Larry Silverstein
Larry Silverstein
Biography of a Real Estate Developer and Entrepreneur
Full Name and Common Aliases
Larry A. Silverstein is the full name of this American real estate developer and businessman.
Birth and Death Dates
Born on May 3, 1935, in Brooklyn, New York, to Jewish immigrant parents from Poland. He passed away on April 9, 2021.
Nationality and Profession(s)
Silverstein holds dual citizenship: United States and Canada. He is a renowned real estate developer, businessman, and philanthropist.
Early Life and Background
Growing up in Brooklyn, Silverstein developed an interest in business at a young age. His family struggled financially during the Great Depression, which instilled in him a strong work ethic and entrepreneurial spirit. He attended Abraham Lincoln High School before enrolling at New York University (NYU), where he earned his Bachelor's degree in Economics.
Major Accomplishments
Larry Silverstein is best known for his leadership role as the CEO of Silverstein Properties. The company, founded by his father, has become one of the leading real estate development and investment firms in New York City. Under his guidance, Silverstein transformed the Lower Manhattan skyline with several iconic projects:
World Trade Center: In 2001, Silverstein signed a lease agreement with the Port Authority of New York & New Jersey to occupy the entire complex, including the Twin Towers (WTC 1 and WTC 2). Tragically, the events of September 11, 2001, destroyed both towers.
30 Park Place: Also known as 3 World Trade Center, this building is a key component of the rebirth of Lower Manhattan. Completed in 2016, it serves as a hub for tech and innovation companies.
Notable Works or Actions
Throughout his career, Larry Silverstein has been involved in numerous high-profile projects:
Woolworth Building: In the 1990s, he led the restoration of this iconic skyscraper, which had fallen into disrepair.
Battery Park City: As a key figure in the development of this waterfront community, Silverstein helped create a thriving residential and commercial hub.
Impact and Legacy
Larry Silverstein's impact on New York City's real estate landscape is undeniable. His innovative approach to redevelopment has revitalized neighborhoods and created opportunities for generations of entrepreneurs. As a leader, he has been recognized for his:
Philanthropy: Through the Larry A. Silverstein Foundation, he supports various causes, including education, healthcare, and Jewish community initiatives.
Community Development: His focus on creating vibrant public spaces and promoting mixed-use development has contributed to the growth of New York City's economy.
Why They Are Widely Quoted or Remembered
Larry Silverstein is widely quoted and remembered for his:
Leadership and Vision: As a master builder, he has brought new ideas and passion to the world of real estate.
Resilience in the Face of Adversity: His determination to rebuild and revitalize Lower Manhattan after 9/11 has inspired countless individuals.
Larry Silverstein's life story serves as a testament to the power of hard work, innovative thinking, and community involvement. His legacy continues to shape New York City's urban landscape, making him an enduring figure in American business and philanthropy.
Quotes by Larry Silverstein
The mayor has frequently urged us to proceed as quickly as possible, ... I believe that New Yorkers want to see rapid rebuilding and not yet another exercise in planning and re-planning.
I can't tell you why government does what it does. In the private sector, this doesn't happen. If they are sincere about making a deal, there's nothing to prevent us from going right back to the table and getting it done. It's just that simple. And we're ready to do it today.
Clearly, there are some issues that need to be resolved. But for today, my focus, like that of all New Yorkers, is on getting the Freedom Tower underway.
It looked as if a final, fair deal was at hand. However, we now find that the process has apparently gotten bogged down inside the Port Authority.
This is about moving the rebuilding forward as quickly as possible. All the finger-pointing must stop.
Al Cohen was a builder of high-rise office buildings - buildings of consequence.
Norman Foster understands how to design a bold urban icon while simultaneously enhancing the environment and quality of life of the building's occupants.
What is so spectacular is the opportunity to come together as we have in the last few days for the purpose of rebuilding the World Trade Center. It's of great significance to me and to all New Yorkers.
It is inexcusable that the Port Authority abruptly abandoned the talks (Tuesday) night without a plan to move forward. We are not sure where this leaves us now.