Four Seasons and Silverstein Properties host ribbon cutting to open new Four Seasons New York Downtown

New York, October 5, 2016 – Silverstein Properties Chairman Larry Silverstein was joined today by Four Seasons Hotels and Resorts President and CEO J. Allen Smith and Robert A. M. Stern, Senior Partner, Robert A. M. Stern Architects, as well as a host of prominent civic, union and business leaders at a ceremony to mark the opening of the new Four Seasons Hotel New York Downtown.

Located at 27 Barclay Street, the hotel occupies the bottom third of the 926-foot, 82-story tower.  Known for its five-star services, experiences, and amenities, Four Seasons Hotel New York Downtown is also home to CUT by Wolfgang Puck, the celebrity chef and restaurateur’s first and only New York restaurant.

Mr. Silverstein said, “The opening of Four Seasons Hotel Downtown is the capstone on a banner year for Lower Manhattan.  This year we opened the World Trade Center transportation hub, along with dozens of new shops and restaurants.  Downtown has fully returned as a premier place for business, and visitors are coming to Lower Manhattan in record numbers.  In addition, the residential neighborhood around us has become a model of what is best and most exciting about New York.”

Four Seasons Hotel New York Downtown offers Downtown’s growing business and visitor communities a high level of service and style unique to the area. The Hotel consists of 185 rooms designed by Yabu Pushelberg, the restaurant, bar, full-service spa and health club with pool. Over one-quarter of the hotel rooms are suites, including a 3,700-square-foot royal suite.

“This is a remarkable hotel, one that draws inspiration from the vibrant architecture, culture and energy of Lower Manhattan, capturing the spirit of this dynamic and evolving neighborhood,” said J. Allen Smith, President and CEO, Four Seasons Hotels and Resorts. “We are proud to partner with Silverstein Properties in bringing Robert Stern’s world-class vision to life and are excited to welcome New Yorkers and the world to Lower Manhattan to experience luxury hospitality, Four Seasons style.” 

The tower shares a city block with the Woolworth Building, Cass Gilbert’s iconic 1913 skyscraper. With its limestone base and cast stone shaft that rises to a dramatic skyline profile of full-floor penthouses and setback terraces, the new tower has already become a distinctive landmark on the city’s iconic skyline.

“Silverstein Properties, and Larry Silverstein in particular, encouraged us with his promise to restore Downtown to its past glory,” said Robert A.M. Stern, Founder and Senior Partner of Robert A.M. Stern Architects. “By combining a great Four Seasons hotel with luxury apartments, 30 Park Place is an active participant in the life of the city, significantly adding to the return of Downtown to its historic role as New York’s great neighborhood.”

The hotel entrance at 27 Barclay Street leads visitors into four floors of lobbies, lounges, the CUT restaurant and bar, ballrooms, and meeting facilities, as well as a spa, fitness center and pool. The restaurant also has a direct entrance at 99 Church Street.  A through-block landscaped public plaza is located on the hotel’s eastern side, framed by a lower annex building that conceals building services and access to below-grade parking.   Residents benefit from a private entrance and lobby at 30 Park Place.

The residences at 30 Park Place include 157 luxury condominiums, some as large as 6,500 square feet. Amenities include a 75-foot heated indoor pool, fitness center, lounge area, and children’s room.  Silverstein Properties has sold over 75% of the residences.

According to the Downtown Alliance, the neighborhood’s residential and hotel stock have increased dramatically in the past five years.  Over 3,500 new residential units and 2,200 new hotel rooms have opened. An estimated 14.2 million unique visitors came to Lower Manhattan in 2015.

“Four Seasons provides an exclamation point to the ongoing renaissance of Lower Manhattan,” said Jessica Lappin, President of the Alliance of Downtown New York. “Silverstein Properties’ latest estimable contribution to the area’s rebirth provides a world class accommodation for visitors, superlative dining for everyone and unsurpassed luxury at its residences.   Four Seasons is yet another reason it’s clear that Down is What’s Up.”

Formerly Moody’s corporate headquarters building at 99 Church Street, the Four Seasons Downtown site was purchased in 2007 by Silverstein Properties and the California State Teachers’ Retirement System (CalSTRS).  Financing for the $1 billion hotel and residency development was provided by a leading hedge fund; and Cumming, an international program and cost management firm, provided ongoing project monitoring services on behalf of the lender.  Construction on the 82-story tower officially began in December 2013.