A massive mixed-use complex across from the World Trade Center campus in New York City has scored a new ground-lease agreement, securing a stream of rent payments for additional decades.
Brookfield signs 50-year ground-lease extension in lower Manhattan
Updated deal terms for Brookfield Place to yield $1.5 billion for city, affordable housing development
By Andria Cheng
CoStar NewsSeptember 24, 2025 | 11:26 P.M.
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IN THIS ARTICLE
- Properties
- Brookfield Place
250 Vesey St, New York, NY
- Brookfield Place Retail
200 Vesey St, New York, NY
- Companies
- Brookfield Properties
Real Estate