Early Life
Larry Silverstein was born in Brooklyn, New York, in 1931. His father, Harry Silverstein, was a commercial leasing broker, which exposed Larry to the real estate business from a young age. He attended the High School of Music and Art in New York and graduated from New York University in 1952. He later attended Brooklyn Law School.
Rise to Success
Silverstein's career began with him working alongside his father as a leasing broker. In 1957, he co-founded Silverstein Properties, which grew into a significant real estate development firm. In 1980, he won a bid to construct 7 World Trade Center. His most recognized achievement includes signing a 99-year lease on the World Trade Center complex in 2001, just weeks before the 9/11 attacks. Despite the tragedy, Silverstein was determined to rebuild the World Trade Center site. He has since rebuilt several towers at the site, a project that solidified his legacy.
Key Business Strategies
Silverstein's success has been attributed to his ability to spot undervalued assets and transform them into profitable ventures. He is known for forming strategic partnerships, and leveraging these for development and acquisitions. His focus is on large-scale, complex projects that enhance neighborhoods.
Philanthropy
Silverstein has been involved in philanthropic activities throughout his career. He founded the New York University Real Estate Institute and served as a trustee of the New York University Medical Center and Health System. He has also served as chairman of the United Jewish Appeal in New York.
