Silverstein Properties
| Company type | Private |
|---|---|
| Industry | Real estate development |
| Founded | 1957 |
| Founder | Larry Silverstein |
| Headquarters | 7 World Trade Center, Manhattan, New York , U.S. |
Area served | Worldwide |
Number of employees | 500+ |
| Website | silversteinproperties |
Silverstein Properties Inc. is an American family-held, full-service real estate development, investment and management firm based in New York City. Founded in 1957 by Chairman Larry Silverstein, the company specializes in developing, acquiring, and managing office, residential, hotel, retail, and mixed-use properties. The firm is New York City's fifth-largest commercial landlord.[1]
Silverstein Properties' real estate business has been one of the largest investors in New York City real estate over the past fifty years,[2] having developed, owned and managed more than 40 million square feet of office, residential, hotel and retail properties including the new World Trade Center, 30 Park Place (Four Seasons Private Residences New York Downtown), 120 Wall Street, Equitable Building, and Americas Tower.[3]
Silverstein Properties is headquartered at 7 World Trade Center in Manhattan, New York City.[4]
Company
Silverstein Properties has developed, owned, and managed more than 40 million SF (3.25 million m2) of commercial, residential, and retail space. Prior to joining the firm, Silverstein Properties' executives and professionals developed in excess of 100 million SF (9.3 million m2) in the United States and abroad.[3]
Silverstein Properties' portfolio includes 13.4 million[1] square feet of office, residential and retail properties and $10 billion of current development. Notable past and current projects include:[5]
- Four Seasons Resort at Walt Disney World
- Four Seasons Hotel and Private Residences at 30 Park Place[6]
- World Trade Center complex in downtown Manhattan (7 World Trade Center,[7] 4 World Trade Center,[8] 3 World Trade Center,[9] 2 World Trade Center[10])
- One West End Luxury Condominiums[11]
- 120 Wall Street
- 619 West 54th Street[12]
- River Place (Manhattan)
- Equitable Building
- Silver Towers (Manhattan)
- Salmon Tower Building (Manhattan)[13]
- 1177 Avenue of the Americas
- 529 Fifth Avenue[14]
- 521 Fifth Avenue[15]
- 530 Fifth Avenue[15]
- Ronald Reagan Office Building[16]
- 711 Fifth Avenue[17]
- 105 Madison Avenue[18]
- Beekman Tower[19]
- 11 West 42nd Street[20]
- 520 West 41st Street[21]
- Disney Campus 125 West End Avenue[22]
- Disney Campus 320 West 66th Street[22]
- Disney Campus 147 Columbus Avenue[22]
- Disney Campus 149 Columbus Avenue[22]
- Disney Campus 77 West 66th Street[22]
- Disney Campus 47 West 66th Street[22]
- Disney Campus 7 West 66th Street[22]
- Disney Campus 30 West 67th Street[22]
- Stratos Office Center[23]
- U.S. Bank Tower (Los Angeles)[24][25][26]
- Ethos[27]
- Qianhai Economic Zone Shenzhen, China[28]
- Several projects in Washington, D.C., Poland, and mainland China
New York casino bid
| The Avenir | |
|---|---|
| Location | Hell’s Kitchen New York City, New York |
| No. of rooms | 1,000 |
| Casino type | Resort |
| Owner | Silverstein Properties |
| Operating license holder | Rush Street Gaming Greenwood Gaming and Entertainment |
| Website | https://www.theavenir.com/ |
Silverstein Properties is one of eight bidders looking to open a casino in downstate New York. Silverstein Properties has proposed building a 1,000 room casino hotel called The Avenir in Hell's Kitchen,[29] in conjunction with Hyatt International. [30] [31] In May of 2025, the design of the hotel was revealed. If built, the building will be 785 feet tall. [32][33] Silverstein Properties submitted their bid for a commercial casino license on June 27, 2025.[34]
Recognition
Since 2012, SPI has been ranked 33rd of the "Best Places to Work in New York City" by Crain's.[35]
References
- ^ a b "NYC's Top 10 Biggest Landlords". April 29, 2015.
- ^ "Silverstein Properties History | Commercial Real Estate". www.silversteinproperties.com. Retrieved July 17, 2016.
