura Group, American Express and Brookfield Asset Management, among others. In 2014, the World Financial Center will be renamed Brookfield Place following the completion of extensive renovations.
The World Financial Center is owned by Toronto-based Brookfield Office Properties, except for the spaces occupied by American Express, which is owned by the American Express Company. The World Financial Center also serves as the United States headquarters for Brookfield Office Properties, which has its headquarters located in Three World Financial Center. The World Financial Center also has its own zip code, 10281. The building's original developer was Olympia and York of Toronto, Canada.
Design and construction
Designed by César Pelli, with Adamson Associates, the complex was built by Olympia and York between 1982 and 1988 on landfill used to build Battery Park City. The fill material came from dirt excavated during the building of the World Trade Center, as well as garbage, dirt and debris.
September 11 attacks
In the September 11 attacks Three World Financial Center had a massive piece of steel shot into its east side, and other debris severely damaged the lobby and lower floors causing the building to be in danger of collapse. It has since been fully restored and significant repairs were made to the other buildings in the complex. The Winter Garden had received major structural damage to the glass and steel frame but was ceremonially reopened on September 11, 2002.
- One World Financial Center (1986), height 577 ft (176 m), 40 stories
- Address: 200 Liberty Street
- Leasable area: 1,628,000 ft² (151,000 m²)
- Rooftop: truncated square pyramid
- Two World Financial Center (1987), height 645 ft (197 m), 44 stories
- Address: 225 Liberty Street
- Leasable area: 2,491,000 ft² (231,000 m²)
- Rooftop: round dome
- Three World Financial Center (1985), height 739 ft (225 m), 51 stories
- Address: 200 Vesey Street
- Leasable area: 1,200,000 ft² (111,000 m²)
- Rooftop: pyramid
- Four World Financial Center (1986) height 500 ft (152 m), 34 stories ("North Tower")
- Address: 250 Vesey Street
- Leasable area: 1,800,000 ft² (167,000 m²)
- Rooftop: ziggurat
- Winter Garden Atrium (1988) a 45,000 ft² glass domed pavilion housing various plants, trees and flowers, also shopping areas, cafes (located between buildings 2 and 3) Rebuilt after terrorist attacks on September 11, 2001.
- Leasable area: 295,000 ft² (27,000 m²)
- NYMEX building (1997), height 253 ft (77 m), 16 stories
- Address: 1 North End Avenue
- Leasable area: 500,000 ft² (46,000 m²)
Renovation and expansion
The World Financial Center is currently undergoing a $250 million renovation and expansion project in conjunction with the construction of a new east-west passageway linking the complex with the World Trade Center site. The main elements of the project include a transit pavilion to be built as an extension of the existing Winter Garden building, on the West Street end. Preliminary plans had called for the demolition of the Grand Staircase, which until 2001 was the main focal entry point to the Winter Garden and the waterfront, as it connected to the Vesey Street pedestrian bridge adjacent to the original World Trade Center. The Grand Staircase has also been used as an amphitheater; thus, the plans for demolition had outraged residents, who promptly appealed for its preservation in the latest redevelopment plans. The transit pavilion is slated to open in fall 2013 and is expected to have an address at 100 West Street.
Within the existing complex, available space in the lower floors of the office towers of the World Financial Center are undergoing conversions and expansion to accommodate new retail. One notable example is 2 World Financial Center: a European-style marketplace and a dining terrace are expected to open in Fall 2013. The space between 3 and 4 WFC, at 225 Vesey Street, which currently contains retail, will be expanded to accommodate in‑line retail and high end fashion retail, according to the plans and renderings.
With some restaurants and retail temporarily closed due to construction, a new food truck court has been in operation since early 2012 on North End Avenue. Various food trucks that operate around New York City, serving a variety of foods, service the World Financial Center/Battery Park City area five days a week during lunch hours.
Overall, the intent is to drive more tourism in the area with the retail and the new access to the passageway under West Street. It is also being developed as a catalyst to integrate and drive development in the Battery Park City area, of which the World Financial Center sits promptly in between the largely residential neighborhood.
Following expansion, the entire World Financial Center complex is to be renamed Brookfield Place, in conjunction with similar complexes in Toronto and Perth owned by Brookfield. The name change is to take place throughout 2013.
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- "Lower Manhattan : News | World Financial Center Pavilion Plans Unveiled". Lowermanhattan.info. 2011-06-24. Retrieved 2012-08-18.
- "Renovation Updates". Worldfinancialcenter.com. Retrieved 2013-01-12.
- "Food truck court schedule". Worldfinancialcenter.com. 2012-04-27. Retrieved 2012-08-18.
- "WFC 2013 Vision". Worldfinancialcenter.com. Retrieved 2012-08-18.
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