Goldman, Sachs & Company said it is committed to keeping its headquarters in Manhattan rejecting the plan of Freedom Tower preferred by city and state officials.

"We are committed to keeping our headquarters in Manhattan," said Peter Rose, a spokesman for Goldman Sachs.

The company said it was troubled by the location of a proposed tunnel beneath the site that was expected to send four lanes of express traffic through a bypass below West Street.

Goldman also said it had an option to build homes for 10,000 employees in Manhattan.

So-called Site 26, the site where the bank is committed to build its own tower, is the last vacant commercial parcel at Battery Park City. The site has been developed since 2003 in an attempt to reject the planned move to Freedom Tower so much liked by the city officials.

In 2004 the company hired the architecture firm of Pei Cobb Freed & Partners to design a tower that was expected to be completely different from those that can be seen at the World Financial Center.

Now the company is spread over 10 offices in Lower Manhattan. The tower is expected to consolidate its trading and sales operations, Goldman said.