9/3/22 | (Larry) Silverstein Properties *SEARCH*
Crank the absurdity level up to 100 with this one....'Lucky Larry' Silverstein suddenly appears on the scene
‘Lucky Larry’ Silverstein
Silverstein Properties, Inc.
is a family held, full-service real estate development, investment and management firm based in New York City. Founded in 1957 by Chairman Larry Silverstein, the company specializes in developing, acquiring, and managing office, residential, hotel, retail, and mixed-use properties. The firm is New York City's fifth-largest commercial landlord.[1]
Silverstein Properties' real estate business has been one of the largest investors in New York City real estate over the past fifty years,[2] having developed, owned and managed more than 40 million square feet of office, residential, hotel and retail properties including the new World Trade Center, 30 Park Place (Four Seasons Private Residences New York Downtown), 120 Wall Street, Equitable Building, and Americas Tower.[3]
Silverstein Properties is headquartered at 7 World Trade Center in Manhattan, New York City.[4]
Company
Silverstein Properties has developed, owned, and managed more than 40 million SF (3.25 million m2) of commercial, residential, and retail space. Prior to joining the firm, Silverstein Properties' executives and professionals developed in excess of 100 million SF (9.3 million m2) in the United States and abroad.[3]
Silverstein Properties' portfolio includes 13.4 million[1] square feet of office, residential and retail properties and $10 billion of current development. Notable past and current projects include:[5]
Four Seasons Resort at Walt Disney World
Four Seasons Hotel and Private Residences at 30 Park Place[6]
World Trade Center complex in downtown Manhattan (7 World Trade Center,[7] 4 World Trade Center,[8] 3 World Trade Center,[9] 2 World Trade Center[10])
One West End Luxury Condominiums[11]
619 West 54th Street[12]
River Place (Manhattan)
Silver Towers (Manhattan)
Salmon Tower Building (Manhattan)[13]
529 Fifth Avenue[14]
521 Fifth Avenue[15]
530 Fifth Avenue[15]
Ronald Reagan Office Building[16]
711 Fifth Avenue[17]
105 Madison Avenue[18]
11 West 42nd Street[20]
520 West 41st Street[21]
Disney Campus 125 West End Avenue[22]
Disney Campus 320 West 66th Street[22]
Disney Campus 147 Columbus Avenue[22]
Disney Campus 149 Columbus Avenue[22]
Disney Campus 77 West 66th Street[22]
Disney Campus 47 West 66th Street[22]
Disney Campus 7 West 66th Street[22]
Disney Campus 30 West 67th Street[22]
Stratos Office Center[23]
Ethos[24]
Qianhai Economic Zone Shenzhen, China[25]
Several projects in Washington, D.C., Poland, and mainland China
https://en.wikipedia.org/wiki/Silverstein_Properties
Early life and education
Silverstein was born in Bedford–Stuyvesant, Brooklyn, in 1931 into a Jewish family. Growing up, he enjoyed classical music and played the piano. He attended the High School of Music and Art in New York, and then New York University, graduating in 1952. During college, he worked at a summer camp, where he met his wife-to-be, Klara. They married in 1956, and had three children: Lisa, Roger and Sharon. His wife worked as a school teacher, supporting the family on her salary for the first few years of their marriage while Silverstein attended classes at Brooklyn Law School.[7]
World Trade Center
Main article: World Trade Center (1973–2001)
During the 1990s, New York was suffering from the effects of the 1987 stock market crash, which led to high vacancy rates at the World Trade Center. George Pataki became Governor of New York in 1995 on a campaign of cutting costs, including privatizing the World Trade Center. A sale of the property was considered too complex, so it was decided by the Port Authority to open a 99-year lease to competitive bidding.[15]
In January 2001, Silverstein, via Silverstein Properties, made a $3.22 billion bid to lease-purchase the World Trade Center.[16] He was outbid by $30 million by Vornado Realty, with Boston Properties and Brookfield Properties also competing for the lease. However, Vornado withdrew in March, giving Silverstein 14 days to negotiate a new bid.
His negotiated bid was finalized on April 26, 2001, in partnership with Westfield America, Inc. and accepted on July 24, 2001.
Westfield becomes relevant prior to me shooting the gun off
it is repeatedly and prominently featured in the ai generated articles I stumble across while investigating the entire PhotoRobot fraud and landing on a site called ‘FootwearNews.com’
I actually go through a bunch of the ai generated article at the end of this video here that is on my Vimeo channel
The 9/11 attacks also become relevant
as crazy as that sounds as it just so happens that almost every single one of the HTML folders for the full web pages I was downloading and saving of the PhotoRobot website (directly from the Internet Archive..) just so happened to all contain a file in them simply named ‘911’ with no file extension at all. Even though I noticed this I didn’t give it much attention at all and only ended up realizing what it was when archive.vn automatically converted it into an image (archive.vn actually let’s you save an archive of the Internet Archive..). You can see for yourself what the file named ‘911’ actually was in my Substack post going over the collection of evidence related to the initial PhotoRobot fraud I discovered.
