Fireside Chat
Featuring Larry Silverstein, Chairman, Silverstein Properties
Interviewed by Brian Collins '82, Executive Vice President, Director of Development at Silverstein Properties
Sponsored by the Colgate Real Estate Council
Tuesday, January 12, 2021 | 6:00 p.m. ET
Join the Colgate Real Estate Council for their annual Winter Social, this year provided virtually. We will be featuring a series of events, kicked off by this discussion with Larry Silverstein of Silverstein Properties.
Larry Silverstein
Larry A. Silverstein is the Chairman of Silverstein Properties, Inc., a Manhattan-based real estate development and investment firm that has developed, owned and managed 40 million square feet of office, residential, hotel and retail space. The firm currently has $10 billion worth of development activity underway and has been recognized as one of the “Best Places to Work in New York City” by Crain’s New York Business for eight years in a row.
In July 2001, Mr. Silverstein completed the largest real estate transaction in New York history when he signed a 99-year lease on the 10.6 million square feet World Trade Center for $3.25 billion, only to see it destroyed in terrorist attacks six weeks later on September 11, 2001. He has spent the last 17 years rebuilding the office component of the World Trade Center site, a $30 billion project that will consume the balance of his working life.
In May 2006, Silverstein Properties opened 7 World Trade Center, the first office tower to be rebuilt at the site, and the first LEED-certified office building in New York City. The 52-story, 1.7 million square foot office tower is fully leased to an eclectic group of tenants. In November 2013, the company opened 4 World Trade Center, a 72-story 2.3 million square foot building designed by Fumihiko Maki. In June 2018, the company opened 3 World Trade Center, an 80-story, 2.5 million square foot building designed by Richard Rogers. The company is developing one other office tower on the WTC site – 2 World Trade Center (designed by Bjarke Ingels).
Silverstein Properties recently completed and opened a Four Seasons hotel and private residences designed by Robert A. M. Stern in Lower Manhattan which, at 82-stories, is one of the tallest residential towers in New York. The company recently completed and opened the largest Four Seasons resort in the world at the Walt Disney World Resort in Orlando, Florida.
Mr. Silverstein owns and manages many successful and high-profile commercial and residential properties in New York City, including 120 Broadway, 120 Wall Street, 529 Fifth Avenue and 1177 Avenue of the Americas. Mr. Silverstein recently completed and opened Silver Towers, two 60-story residential towers at 600 West 42nd Street, the companion to 1River Place, a 40-story, 921-unit tower which opened in 2000. The square block development houses over 2,200 families.
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 has served as Chairman of the Realty Foundation of New York.
Brian Collins ’82
Brian Collins is Executive Vice President and Director of Development where he oversees the development projects across the firm’s portfolio.
Previously, Mr. Collins was the Head of Acquisitions and Development at Fisher Brothers. Most recently, he oversaw over $1.5 billion in development of residential properties in New York City and Washington, DC, including 111 Murray, 225 East 39th Street, 101 West 87th Street, 37 Warren Street and 701 2nd Street NE on Capitol Hill.
Prior to joining Fisher Brothers, Brian was President of Intrawest, one of the largest resort owner/operators and real estate development companies in North America. As President, Brian oversaw all real estate activities worldwide. Before Intrawest, Brian was the founder of Colgate Development, a development company which specialized in the development of luxury hotels and condominiums. Under Brian’s leadership, Colgate developed several hotels and residential properties including The Ritz-Carlton in Charlotte, NC and the Residences at The Ritz-Carlton, Philadelphia.
Brian started his career in real estate development as a principal and COO of Millennium Partners. Overseeing the commercial components of Millennium’s projects, Brian was responsible for the development of The Ritz-Carlton hotels in New York, Boston and Washington and the Four Seasons hotels in San Francisco and Miami as well as five Sport Club/LA facilities, office space, movies theatres and parking garages. Brian is an active member of the Urban Land Institute where he serves as vice chairman for ULI New York. He is also active in numerous New York real estate groups and councils.
Mr. Collins holds a Bachelor of Science degree in Economics from Colgate University and a Masters in Accounting from NYU. He and his wife have two children and live in Fairfield CT.
Join the Colgate Real Estate Council for their annual Winter Social, this year provided virtually. We will be featuring a series of events, kicked off by this discussion with Larry Silverstein of Silverstein Properties.
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