Location: New York City

Developers: The Port Authority of New York & New Jersey and the Westfield Group

Size: 488,000 sq. ft.

Cost: $1.45 billion

Buzz: After the attacks of Sept. 11 prevented Westfield from taking ownership of the 427,000-sq.-ft. World Trade Center shopping complex, the firm sat in limbo for several years before recently finalizing a partnership with the Port Authority to bring a major retail destination to Lower Manhattan. The development will combine street-level specialty shops with a variety of restaurants.