Larry Silverstein, president and CEO of Silverstein Properties, one of the most prominent and widely respected leaders in the New York commercial real estate industry, will be the honoree at The Realty Foundation of New York’s 59th annual luncheon scheduled for Thursday, April 18, 2013.
The fundraising event will be held at noon in the Grand Ballroom of the Waldorf Astoria Hotel.
“I am thrilled the Foundation will be recognizing my good friend Larry this year,” said Jerry L. Cohen, the Foundation’s chairman.
“No stranger to the Foundation and its mandate to help real estate professionals in need, Larry began as a director of the Foundation’s board in 1972. He assumed the title of vice president in 1975, and took over as chairman from Charles Urstadt in 1995, continuing to lead the Foundation for 14 years. Four years ago, he stepped down when I became chairman.
“Larry is unquestionably an icon in New York real estate circles, and he now spends much of his free time and resources supporting organizations dedicated to humanitarian pursuits.”
Silverstein Properties has developed, owned and managed 35 million square feet of office, residential and retail space and currently has $20 billion worth of development activity in the pipeline.
In July 2001, he completed the largest real estate transaction in New York — his acquisition of the World Trade Center for $3.25 billion — only to see it tragically destroyed in terrorist attacks six weeks later on September 11, 2001.
Silverstein committed the rest of his working life to getting the World Trade Center rebuilt.
In 2006, Silverstein Properties’ opened 7 World Trade Center at 250 Greenwich Street, just north of the World Trade Center site, now fully leased to an eclectic group of tenants.
And in September 2006, designs were unveiled for three new office towers on the site – 2, 3 and 4 World Trade Center.
The 2.3 million square feet, 977 feet tall 4 World Trade Center will be the first office tower on the 16-acre site to open later this year.