Goldman Sachs broke ground on November 29, 2005 for a new 2.1-million square foot tower to be built on Site 26 at Battery Park City, the first new headquarters to be built in the Lower Manhattan section of New York City since 1986. The 43-story stainless steel and glass building, with a curved wall facing the Hudson River, will cost more than $2 billion and will house 7,400 Goldman employees engaged in investment banking, investment management and trading operations. It will be one of the largest commercial office buildings in the country to achieve LEED Gold Certification using the latest green building technologies.