Larry A. Silverstein is a real estate developer in New York City and was appointed a director of
in May 1997. Since 1979, Mr. Silverstein has been President of
Silverstein Properties, Inc.,
a Manhattan-based real estate investment and development firm which owns interests in and operates
over 10 million square feet of office space.
Larry Silverstein purchased a $3.2 billion, 99-year lease of the
World Trade Center
in July 2001, along with the above mentioned partner Westfield America for the shopping parts.
Silverstein took control of the 10-million-square-foot trophy office
complex just seven weeks before it was destroyed by terrorist attacks.
The veteran developer also owned the collapsed
7 World Trade Center,
a 2-million-square-foot, 47-story office building adjacent to the complex erected by the bi-state agency
Port Authority of New York and New Jersey.
In the meanwhile the
new 7 World Trade Center building
is under construction.
Mr. Silverstein is a member of the New York Bar, and a Governor of the Real Estate Board of New York, having
served as its Chairman. He is a trustee of New York University and is the founder and Chairman Emeritus of the
New York University Real Estate Institute. He is Chairman of the Realty Foundation, Vice Chairman of the South
Street Seaport Museum, and a board member of the Museum of Jewish Heritage.
Larry Silverstein in 2001