Event venue operator Glasshouses has leased 70,000 square feet at 175 Greenwich Street in Lower Manhattan, anchoring its flagship Glasshouse Downtown venue at the base of 3 World Trade Center. The long-term lease positions the company within the Westfield World Trade Center complex, owned and operated by Paris-based developer Unibail-Rodamco-Westfield (URW).
The commitment represents a significant vote of confidence in the World Trade Center's recovery as a mixed-use destination. Glasshouses joins a growing roster of hospitality and entertainment tenants activating ground-floor and lower-level spaces across the 14.7-million-square-foot complex.
For Unibail-Rodamco-Westfield, the deal plugs a major void in the center's entertainment programming. The company has spent years repositioning World Trade Center properties beyond office and retail. Event venues draw foot traffic across the complex, support food and beverage tenants, and justify premium pricing on nearby retail and dining leases.
For commercial tenants in Lower Manhattan, the Glasshouses announcement signals sustained demand for large-format event spaces near transit and office clusters. The venue's footprint allows for private events, conferences, and cultural programming that office-centric neighborhoods typically struggle to host.
The location offers Glasshouses unmatched logistics. The site sits atop multiple subway lines and connects to the Oculus transit hub, providing direct access to regional rail. URW's existing retail and dining ecosystem creates natural synergy for pre-event and post-event spending.
Landlords in the Financial District and Tribeca will watch this deal closely. Event venues typically command $40 to $80 per square foot annually in ground-floor spaces, depending on build-out. A 70,000-square-foot commitment at