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Silverstein Properties

American real estate development firm From Wikipedia, the free encyclopedia

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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]

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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]

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Company

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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]

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New York casino bid

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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]

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Recognition

Since 2012, SPI has been ranked 33rd of the "Best Places to Work in New York City" by Crain's.[35]

References

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