Event Venue Leases 66,000 Feet at World Trade Center’s Long-Vacant Podium
Glasshouse, a Manhattan event space operator, signed a 66,436-square-foot lease across three floors of Three World Trade Center’s lower podium levels. The deal, finalized with Unibail-Rodamco-Westfield and the Port Authority of New York and New Jersey, ends a decade-long effort to fill the space below the 2.5 million-square-foot tower. Most of the venue will occupy the second and third floors, with a 2,000-square-foot ground-floor lobby on Church Street serving as a VIP entrance. The space is designed to accommodate up to 2,000 attendees.
Three World Trade Center developer Larry Silverstein leased 90 percent of the office tower to tenants including Uber and WPP, but the lower retail and event levels remained largely empty after two restaurant deals collapsed. URW and its predecessor Westfield America struggled to fill the podium, which sits separately from the tower’s office space. Brazilian restaurant Fogo de Chao occupies 5,000 square feet on the ground floor, and some retail space remains available. The Port Authority, as ground landlord, played a role in approving and executing the long-term lease.
Glasshouse operates three other Manhattan venues, including a location at 660 Twelfth Avenue that has hosted the Real Estate Board of New York’s annual gala. CBRE brokers Chris Mansfield, Anthony Dattoma, and Zachary Weil represented Glasshouse, while URW handled its own negotiations. The venue will require at least 18 months of design and construction before opening. The lease adds momentum to the World Trade Center site, where ground broke last week on the new American Express headquarters at Two World Trade Center, completing the four-tower plan to replace the Twin Towers.
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