CalendarZ

    • English English
    • español español
    • français français
    • português português
    • русский русский
    • العربية العربية
    • 简体中文 简体中文
  • Home
  • Religious Holidays
  • National Holidays
  • Other Days
  • On This Day
  • Tools
    • Date converter
    • Age Calculator
  1. Home
  2. On This Day
  3. May
  4. 30
  5. Larry Silverstein

Births on May 30

Larry Silverstein
1931May, 30

Larry Silverstein

Larry Silverstein, American real estate magnate
Larry A. Silverstein (born May 30, 1931) is an American businessman. Among his real estate projects, he is the developer of the rebuilt World Trade Center complex in Lower Manhattan, New York City, as well as one of New York's tallest residential towers at 30 Park Place, where he owns a home. His net worth has been estimated at $3.5 billion as of 2016.Silverstein was born in Brooklyn, and became involved in real estate, together with his father, establishing Silverstein Properties. Silverstein separated from his business partner, Bernard Mendik, in 1977, and bought a number of large office buildings in Midtown and Lower Manhattan in the late 1970s. In 1980, Silverstein won a bid from the Port Authority of New York and New Jersey to construct 7 World Trade Center on Vesey Street, just north of the main World Trade Center site. Silverstein was interested in acquiring the original World Trade Center complex, and put in a bid when the Port Authority put it up for lease in 2000. Silverstein won the bid when a deal between the initial winner and the Port Authority fell through, and he signed the lease on July 24, 2001.

Soon after the September 11 attacks, in 2001, Silverstein declared his intent to rebuild, though he and his insurers became embroiled in a multi-year dispute over whether the attacks had constituted one event or two under the terms of the insurance policy, which provided for a maximum of $3.55 billion coverage per event. A settlement was reached in 2007, with insurers agreeing to pay out $4.55 billion, which was not as much as Silverstein had sought. Silverstein also ran into multiple disputes with other parties in the rebuilding effort, including with the Port Authority. In an agreement reached in April 2006, Silverstein retained rights to build three office towers (150 Greenwich Street, 175 Greenwich Street, and 200 Greenwich Street), while One World Trade Center (previously referred to as the "Freedom Tower") would be owned by the Port Authority, as would Tower Five, which it would have the option of leasing to a different private developer and having redesigned as a residential building.


References

  • Larry Silverstein

Choose Another Date

Events on 1931

  • 20Feb

    San Francisco-Oakland Bay Bridge

    The Congress of the United States approves the construction of the San Francisco-Oakland Bay Bridge by the state of California.
  • 19Mar

    Nevada

    Gambling is legalized in Nevada.
  • 23Mar

    Indian independence movement

    Bhagat Singh, Shivaram Rajguru and Sukhdev Thapar are hanged for the killing of a deputy superintendent of police during the Indian struggle for independence.
  • 1Oct

    Women's suffrage

    Spain adopts women's suffrage.
  • 7Nov

    October Revolution

    The Chinese Soviet Republic is proclaimed on the anniversary of the October Revolution.

About CalendarZ

CalendarZ

In addition of showing the dates of significant holidays and events; CalendarZ enables you easily check out the time remaining to a certain date and all other details.

Our Partners

WoWDeals : All Deals in One Place

Quick Navigation

  • Home
  • Upcoming Holidays
  • Religious Holidays
  • National Holidays
  • Other Days
  • Blog
  • Age Calculator
  • On This Day

© 2025 CalendarZ. All Rights Reserved. Contact Us / Privacy Policy

English   |   español   |   français   |   português   |   русский   |   العربية   |   简体中文