Silverstein Development
Fostering growth and vibrant communities
Our innovative developments build a legacy of successful projects, shaping thriving neighborhoods in New York and beyond.
Opportunity Zones
Silverstein Properties and Cantor Fitzgerald, L.P. have entered into a joint venture focused on acquiring and developing real estate projects located in Opportunity Zones, as defined in the 2017 Tax Cuts and Jobs Act. Our joint venture targets investments in Opportunity Zones with third-party developers, as well as large-scale projects where Silverstein Properties is the developer. Such investments may include retail, office, industrial, hospitality, and multifamily developments located in Opportunity Zones in major metropolitan markets.
Fee Development
The Silverstein development team has expertise in complicated, urban, large-scale projects and brings that knowledge to every project it pursues, including those where it is brought on as a fee developer, as in the case of 7 Hudson Square.
Hotels
Silverstein Properties has developed luxury hotels from the ground up, including the Four Seasons Downtown in New York City and the Four Seasons Resort Orlando.
Case studies
Our latest initiatives
1
Crafting a sustainable, energy-efficient, and community-centric building
The co-development of 5 World Trade Center, undertaken with partners Brookfield, Omni, and Dabar, represents a gratitude-inspiring opportunity. The vision for this project entails crafting a sustainable, energy-efficient, and community-centric building. Encompassing essential community facilities, crucial affordable housing, distinguished architecture, and top-tier retail, office, and rental spaces, the endeavor seamlessly integrates into the World Trade Center campus and the broader Downtown neighborhood.
1,325
apartments
12,000 sq ft
of community facility space
55,000 sq ft
of public amenity space
2
Largest office to residential conversions in New York
Amid a citywide housing shortage, our conversion of 55 Broad Street will create hundreds of new apartments in Lower Manhattan. The partnership is planning to convert the 410,000-square-foot building into hundreds of market rate apartments, making it one of the largest office to residential conversions in New York.
571
apartments
22% lower energy usage
projected compared to the existing office use
3
Bringing a mixed-use opportunity to Hell’s Kitchen
The Avenir, a hotel, casino, entertainment, and residential complex, is an opportunity to create much needed affordable housing, jobs, and economic development, along with many neighborhood improvements in an isolated and often-overlooked part of the City.
Two
46-story towers
1,000
hotel rooms
600,000 sq ft
of gaming, entertainment, and restaurant complex
SP Snapshots
Union workers on site
Window art by StickMonger at 3 World Trade Center
Bill Dacunto and Roger Silverstein at the ribbon cutting at 3 World Trade Center
Colleagues enjoying a Silverstein holiday party
A view of the WTC campus and Oculus
Colleagues relaxing on the terrace of 3 World Trade Center
Dancers performing in front of the Oculus
The entrance to 3 World Trade Center
A romantic proposal high above the city at 4 World Trade Center
Ballet dancers performing at 3 World Trade Center
Jon Batiste stopping by the World Trade Center
Artists at work on the 2 World Trade Center site
A musical performance at 3 World Trade Center
The Silver Hammers softball team ready to play ball
The entrance to 1177 Avenue of the Americas
A view of 7 World Trade Center and Frank Stella’s Split Star
The historic façade of 120 Wall Street
A yoga class at 3 World Trade Center
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