The Real Deal New York

Larry Silverstein to buy $34M penthouse at 30 Park Place

Developer and his wife will move downtown this summer
December 06, 2016 04:15PM

Larry Silverstein and 30 Park Place

Larry Silverstein and 30 Park Place

Larry Silverstein knows where the young people hang out.

According to the 85-year-old, the place to be is Lower Manhattan — where Silverstein Properties TRData LogoTINY just developed 30 Park Place, a Robert AM Stern-designed condominium.  For that reason, Silverstein and his wife Klara, are moving from their Park Avenue digs to the building’s 80th floor, the Wall Street Journal reported. The move will shorten his commute to 7 World Trade Center to under four minutes. Plus, Silverstein told the Journal, he and his wife would prefer to be “where the young people are, which is downtown.”

Silverstein will pay the full $34 million for the penthouse, which spans the entire 80th floor at 6,200-square-feet. They plan to move this summer and will likely sell their Park Avenue home.

The 157-unit condominium is also home to the Four Seasons Hotel. Silverstein purchased the site in 2007, and work on the $1 billion project began in 2013. Sales launched in 2014. In March, the 78th-floor penthouse hit the market for $32.5 million. — Kathryn Brenzel