#3297
Larry Silverstein
Overview
- Source of Wealth
- Real estate
- Industry
- Real Estate
- Residence
- New York, New York
- Marital Status
- Married
Biography
Larry Silverstein is the chairman and founder of Silverstein Properties, a New York-based real estate development firm.
Silverstein Partners owns nearly 16 million square feet of office, residential and retail properties in the U.S., including 7 World Trade Center in Manhattan.
Silverstein signed a 99-year lease on the World Trade Center towers for $3.2 billion in July 2001, seven weeks before the 9/11 attacks.
Silverstein Properties and the Port Authority of New York and New Jersey ultimately received a $4.55 billion insurance payout and built new towers on the site.
The firm developed the 7, 2 and 3 World Trade Center office towers. A fourth building, 5 World Trade Center, will be a residential high-rise when it's complete.