URW leads commercial development to deliver New Terminal One at JFK

Unibail-Rodamco-Westfield (URW)has joined the New Terminal One (NTO) consortium as exclusive commercial developer and manager for the new international terminal John F. Kennedy International Airport (JFK).

Replacing the existing Terminals 1 and 2 to become JFK’s largest new terminal, anchoring the south side of the airport, the $ 9.5 billion, 2.4m sqft state-of-the-art space, will break ground in 2022 with phased openings beginning in 2026.

“The New Terminal One is an unparalleled opportunity to work alongside the world-class team that will set the new standard for international and global terminals in the US,” he said. URW Chief Operating Officer US Dominic Lowe. “We are excited to share our expertise, relationships and creativity to help make the New Terminal One an inclusive and amazing experience for all.”

URW’s Airports group will lead the project’s non-aeronautical revenue platforms including dining, retail, duty-free, entertainment, and experiential concepts. The company says there will be a strong emphasis on participation by the local Queens community and it is committed to advancing opportunities for small, local, and minority-owned businesses across all phases of the development.

“We are honored to partner with New Terminal One and the Port Authority of New York and New Jersey to take the airport commercial experience to new heights, ”he said URW, EVP and Group Director, Airports, Mike Salzman. “We look forward to working with all stakeholders to deliver a landmark terminal that truly reflects New York City and gives travelers a one-of-a-kind destination along their travel journey.”

URW will collaborate with the NTO consortium, which includes airline developer and operator Ferrovial as lead sponsor alongside The Carlyle Group, JLC Infrastructureand Ullico. The NTO will be the largest international terminal at John F. Kennedy Airport and will engage the local southeast Queens community, generating local job opportunities, boosting MWBE participation, and creating a New York sense of place.

The 23-gate New Terminal One will be sustainably designed and future focused, featuring naturally lit, public spaces, cutting-edge technology, an array of amenities, and more than 300,000 sqft of dining, retail, lounges, and recreational space.

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