Glasshouse Signs 30-Year Lease for 66K-SF Event Venue at 3 World Trade Center

Events Operator Glasshouse Signs 30-Year Lease for 3 World Trade Center
CRE Market Beat Take
A 30-year, multi-floor commitment by an experiential operator at 3 World Trade Center supports the narrative of strengthening tenant demand in Lower Manhattan’s mixed-use core.

Glasshouse has committed to a new long-term event venue at 3 World Trade Center, signing a 30-year lease for 66,436 square feet within the tower. The agreement covers a portion of the ground floor as well as the full second and third floors, positioning the event, hospitality and experiential venue operator prominently within the World Trade Center campus. This location will be Glasshouse’s fourth venue in Manhattan, further expanding its footprint in the city’s events and hospitality market.

The lease brings a new experiential offering into the World Trade Center complex, where Glasshouse is expected to program large-scale events and gatherings across multiple levels. The multi-floor configuration indicates that the venue will be a substantial presence in the building, with visibility at street level and dedicated space on the floors immediately above. As part of the broader World Trade Center campus, the new venue will be integrated into a high-profile mixed-use environment that serves workers, visitors and local residents.

CBRE’s Chris Mansfield, Anthony Dattoma and Zachary Weil represented Glasshouse in the transaction, advising the operator on its long-term commitment at the property. The deal was structured as a three-party arrangement involving Glasshouse, Unibail-Rodamco-Westfield and the Port Authority of New York and New Jersey, reflecting the complex ownership and management relationships at the World Trade Center site. Unibail-Rodamco-Westfield represented itself in the negotiations, participating directly in the transaction rather than through an outside broker.

According to Dattoma, the Glasshouse lease ranks among the more significant experiential leasing transactions completed in Manhattan in recent years. He noted that the agreement establishes a flagship venue for Glasshouse and aligns with a surge of leasing activity across Lower Manhattan. The new venue is projected to draw more than 250,000 visitors annually, which is expected to add activity and energy to the World Trade Center campus.

Dattoma also indicated that the lease reinforces Downtown’s position as one of New York City’s key destinations for business, hospitality, culture and community-focused programming. By bringing a high-traffic experiential operator into 3 World Trade Center, the transaction underscores the growing role of event-driven and hospitality uses in activating mixed-use urban districts. For the World Trade Center specifically, the Glasshouse commitment signals ongoing tenant demand for prominent, experience-oriented space in Lower Manhattan.

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