In November 2006, Silverstein agreed to buy the building at 99 Church Street from Moody's for $170 million.[48] Moody's moved its headquarters two blocks west into Silverstein's rebuilt 7 World Trade Center in 2007. The old building at 99 Church Street (between Barclay Street and Park Place, behind the Woolworth Building) was promptly razed to make way for Silverstein's new project on the site.
Speaking of Moody’s how about this coincidence?
It was the first time in the complex's 31-year history that it had changed management. After it withdrew, Vornado announced a deal with Bloomberg LP to finance Bloomberg's new headquarters at 731 Lexington Avenue.[20]
The lease agreement applied to One, Two, Four, and Five World Trade Center, and about 425,000 square feet (39,500 m2) of retail space. Silverstein put up $14 million of his own money to secure the deal.[21] The agreement gave Silverstein, as leaseholder, the right and the obligation to rebuild the structures if they were destroyed.[22]
September 11 attacks
Main article: September 11 attacks
Silverstein has said in interviews that he usually spent his mornings in breakfast meetings at Windows on the World on top of the World Trade Center North Tower, and with new tenants in the building. However, the morning of September 11, 2001, his wife insisted he attend a medical appointment, inadvertently saving him from certain death.[23][24]
All of the buildings at the World Trade Center, including buildings 1, 2, 3, 4, 5, 6, and 7, were destroyed or damaged beyond repair on September 11, 2001. After a protracted dispute with insurers over the amount of coverage for rebuilding World Trade Center buildings 1, 2, 4 and 5, a series of court decisions determined that a maximum of $4.55 billion was payable, and settlements were reached with the insurers in 2007.[25]
Insurance dispute
The insurance policies for World Trade Center buildings 1 WTC, 2 WTC, 4 WTC and 5 WTC had a collective face amount of $3.55 billion. After the September 11 attacks, Silverstein sought to collect double the face amount (~$7.1 billion) on the basis that the two separate airplane strikes into two separate buildings constituted two occurrences within the meaning of the policies. The insurance companies took the opposite view, and the matter went to court. Based on differences in the definition of "occurrence" (the insurance policy term governing the amount of insurance) and uncertainties over which definition of "occurrence" applied, the court split the insurers into two groups for jury trials on the question of which definition of "occurrence" applied and whether the insurance contracts were subject to the "one occurrence" interpretation or the "two-occurrence" interpretation.
The first trial resulted in a verdict on April 29, 2004, that ten of the insurers in this group were subject to the "one occurrence" interpretation, so their liability was limited to the face value of those policies, and three insurers were added to the second trial group.[26][27] The jury was unable to reach a verdict on one insurer, Swiss Reinsurance, at that time, but did so several days later on May 3, 2004, finding that the company was also subject to the "one-occurrence" interpretation.[28] Silverstein appealed the Swiss Re decision, but he lost that appeal on October 19, 2006.[29] The second trial resulted in a verdict on December 6, 2004, that nine insurers were subject to the "two occurrences" interpretation and, therefore, liable for a maximum of double the face value of those particular policies ($2.2 billion).[30] The total potential payout, therefore, was capped at $4.577 billion for buildings 1, 2, 4, and 5.[31] An appraisal followed to determine the value of the insured loss.
In July 2006, Silverstein and the Port Authority of New York and New Jersey filed a lawsuit against some of its insurers, for refusing to waive requirements of the insurance contracts that Silverstein claimed were necessary to allow renegotiation of the original July 2001 World Trade Center leases. This litigation was settled, together with the federal lawsuits and appraisal (described in the prior paragraph), in a series of settlements announced on May 23, 2007.[32][33][34][35] Silverstein's lease with the Port Authority for the World Trade Center complex requires him to continue paying $102 million annually in base rent.[36] He is applying insurance payments toward the redevelopment of the World Trade Center site.[31]
In March 2007, Silverstein appeared at a rally of construction workers and public officials outside of an insurance industry conference to highlight what he describes as the failures of insurers Allianz & Royal and Sun Alliance to pay $800 million in claims related to the attacks. Insurers cite an agreement to split payments between Mr. Silverstein and the Port Authority as a cause for concern.[37]
Philanthropy
Silverstein has been involved in his alma mater, as founder and chairman emeritus of New York University's Real Estate Institute, and as a trustee of the New York University Medical Center and Health System. Silverstein also has served as chairman of the United Jewish Appeal in New York, the Realty Foundation, trustee of the Museum of Jewish Heritage, and treasurer of the National Jewish Medical and Research Center in Denver. Silverstein is also a governor of The Real Estate Board of New York.[58]
In 2012, Silverstein donated $5 million to Hunter College, his wife Klara's alma mater, to fund the Klara and Larry Silverstein Student Success Center. Silverstein surprised Klara with the gift after she gave her farewell remarks as chairwoman of the Hunter College Foundation board of directors.[59][60] That same year, he and Klara donated $5.25 million to New York University School of Medicine to create the Silverstein Scholarship Fund.[61] On May 17, 2017, Silverstein delivered the keynote address to the School of Medicine's graduating class, which included seven Silverstein Scholars.[62]
https://en.wikipedia.org/wiki/Larry_Silverstein
