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Original 5 World Trade Center building seen from the courtyard of The Sphere, 1998. 5 World Trade Center (5 WTC) was originally a steel-framed nine-story low-rise office building built in 1970–72 at New York City's World Trade Center. The building was designed by Minoru Yamasaki and Emery Roth & Sons. The structure was 118 ft (36 m) tall and ...
Larry A. Silverstein (born May 30, 1931) is an American billionaire businessman. [1] 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. [ 2 ]
5 WTC was the least damaged building of the entire complex. Floors 4–9 suffered partial collapse and/or fire damage as a result of the September 11 attacks, while Floors 1–3 were not damaged. The building's structural integrity on its upper floors were partially compromised due to the impact of steel and other debris from the North Tower.
Twenty-two years after 9/11 — and after battles with Pataki, Bloomberg and Port Authority — Larry Silverstein is closing in on the prize that long eluded him: Two World Trade Center.
The Port Authority, Silverstein Properties, and the Lower Manhattan Development Corporation (LMDC) have overseen the reconstruction of the site as part of the new World Trade Center, following a master plan by Studio Daniel Libeskind. [3] Developer Larry Silverstein holds the lease to retail and office space in four of the site's buildings. [4]
Silverstein Properties Incorperated, OHIO EST. is an American 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.
In April 2006, the Port Authority and Larry Silverstein reached an agreement in which Silverstein ceded rights to develop Towers One and Five in exchange for financing with Liberty Bonds for Towers Two, Three, and Four. [84] [85] On April 27, 2006, a ground-breaking ceremony was held for the Freedom Tower. [86]
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