Terminal One

URW joins team to deliver $9.5B New JFK Terminal One

URW's Airports team to oversee commercial development and management of landmark new international terminal

Unibail-Rodamco-Westfield (URW), the premier global developer and operator of flagship destinations, today announced it has joined The New Terminal One (NTO) – a consortium of labor, operating and financial partners – as the exclusive commercial developer and manager for the $9.5 billion, 2.4 million square foot state-of-the-art new international terminal that will anchor the south side of John F. Kennedy International Airport (JFK). Replacing the existing Terminals 1 and 2 to become JFK’s largest new terminal, the New Terminal One 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 U.S.,” said Dominic Lowe, Chief Operating Officer, U.S., at URW.  “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, with more than 25 years of development and management experience at airports including LAX, Chicago O’Hare, and JFK, will lead all aspects of the project’s non-aeronautical revenue platforms including dining, retail, duty-free, entertainment, and experiential concepts. With a strong emphasis on participation by the local Queens community, URW 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,” said Mike Salzman, EVP and Group Director, Airports, at URW. “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 world-class airline developer and operator Ferrovial as lead sponsor alongside The Carlyle Group, JLC Infrastructure, and Ullico. The state-of-the-art NTO will be the largest international terminal at John F. Kennedy airport and is grounded in its commitment to engaging the local southeast Queens community, generating local job opportunities, boosting MWBE participation, and creating a uniquely New York sense of place.

The 2.4-million-square-foot, 23-gate New Terminal One will be sustainably designed and future focused, featuring expansive, naturally lit, public spaces, cutting-edge technology, an array of amenities, and more than 300,000 square feet of dining, retail, lounges, and recreational space.

The long-term partnership joins URW’s award-winning portfolio of airport and transit assets including JFK Terminal 8, Westfield World Trade Center, and Fulton Center in New York City, along with Los Angeles International Airport (LAX), Chicago O’Hare International Airport (ORD) and Miami International Airport (MIA).

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With a global portfolio of premier consumer destinations–including airports, transit, and shopping centers—URW is uniquely positioned to help showcase brands at their best and connect local communities and organizations to our programs.