Larry Silverstein is a billionaire who has a net worth estimated to be $1 billion. He is the chairman as well as founder of Silverstein Properties which is based in New York.
Silverstein Properties owns approximately 16 million square feet of retail, office and residential properties in the United States of America.
Silverstein Properties include the 7 World Trade Centre in Manhattan. In July 2001, Silverstein signed a 99-year lease on the World Trade Center Towers for a price of $3.2 billion. This happened 7 weeks before the 9/11 attacks.
Silverstein Properties and New Jersey and Port Authority of New York received $4.5 billion as insurance payout. They used the money to construct new towers at the same place.
Silverstein Properties is a family-owned business based in New York. The company was established in 1957 by Larry Silverstein. It focuses on acquiring, developing and managing retail, office, mixed-use and residential properties.
Silverstein Properties is the 5th largest commercial landlord in New York. It has been one of the largest investors in New York real estate over the past half a century.
The company has developed and managed an excess of 40 million square feet of properties. Some of the notable properties developed by Silverstein Properties include: 120 Wall Street, World Trade Centre, Equity Building, One West End Luxury Condominiums, 1177 Avenue of Americas, 521 Fifth Avenue, 619 West 54th Street, Americas Tower, Salmon Tower Building, Silver Towers in Manhattan, Ronald Reagan Office Building, Beekman Tower, 530 Fifth Avenue, 11 West 42nd Street, Stratos Office Centre, US Bank Tower, Ethos, and Four Seasons Hotel and Private Residences. The company has been developing several properties in Poland, mainland China and in Washington DC.
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