Other Projects
While Silverstein is most famous for his involvement at the World Trade Center, his real estate holdings include many other buildings in New York City, including 575 Lexington Avenue, 1177 Avenue of the Americas, 529 Fifth Avenue, and 570 Seventh Avenue.
Among his residential projects is an extensive complex that takes up the entire block between 42nd and 41st Street and between 11th and 12th Avenues in the Hell's Kitchen, Manhattan neighborhood. Projects on the block include 39 One River Place which opened in 2001. In May 2009 the twin-towered Silver Towers opened. At 60 stories it is the tallest rental building in New York.
Other properties include 30 Park Place. Silverstein was also involved as a developer of the Ronald Reagan Building in Washington, D.C..
In November 2006, Silverstein agreed to buy the building at 99 Church Street from Moody's for $170 million. Moody's moved its headquarters into 7 World Trade Center in 2007. 99 Church Street was promptly razed to make way for Silverstein's new project on the site. The 2008 plan proposed a 68 story, 912 foot tower, composed of condominiums and a Four Seasons Hotel on the lower 22 stories. However, due to lack of financing, the project is not currently progressing past the foundation.
In 1989 Silverstein proposed to members of the Israeli government that a free trade zone should be created within the Negev region of Israel. The project ultimately failed, however it enjoyed popular support amongst leading Israeli political figures.
Read more about this topic: Larry Silverstein
Famous quotes containing the word projects:
“But look what we have built ... low-income projects that become worse centers of delinquency, vandalism and general social hopelessness than the slums they were supposed to replace.... Cultural centers that are unable to support a good bookstore. Civic centers that are avoided by everyone but bums.... Promenades that go from no place to nowhere and have no promenaders. Expressways that eviscerate great cities. This is not the rebuilding of cities. This is the sacking of cities.”
—Jane Jacobs (b. 1916)
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)