Larry A. Silverstein
President and CEO
Larry A. Silverstein is the President and CEO of Silverstein Properties, Inc., a Manhattan-based real estate development and investment firm that has developed, owned and managed 35 million square feet of office, residential and retail space. The firm currently has $10 billion worth of development activity in the pipeline.
In July 2001, Mr. Silverstein completed the largest real estate transaction in New York history when he signed a 99-year lease on the 10.6 million square feet World Trade Center for $3.25 billion, only to see it destroyed in terrorist attacks six weeks later on September 11, 2001. He is currently rebuilding the office component of the World Trade Center site, a $7-billion project that will consume the balance of his working life.
In May 2006, Silverstein Properties opened 7 World Trade Center, the first office tower to be rebuilt at the site, and the first LEED-certified office building in New York City. The 52-story, 1.7 million square foot office tower is fully leased to an eclectic group of tenants. The company is currently developing three other office towers on the WTC site – 2, 3 and 4 World Trade Center – that were designed by Pritzker-prize winning architects Norman Foster, Richard Rogers and Fumihiko Maki. 4 WTC is the first tower to open at the site in November 2013.
Silverstein Properties is currently developing the largest Four Seasons resort in the world at the Walt Disney World Resort in Orlando, Florida. The $360 million 444-room luxury resort will open in summer 2014. Silverstein is also developing a Four Seasons hotel and private residences designed by Robert A. M. Stern in Lower Manhattan which, at 80-stories, will be one of the tallest residential towers in New York.
Mr. Silverstein owns and manages some of the most successful and high-profile commercial and residential properties in New York City, including 120 Broadway, 120 Wall Street, 529 Fifth Avenue, 570 Seventh Avenue and 1177 Avenue of the Americas. In 2010, Mr. Silverstein opened Silver Towers, two 60-story residential towers the companion to River Place, a 40-story, 921-unit tower which opened in 2000. The square block development houses over 2,200 families.
Mr. Silverstein is a member of the New York Bar and a Governor of the Real Estate Board of New York, having served as its Chairman. He has served as Chairman of the Realty Foundation of New York.
A 1952 graduate of New York University, Mr. Silverstein served as Vice Chairman of the NYU Board of Trustees and is the Founder and Chairman emeritus of the advisory board of the NYU Real Estate Institute. As a Professor of Real Estate, his “Silverstein Workshop” became one of the most attended and informative educational sources for learning real estate development and investment analysis.
Mr. Silverstein donates his time and resources to support many philanthropic endeavors. He has served as Chairman of the Board for the UJA-Federation as well as serving as Chair of its Real Estate Division and Chair of the Campaign. He is a founding trustee of the Museum of Jewish Heritage in New York and has served as treasurer of National Jewish Health in Denver. Mr. Silverstein serves as member of the Board of Trustees for the New York University School of Medicine Foundation and Head of its Real Estate Board.
Larry and Klara Silverstein have been married for more than fifty years and have three children, two of whom are executives at Silverstein Properties. Mr. Silverstein contributes his time and resources to organizations that are dedicated to education and medical research, meeting humanitarian needs and supporting the arts. Mr. Silverstein currently serves as a board member of the New York Philharmonic. He is a classical music enthusiast, a passionate yachtsman and a dedicated New Yorker.