- ^ a b "About Silverstein Properties | New York Real Estate". www.silversteinproperties.com. Retrieved July 17, 2016.
- ^ "Silverstein Properties – TRD Research". The Real Deal. March 19, 2019. Retrieved August 17, 2020.
- ^ Larry Silverstein, Silverstein Properties. Commercial Observer 2013
- ^ "Tribeca Condominiums for Sale in NYC with Sweeping Views | 30 Park Place, Four Seasons Private Residences New York Downtown". 30 Park Place. Retrieved July 17, 2016.
- ^ Westfeldt, Amy (May 23, 2006). "First Rebuilt Skyscraper at WTC Opens". The Washington Post. ISSN 0190-8286. Retrieved April 23, 2018.
- ^ "First World Trade Center tower opens 12 years after 9/11". NY Daily News. Retrieved April 23, 2018.
- ^ "Under Construction: Inside the Nearly Completed 3 WTC". Commercial Observer. February 13, 2018. Retrieved April 23, 2018.
- ^ "Murdochs abandon 2 World Trade, Silverstein soldiers on". Politico PRO. Retrieved April 23, 2018.
- ^ "One West End". www.1westend.com. Retrieved July 17, 2016.
- ^ "Silverstein buys majority stake in Taconic's 619 West 54th". February 1, 2017.
- ^ * Equitable Building
- ^ "529 5th Avenue | NYC | Commercial Real Estate". www.silversteinproperties.com. Retrieved July 17, 2016.
- ^ a b Gross, Daniel (September 19, 2006). "SILVERSTEIN MOVES INTO RESIDENTIAL IN '90S".
- ^ "Another out-of-town firm shows interest in D.C. – The Washington Post". The Washington Post.
- ^ Kennedy, Shawn G. (August 3, 1983). "Sale of 2 Large Buildings in Manhattan Stirs Interest". The New York Times.
- ^ Horsley, Carter B. (July 26, 1978). "Real Estate". The New York Times.
- ^ Clarke, Katherine. "World Trade Center developer Silverstein Properties files suit over botched $138M deal for East Side tower – NY Daily News". New York Daily News.
- ^ "Who Wants to Move to Ground Zero?". NYMag.com. April 8, 2005.
- ^ "Larry Silverstein to build city's tallest apartment tower". July 2, 2014.
- ^ a b c d e f g h Baird-Remba, Rebecca (July 9, 2018). "Silverstein Prepares to Buy ABC Campus for $1.2B". commercialobserver.com. Retrieved January 17, 2019.
- ^ "Larry Silverstein marks first foray overseas". December 9, 2011.
- ^ "LA's US Bank Tower sold to World Trade Center developer". Fox Business. Associated Press. July 22, 2020. Retrieved January 29, 2021.
- ^ "Silverstein Properties Closes on $430M US Bank Tower Buy". The Real Deal Los Angeles. September 16, 2020. Retrieved May 20, 2021.
- ^ Bergholz, William (August 6, 2020). "U.S. Bank Tower sold to Trade Center developer". Los Angeles Downtown News. Retrieved May 20, 2021.
- ^ Gonnabe. "ETHOS – In the Heart of Warsaw High Street • News • Kulczyk Silverstein Properties". ksprop.com.
- ^ Qianhai Economic Zone
- ^ Short, Aaron (February 10, 2025). "Breaking down every 2025 New York casino license bid". City & State New York. Retrieved February 19, 2025.
- ^ Small, Eddie (June 20, 2025). "Hyatt joins Silverstein's bid for a Far West Side casino". Crain's New York Business. Retrieved June 23, 2025.
- ^ Developer of proposed NYC casino chooses Hyatt as hotel partner
- ^ New Design Revealed for The Avenir, The Proposed Mixed-Use Complex on Manhattan's Far West Side
- ^ Silverstein’s Massive New Mixed-Use Tower, The Avenir, Revealed In Hell’s Kitchen, Manhattan
- ^ O'Connor, Devin (June 27, 2025). "New York Fields Eight Bids for Three Downstate Casinos". Casino.org. Retrieved June 27, 2025.
- ^ "No. 33 Silverstein Properties – Best Places to Work 2012 – Crain's New York Business". November 8, 2012.