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As Silverstein Properties broadens its scope beyond Manhattan, it has enlisted the services of a veteran real estate executive from Goldman Sachs.
Silverstein has hired Dino Fusco, most recently the head of Goldman Sachs' Corporate Services, Real Estate and Spend Management groups, to serve as its chief operating officer, the company said Monday. Fusco joins CEO Marty Burger and President Tal Kerret in the C-suite of the developer under the direction of Chairman Larry Silverstein.
“I am thrilled to welcome Dino to Silverstein Properties,” Silverstein said in a statement. “Not only does Dino have an incredible track record and a sterling reputation, but he is a terrific person. He is a great leader, and will be a superb fit with the culture of our organization, particularly as we continue to expand nationally and [overseas]."
Silverstein is most famous for taking control of the World Trade Center site months before it was destroyed in the Sept. 11, 2001, terrorist attacks. The developer has rebuilt the complex — outside of One World Trade Center, aka the Freedom Tower, which was built by the Durst Organization and the Port Authority — into three office skyscrapers worth billions of dollars combined.
While Silverstein is a dominant presence in Lower Manhattan, where Fusco has lived and worked, including spearheading Goldman Sachs' 200 West St. headquarters project, for nearly three decades, it is beginning to expand far beyond the shadow of the World Trade Center. Last year, it made its entrance into Philadelphia with a record-breaking $450M office acquisition. It also has projects in Las Vegas, China and Israel.
“Over the past several years, a lot of thought and effort has gone into building the Silverstein organization for the next several decades,” Burger said in a statement. “I am happy to say that we have been fortunate to find Dino, who we believe is a perfect fit for the role of chief operating officer. His values, demeanor, personality and people skills make him a great fit for the culture of our organization.”
Fusco was in charge of all of Goldman Sachs' corporate real estate, with more than 220 locations in 34 countries, according to his LinkedIn page. He also served on a company-wide Diversity Task Force and was involved in the investment bank's internal initiatives to encourage racial and gender diversity and inclusion.
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