Silverstein Properties Explained

Silverstein Properties Inc.
Type:Private
Founder:Larry Silverstein
Area Served:Worldwide
Industry:Real estate development
Num Employees:500+
Location City:Manhattan, New York
Location Country:U.S.
Location:7 World Trade Center

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]

New York casino bid

The Avenir
Pushpin Label Position:none
Location:Hell’s Kitchen
New York City, New York
Date Opened:cancelled
Rooms:1,000
Casino Type:Resort
Owner:Silverstein Properties
License Holder:Rush Street Gaming
Greenwood Gaming and Entertainment
Website:https://www.theavenir.com/

Silverstein Properties was one of eight bidders looking to open a casino in downstate New York. Silverstein Properties had 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] On September 17, 2025, a community advisory committee, appointed by the state government, voted against the proposed development, thus ending the proposal.[35]

Recognition

Since 2012, SPI has been ranked 33rd of the "Best Places to Work in New York City" by Crain's.[36]

External links

Notes and References

  1. Web site: NYC's Top 10 Biggest Landlords. April 29, 2015.
  2. Web site: Silverstein Properties History Commercial Real Estate. www.silversteinproperties.com. July 17, 2016.
  3. Web site: About Silverstein Properties New York Real Estate. www.silversteinproperties.com. July 17, 2016.
  4. Web site: Silverstein Properties – TRD Research . The Real Deal . March 19, 2019 . August 17, 2020.
  5. https://commercialobserver.com/2013/10/larry-silverstein-silverstein-properties/ Larry Silverstein, Silverstein Properties
  6. Web site: Tribeca Condominiums for Sale in NYC with Sweeping Views 30 Park Place, Four Seasons Private Residences New York Downtown. 30 Park Place. en-US. 2016-07-17.
  7. News: First Rebuilt Skyscraper at WTC Opens. Westfeldt. Amy. The Washington Post. 2006-05-23. 2018-04-23. en-US. 0190-8286.
  8. News: Fermino. Jennifer. November 13, 2013. First World Trade Center tower opens 12 years after 9/11. NY Daily News. 2018-04-23. en.
  9. News: Under Construction: Inside the Nearly Completed 3 WTC. La Guerre. Liam. 2018-02-13. Commercial Observer. 2018-04-23. en-US.
  10. News: Rubinstein. Dana. Pompeo. Joe. January 15, 2016. Murdochs abandon 2 World Trade, Silverstein soldiers on. Politico PRO. 2018-04-23.
  11. Web site: One West End. www.1westend.com. 2016-07-17.
  12. Web site: Silverstein buys majority stake in Taconic's 619 West 54th. 1 February 2017. The Real Deal.
  14. Web site: 529 5th Avenue NYC Commercial Real Estate. www.silversteinproperties.com. 2016-07-17.
  15. Web site: SILVERSTEIN MOVES INTO RESIDENTIAL IN '90S. Daniel. Gross. September 19, 2006. Crain's New York Business.
  16. News: O'Connell. Jonathan. March 19, 2011. Another out-of-town firm shows interest in D.C.. The Washington Post.
  17. News: Sale of 2 Large Buildings in Manhattan Stirs Interest. Shawn G.. Kennedy. The New York Times. August 3, 1983.
  18. News: Real Estate. Carter B.. Horsley. The New York Times. 26 July 1978.
  19. Web site: World Trade Center developer Silverstein Properties files suit over botched $138M deal for East Side tower. Katherine. Clarke. April 1, 2015. New York Daily News.
  20. Web site: Who Wants to Move to Ground Zero?. NYMag.com. Kolker. Robert. April 8, 2005 .
  21. Web site: Larry Silverstein to build city's tallest apartment tower. Greene. Leonard. 2 July 2014. New York Post.
  22. Web site: Silverstein Prepares to Buy ABC Campus for $1.2B. Rebecca . Baird-Remba. July 9, 2018 . Commercial Observer. January 17, 2019.
  23. Web site: Larry Silverstein marks first foray overseas. December 9, 2011. Crain's New York Business. Bloomberg News.
  24. News: July 22, 2020. LA's US Bank Tower sold to World Trade Center developer. January 29, 2021. Associated Press. Fox Business. en-US.
  25. News: Sun. Kevin. September 16, 2020. Silverstein Properties Closes on $430M US Bank Tower Buy. May 20, 2021. The Real Deal Los Angeles. en-US. limited.
  26. News: Bergholz. William. August 6, 2020. U.S. Bank Tower sold to Trade Center developer. May 20, 2021. Los Angeles Downtown News. en.
  27. Web site: ETHOS – In the Heart of Warsaw High Street • News • Kulczyk Silverstein Properties. Gonnabe. ksprop.com.
  28. Qianhai Economic Zone
  29. News: Short . Aaron . February 10, 2025 . Breaking down every 2025 New York casino license bid . City & State New York . February 19, 2025.
  30. Web site: Small . Eddie . Hyatt joins Silverstein’s bid for a Far West Side casino . Crain's New York Business . June 20, 2025 . June 23, 2025.
  31. Web site: Limone . Jerry . June 25, 2025 . Developer of proposed NYC casino chooses Hyatt as hotel partner . Travel Weekly.
  32. Web site: May 22, 2025 . New Design Revealed for The Avenir, The Proposed Mixed-Use Complex on Manhattan's Far West Side . The Avenir.
  33. News: Londono . Vanessa . May 28, 2025 . Silverstein's Massive New Mixed-Use Tower, The Avenir, Revealed In Hell's Kitchen, Manhattan . New York YIMBY.
  34. Web site: O'Connor . Devin . New York Fields Eight Bids for Three Downstate Casinos . Casino.org . June 27, 2025 . June 27, 2025.
  35. Web site: Wong . Natalie . Cattan . Nacha . Caesars’ Times Square Casino Bid Ends After NYC Community Vote . Bloomberg.com . September 17, 2025 . September 17, 2025. none.
    Web site: Huston . Caitlin . Times Square Casino Proposal, Backed By Caesars and Jay-Z, Denied By Advisory Committee . The Hollywood Reporter . September 17, 2025 . September 17, 2025.
  36. Web site: No. 33 Silverstein Properties – Best Places to Work 2012 – Crain's New York Business. November 8, 2012.

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