Larry Silverstein | TRD Research
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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

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
  • Publication Date 09/01/2007
  • Event Date 07/23/2007
  • Party 1 Larry Silverstein
  • Party 1 Brokerage Cushman & Wakefield
  • Party 2 Bank of New York Mellon, Allied Irish Bank
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

12/29/2017
You should expect to see some giants rising in the outer boroughs over the next few years. A majority of the largest development projects startedYou should expect to see some giants rising in the outer boroughs over the next few years. A majority of the largest development projects started...

09/01/2015
Big names. Big projects. Big price tags. Despite being New York City’s smallest borough, Manhattan development has clearly grown to outsized proportions during the current construction Big names. Big projects. Big price tags. Despite being New York City’s smallest borough, Manhattan development has clearly grown to outsized proportions during the current construction...

08/01/2015
The largest deal was a $1.59 billion bond offering to refinance loans on 3 World Trade Center. The Port Authority of New York and New Jersey and New York Liberty Development, an arm of the Empire State Development Corp., issued the bonds in October on behalf of Larry Silverstein’s Silverstein Properties...

04/01/2015
And, he’s the youngest member to join the board at Baruch College’s Steven L. Newman Real Estate Institute, where he sits alongside industry pros Barbara Corcoran, Douglas Durst, Steven Roth and Larry Silverstein...

09/01/2014
Meanwhile, in July, Larry Silverstein unveiled plans for a development at 520 West 41st Street in the Hudson Yards neighborhood that would also rank as one of the largest residential buildings in Manhattan...

07/01/2014
Office leasing volume for the first six months of 2014 was the strongest in a half-year period since 2002, led by large leases like the Office leasing volume for the first six months of 2014 was the strongest in a half-year period since 2002, led by large leases like the...

01/01/2014
Also in the area, media agency GroupM announced at the end of last month that it had committed to anchor Larry Silverstein’s 3 World Trade Center in a 20-year, 516,000-square-foot deal...

08/30/2011
Meanwhile, unlike the last few months, there were no blockbuster leasing deals in August. In fact, one of the biggest stories last month was the announcement from Swiss banking giant UBS that instead of leasing 800,000 square feet at Larry Silverstein’s 3 World Trade Center, which the bank had been considering, it would keep its large trading floor in Connecticut (see "Pricing out the World Trade Center")...

05/02/2011
The stories of two of Larry Silverstein’s World Trade Center towers -- one long completed, and one still under construction -- told two sides of The stories of two of Larry Silverstein’s World Trade Center towers -- one long completed, and one still under construction -- told two sides of...

12/05/2007
Late last month, World Trade Center developer Larry Silverstein teamed up with the California-based CalSTRS pension fund to purchase 1177 Sixth Avenue for over $1 billion from the Paramount Group...