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


10/10/18
...rejected. “You see the deals they write for Larry Silverstein and Related — those are big deals,” Eyzenberg said. “We’ve shown him a couple...

...rejected. “You see the deals they write for Larry Silverstein and Related — those are big deals,” Eyzenberg said. “We’ve shown him a couple...

09/25/18
...Larry Silverstein and 1 West End Avenue (Credit: Getty Images and Corcoran) An LLC controlled by Nightingale...

09/24/18
...Henry Wollman of Quadriad Realty Partners are suing Larry Silverstein over a development project in Astoria. – Rich Bockmann...

09/20/18
...Silverstein Properties’ Silver Towers on West 42nd Street. Larry Silverstein told TRD he’s known the Gindi family for years, and that they developed...

09/11/18
...see four states, at least three bridges and Larry Silverstein...

09/11/18
...In July 2001, Larry Silverstein posed with a giant set of ceremonial keys to the World Trade Center — an...

09/11/18
...had a chance encounter with landlord and developer Larry Silverstein. "I ran into him -- he was about to go into a place to...

08/31/18
...sales. Moody’s occupies some 680,000 square feet at Larry Silverstein’s 7 World Trade Center, and in 2015 signed a lease to 75,000 square feet nearby at...

08/17/18
...what a superb architect is capable of," developer Larry Silverstein said in TRD's documentary. Attorney Adam Leitman Bailey said that even when he represented...

08/13/18
...Deutsche Bank, which last year expressed interest in Larry Silverstein’s 2 World Trade Center, is one, as is Morgan Stanley. But sources said the...

08/10/18
...Broadcasting Company’s Upper West Side headquarters to Larry Silverstein. But the firm suffered another blow when the team led by Larry Wolfe specializing...

08/03/18
...tri-state CEO Mary Ann Tighe recalls running into Larry Silverstein on the evening of Sept. 11, 2001 and rebuilding Lower Manhattan following the terrorist attacks during...

07/30/18
...From left: Larry Silverstein, 1 West End Avenue, 38 Prince Street, and Francis Greenburger (Credit: Getty, Apartments, and Prince at...

07/26/18
...walking historical encyclopedia of New York,” Shapiro said. Larry Silverstein, chief executive of Silverstein Properties, echoed Shapiro's memory and said he first met Patton...

07/23/18
...I worked when I was 50. Some people like Larry Silverstein can. I’m not that good. At my age, I should be devoting time...

07/18/18
...had a chance encounter with landlord and developer Larry Silverstein. "I ran into him -- he was about to go into a place to...

07/10/18
...Left to right: Larry Silverstein and Henry Wollman overlayed with Queensboro site plans (Credit: MadisonBGClub via Flickr and Quadriad...

07/06/18
...Larry Silverstein and 77 West 66th Street (Credit: Google Maps) Silverstein Properties has lined up financing for...

...I worked when I was 50. Some people like Larry Silverstein can. I’m not that good. At my age, I should be devoting time...

06/29/18
...your oyster,” she explained. Illustration by Paul Kisselev Larry Silverstein Chairman of Silverstein Properties Developer Larry Silverstein got his start in real estate in...

06/25/18
...From left: Larry Silverstein, 125 Greenwich, Hasidic real estate investors, Harry Helmsley, David Lichtenstein, Park Lane Hotel, Starrett City...

06/17/18
...Larry Silverstein. (Credit: Vimeo UJA-Federation of New York, Pixabay) After 33 years, Larry Silverstein felt it was...

06/15/18
...your oyster,” she explained. Illustration by Paul Kisselev Larry Silverstein Chairman of Silverstein Properties Developer Larry Silverstein got his start in real estate in...

06/13/18
...Street, 35-22 42nd Street, and Silverstein Properties CEO Larry Silverstein (Credit: Google Maps) Silverstein Properties acquired the ground lease on a seven-parcel Astoria development...
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
  • Building Name 450 West Broadway and 151, 153, 155, 157 Prince Street
  • Address 157 Prince Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 18,000,000
notes
The contiguous buildings, which total 14,000 square feet, sold for $18 million to Larry Silverstein's chief financial backer at Ground Zero. The package includes 18,000 square feet of air rights.
  • Event Sales
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 220,000,000