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Company History

KEY DATES

1957 Harry Silverstein and his son, Larry Silverstein, buy their first property, a Manhattan industrial loft building on East 23rd Street
1978 SPI's portfolio contains four million square feet of commercial space, including 521, 529, 530, 689, and 711 Fifth Avenue, 44 Wall Street, and a shopping center in Stamford, Connecticut
1980 Completes a $25 million renovation of the 33-story office building at 11 West 42nd Street, in collaboration with Tishman Speyer Properties, including installation of a co-generation system, the first ever in a Manhattan office tower
  Acquires 120 Wall Street and 120 Broadway and remodel them extensively
1984 Acquires the full block site on far West 42nd Street, later to be developed into residential towers
1986   Completes the 47-story Seven World Trade Center
1989 Controls 13 buildings with ten million square feet of space
  Completes A&S Plaza on 33rd Street
  Develops 43-story Embassy Suites hotel in Times Square
1991 Sets aside 20 stories of the 34-floor office building at 120 Wall Street as tax-free headquarters for nonprofit groups that might otherwise leave the city
1998 Completes development of the Ronald Reagan Building in Washington, DC, the largest privately developed office building in the US
  Acquires the 52-story office building at 140 Broadway for $191 million
2000 Completes River Place I, the first tower of the 42nd Street residential project
2001 Completes the largest real estate transaction in New York history by acquiring the World Trade Center for $3.2 billion, only to have it destroyed six weeks later in the terrorist attacks of 9/11
2002 Construction begins on 7 World Trade Center
2003 Selects David Childs to design the Freedom Tower, the tallest of the five new WTC office towers
2006 Opens 7 World Trade Center, the first LEED-certified office building in NYC
  Begins construction on the Freedom Tower (later known as One World Trade Center)
  Establishes joint venture partnership with CalSTRS to develop and acquire up to $2 billion in NYC
  Unveils designs for 2, 3 and 4 World Trade Center
2007 Begins construction on Silver Towers
2008 Announces the partnership with Four Seasons to develop Downtown's first five-star hotel
  Begins construction on WTC Towers and Four Seasons Downtown New York Hotel and Luxury Residences
2009 Partners with Four Seasons Hotel and Resorts to develop Four Seasons Resort Orlando at Walt Disney World Resort, which will be the largest Four Seasons resort in the world when it opens in 2014
Completes Silver Towers, one of the city's largest rental projects
2010 Finalizes World Trade Center development plan with the States of New York and New Jersey and the Port Authority of New York and New Jersey. 
Forms Kulczyk Silverstein Properties (KSP), a joint venture with Kulczyk Investments (KI), to develop and acquire properties throughout Central and Eastern Europe  
2011 Issues $1.25 billion in 40-year bond financing to fund remaining construction of 4 WTC, scheduled to open in 2013
Achieves full occupancy at 7 World Trade Center
KSP acquires its first property, Stratos Office Center in Warsaw
Begins construction on Four Seasons Resort Orlando at Walt Disney World Resort

Marty Burger is named Co-CEO 
2012 Awarded Crain's Best Places to Work in NYC for the fifth consecutive year
4 WTC is the first building to top out on the WTC site
Extends Not-for-Profit program at 120 Wall Street
Four Seasons Resort Orlando tops out
KSP acquires two office properties in Warsaw
2013 Acquires Beekman Tower
Launches Silver Suites Offices at 7 World Trade Center
Opens Silverstein China in Shanghai
KSP acquires fourth office property in Warsaw