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15 Things You Need to Know This Morning

Bisnow Morning Brief Washington DC

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15 Things You Need to Know This Morning
Everything You Need to Know About
Larry Silverstein

Larry Silverstein is the man behind the $20B redevelopment of New York’s World Trade Center. He signed the record $3.3B lease on the WTC in 2001, just six weeks before the terrorist attacks of 9/11, and his perseverance following its destruction led to one of real estate’s greatest comebacks. The first new building on the complex, 7 WTC, opened in 2006 and later reached full occupancy on its 1.7M SF. The 80-story 4 WTC opened in 2013, and the 104-story 1 WTC – the tallest skyscraper in North America – opened this Fall. The finished complex will consist of five new skyscrapers designed by the world’s finest architects, including David Childs, Norman Foster and Richard Rogers. Nationally, Larry’s company has developed and managed over 35M SF in projects, like the 445-room Four Seasons Resort at Walt Disney World, the largest Four Seasons resort in the world. In the Financial District, he is also developing the Robert A. M. Stern-designed 30 Park Place, an 82-story building that will house a Four Seasons with 157 condos above. At 600 W. 42nd Street, Larry developed Silver Towers, a two-tower residential complex totaling 1.2M SF. Larry began investing in real estate with his father, Harry, in 1957. In 2013, Larry stepped down as CEO of Silverstein Properties and remains as chairman of the company.


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