Silverstein Properties

Silverstein Properties Inc. is a US-based real estate company which has its headquarters in New York City.

The company was founded in 1957 by Harry Silverstein. Today, his son Larry Silverstein is president of Silverstein Properties. In 2008, according to information the website of Silverstein Properties properties worth around 10 billion U.S. dollars owned by the company. Most real estate by Silverstein Properties are offices and apartments in New York, which are housed in skyscrapers.

World Trade Center

The company became famous for the World Trade Center. In July 2001, Silverstein Properties leased the destroyed Twin Towers on September 11, 2001 attacks. Shortly thereafter, the company announced to build the complex again. A building that 7 World Trade Center, was opened in 2006 and has since become the company's headquarters. Silverstein Properties is also the owner of the rest of the complex, which will be opened according to Larry Silverstein to about 2014. But the owner of the One World Trade Center, the tallest tower, the New York Port Authority.

The financing of the complex comes primarily from insurance money that Silverstein had received after the terrorist attacks. Overall, the company was awarded 4.577 billion U.S. dollars, since the World Trade Center complex was insured against terrorist attacks. Larry Silverstein sued his insurance company in 2004, under the other coming from Germany alliance, to double the amount of the original sum insured (a total of 7.1 billion U.S. dollars), with the argument that it had been on September 11, two strokes, because it was in the case of the World Trade Center two towers and would have taken place two strokes. The court announced the insurers in the second instance into two groups, depending on the type of insurance contracts. Four insurers were ordered to pay the simple sum, nine more to pay twice (a total of 4.577 billion U.S. dollars) to allow the court Silverstein was thus partly right. In particular, the alliance initially refused to pay this amount. In an interview to a German magazine with Larry Silverstein in February 2007, the headline appeared " insurance pays at last! " Which Silverstein pointed out the difficulties with insurance.

Known Real Estate

Here are some well-known real estate / Buildings are listed owned by Silverstein Properties:

  • One World Trade Center ( under construction ), 2006 was taken mostly from the New York Port Authority, the land owner of the Ground Zero New York (former name of the building the Freedom Tower ).
  • 200 Greenwich Street ( Two World Trade Center ) (construction currently interrupted)
  • 175 Greenwich Street (Three World Trade Center ) ( under construction)
  • 150 Greenwich Street ( Four World Trade Center ) ( completed )
  • 7 World Trade Center ( completed )
  • 30 Park Place (99 Church Street ) (also Four Seasons Hotel & Condominiums ) ( under construction)
  • Silver Towers ( completed )
  • 120 Broadway ( completed )
  • 120 Wall Street ( completed )
  • One River Place ( completed )
  • 1177 Avenue of the Americas (Americas Tower ) ( completed )
  • 575 Lexington Avenue ( completed )
  • 514 11th Avenue, in planning
Types of business entity
730544
de