Larry Silverstein | The Real Deal New York

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Larry Silverstein

President and CEO
Silverstein Properties
250 Greenwich Street
New York, NY 10007
212.490.0666
Website

Larry Silverstein is the president and CEO of Silverstein Properties and one of New Yorks most prominent developers and landlords.

Though his firm owns and manages more than 35 million square feet of office, residential and retail spaceand has as much as $10 billion worth of development activity in the pipelineits name has become almost synonymous with the redevelopment of the World Trade Center site.

Silversteins association with the site began in July 2001, when he completed what was then the largest real estate deal in New York historya 99-year lease on the 10.6 million-square-foot Twin Towers for $3.25 billion. The towers were destroyed six weeks later in the September 11 terrorist attacks.

His firm rebuilt 7 World Trade Center across from the site of the Twin Towers by 2006. The 1.7 million-square-foot office tower is almost fully leased at some of downtowns highest asking rents. Silverstein is also built another three new World Trade Center towers, along with the Port Authoritys 1 World Trade Center. These three towers are the culmination of lawsuits over insurance tied to the Twin Towers as well as negotiations with the Port Authority over financing. 1 World Trade Center opened in 2014.

Aside from the World Trade Center site, Silverstein has been involved in numerous other high-profile New York projects and properties. These include the Four Seasons hotel and condo planned for 99 Church Street, which at 912 feet would be the citys tallest residential tower; the office buildings 120 Broadway, 120 Wall Street, 529 Fifth Avenue and 570 Seventh Avenue; and the office buildings 575 Lexington Avenue and 1177 Avenue of the Americas, which, together at more than $1 billion, was the last big Manhattan building trade before the Great Recession.

Silverstein is a former chairman of REBNY. He was born in Bedford-Stuyvesant, and attended N.Y.U . and Brooklyn Law, going into real estate with his father Harry and then-brother-in-law Bernard Mendik in the late 1950s. By the 1980s, Silverstein Properties was one of the fastest-growing private landlords in New York.

-TA


11/20/17
...From left: McKinsey CEO Dominic Barton, Larry Silverstein and 3 World Trade Center “Big Three” management-consulting firm McKinsey & Co. is relocating its...

11/17/17
...Larry Silverstein UPDATED, 11:45 p.m., Nov. 19: Silverstein Properties is heading to Israel next year. Larry Silverstein's...

10/23/17
...also details the battles at Ground Zero, characterizing Larry Silverstein as a “hard-boiled developer” who “was used to — no, enjoyed — scrapping for every dime...

09/29/17
...feet by over the next 10 years, Politico reported. Larry Silverstein, the Downtown Alliance and the Durst Organization submitted the plan for the city. The...

09/28/17
...From left: David Weinreb, Joe Sitt, Francis Greenburger, Larry Silverstein and Nelson Mills Blockbuster deals like HNA Group's $2.21 billion purchase of 245 Park Avenue may...

09/11/17
...its plans in Hudson Yards. Last month, the Larry Silverstein...

08/17/17
...Equity’s David Bistricer, Steve Witkoff, Silverstein Properties’ Larry Silverstein, RFR Realty’s Aby Rosen, Ackman Ziff’s Simon Ziff, and Howard Rubenstein, who...

08/16/17
...Larry Silverstein and 619 West 54th Street (Credit: 619W54) Taconic Investment Partners and Silverstein Properties are spending...

08/09/17
...Larry Silverstein and a previous rendering of 520 West 41st Street Silverstein Properties appears to have scrapped...

07/18/17
...Between two LLC’s, World Trade Center developer Larry Silverstein gave $25,000. Other notable donors included Joe Cayre, Francis Greenburger, Mark Stagg, Harold Fetner, Keith...

07/11/17
...From left: FBI headquarters, Larry Silverstein and Steven Roth It looks like Vornado Realty Trust and Silverstein Properties won't be...

07/06/17
...From left: Larry Silverstein, 4 World Trade Center and Spotify's Daniel Ek Spotify exercised an option to lease another...

06/30/17
...From left: Larry Silverstein, 4 World Trade Center and Spotify's Daniel Ek TAMI tenants — long drawn to Midtown South...

06/28/17
...service entry. Last year, the building’s developer Larry Silverstein picked up a penthouse there, paying $34 million for the 80th floor unit. Activist investor...

06/19/17
...of dollars by selling 421a certificates to developers Larry Silverstein and Joseph Moinian.) According to Altheim, Fine also failed to give him access to...

06/06/17
...m., June 7: If you want to run into Larry Silverstein, try hanging out at the gym at River Place, Silverstein’s 41-story luxury condominium...

05/30/17
...fancier digs. The TV star currently resides at Larry Silverstein’s 30 Park Place, aka the Four Seasons Private Residences in Tribeca, sources tell LLNYC...

05/11/17
...End Avenue, Kelly Kennedy Mack, Fredrik Eklund and Larry Silverstein Douglas Elliman is taking over marketing at One West End Avenue from Corcoran Sunshine...

05/04/17
...Larry Silverstein and 619 West 54th Street (Credit: 619W54) UPDATED, May 8, 12:56 p.m.: Silverstein Properties secured a...

05/03/17
...eight-room apartment, Luxury Listings reported. In December, developer Larry Silverstein announced that he and his wife planned to purchase a $34 million for a penthouse...

05/03/17
...the late 102-year-old developer Leonard Litwin. Donald Zucker, Larry Silverstein, Steven Spinola and Gary Jacob spoke of a man of enduring courage, generosity and...

04/03/17
...From left: Larry Silverstein, 4 World Trade Center and Spotify's Daniel Ek Downtown Manhattan’s office market has its...

03/14/17
...In July 2001, Larry Silverstein posed with a giant set of ceremonial keys to the World Trade Center — an...

03/12/17
...There's been a lot of chatter surrounding developer Larry Silverstein and designer Robert A.M. Stern's Four Seasons Hotel and Residences at 30 Park Place...

02/15/17
...From left: Larry Silverstein, 4 World Trade Center and Spotify's Daniel Ek Spotify, which Gov. Andrew Cuomo called a...
Silverstein Properties, CEO
250 Greenwich Street, New York, NY, 212.490.0666
Marty Burger became the sole chief executive officer of Silverstein Properties, one of...
Silverstein Properties, Real Estate Salesperson
250 Greenwich Street, 38th Floor, New York, NY, (212) 490-0666
...
Silverstein Properties, Real Estate Salesperson
250 Greenwich Street, 38th Floor, New York, NY, (212) 490-0666
...
Silverstein Properties, Real Estate Salesperson
250 Greenwich Street, 38th Floor, New York, NY, (212) 490-0666
...
Silverstein Properties, Real Estate Salesperson
250 Greenwich Street, 38th Floor, New York, NY, (212) 490-0666
...
  • Event Office Leasing
  • Address 120 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 79,688
notes
The arbitration enterprise leased space in the building in three separate transactions: two direct leases with the landlord and a sublease from Banco Popular.
  • Event Financing
  • Building Name River Place II
  • Address West 42nd Street and 11th Avenue
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
notes
A $700 million construction loan was arranged for the luxury rental development, which will also include 21,000 square feet of retail and 194 parking spaces. Approximately 20 percent of the units will be affordable. The major portion of the project will be financed with New York State housing bonds. Two 58-story rental buildings, 1,359 units total.
  • Event Sales
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 220,000,000
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