Silverstein Properties

Luxury rental in Astoria launches lottery for 90 apartments, from $828/month

Rendering courtesy of MNS

November 13, 2024

Luxury rental in Astoria launches lottery for 90 apartments, from $828/month

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Applications are now being accepted for 90 mixed-income apartments in a new luxury rental building in Astoria. Located at 34-35 44th Street on the border of Long Island City, the 13-story Hearthstone offers residents thoughtfully designed units with top-tier amenities, blocks from bustling Steinway Street. New Yorkers earning 40, 60, 100, and 130 percent of the area median income can apply for the units, with one bedrooms ranging from $828/month to 3,298/month and two bedrooms from $967/month to $2,768/month.
learn if you qualify
Former FiDi office tower launches leasing for luxury rentals, from $4,100/month

Renderings courtesy of Streetsense

September 23, 2024

Former FiDi office tower launches leasing for luxury rentals, from $4,100/month

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A former Financial District office building turned luxury rental tower officially launched leasing this week. Reimagined by CetraRuddy, the 36-story building at 55 Broad Street, once the headquarters for Goldman Sachs, is now home to 571 new apartments and 25,000 square feet of amenities, including a rooftop pool. Pricing for the studio to three-bedroom apartments starts at $4,100/month.
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Silverstein takes control over Brooklyn Tower in $672M deal

Photo by Evan Joseph

July 2, 2024

Silverstein takes control over Brooklyn Tower in $672M deal

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The real estate drama surrounding the Brooklyn Tower may be over. As first reported by Pincus Co, Silverstein Properties has taken over the tower's rental, retail, and unsold condo units from JDS Development in a $672 million deal. Silverstein had provided a $240 million loan for the tower, which JDS defaulted on in 2019, leading to a foreclosure auction scheduled for June 1. The auction was delayed and eventually avoided after Michael Stern of JDS transferred a preferred equity piece in the tower to Silverstein in order to restructure his debt, according to The Real Deal.
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See plan to convert FiDi office tower 55 Broad into 571 market-rate apartments

Image courtesy of Joe Woolhead

August 1, 2023

See plan to convert FiDi office tower 55 Broad into 571 market-rate apartments

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The plan to convert the Financial District office tower at 55 Broad Street into apartments is finally moving forward, with a closed deal and the release of new renderings this week. Silverstein Properties and Metro Loft Management on Monday announced they bought the tower for $172.5 million with plans to turn the 30-story office tower into a residential building with 571 market-rate apartments; upon completion, it will be one of New York City's largest office-to-residential conversions ever. Construction is expected to start in August and take roughly two years.
See more here
400 units of affordable housing approved for 5 World Trade Center

Renderings of 5 World Trade Center courtesy of Gov. Kathy Hochul’s Office

July 27, 2023

400 units of affordable housing approved for 5 World Trade Center

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The 900-foot-tall mixed-use skyscraper planned for 5 World Trade Center will include 400 units of affordable housing, a slight increase from the original proposal. After stalled negotiations, the Public Authorities Control Board on Thursday approved the mixed-use development at 130 Liberty Street, which calls for 1,200 new apartments, one-third of which will be permanently affordable to New Yorkers earning between 40 and 120 percent of the area median income. Plus, 20 percent of the affordable apartments will be offered to individuals who lived or worked in the neighborhood on September 11, including first responders and families of victims. Construction is scheduled to start next year, Gov. Kathy Hochul said.
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NYC’s latest casino bid calls for two 46-story skyscrapers across from the Javits Center

Renderings courtesy of Silverstein Properties

June 23, 2023

NYC’s latest casino bid calls for two 46-story skyscrapers across from the Javits Center

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Larry Silverstein of Silverstein Properties has joined the cast of prominent developers competing for one of three downstate casino licenses. Silverstein Properties on Friday announced plans for "The Avenir," a hotel, casino, entertainment, and residential development on a vacant plot of land on the border of Hudson Yards and Hell's Kitchen. Located at 41st Street and 11th Avenue, just north of the Javits Center, the proposed 1.8 million square foot project includes two 46-story towers with a luxury hotel, a top-floor performance hall, affordable housing, and an eight-story casino run by Greenwood Gaming and Entertainment at the base.
See more here
NYC Council approves two projects that together bring 5,000 apartments to Brooklyn and Queens

Rendering of the proposed Innovation QNS district. Image courtesy of VERO Digital

November 23, 2022

NYC Council approves two projects that together bring 5,000 apartments to Brooklyn and Queens

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The New York City Council on Tuesday voted to approve rezonings Innovation QNS in Astoria and Innovative Urban Village in East New York, two mixed-use districts that will create more than 5,000 units of housing, with 65 percent of them designated affordable. Over 34 percent, or 1,900 of the new housing units, will be deeply affordable for extremely or very low-income households.
Details here
Two major projects that would bring 3,200+ affordable homes to Brooklyn and Queens get key approval

Rendering of the proposed Innovation QNS district. Image courtesy of VERO Digital

November 18, 2022

Two major projects that would bring 3,200+ affordable homes to Brooklyn and Queens get key approval

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Two major housing developments proposed for Brooklyn and Queens are moving forward. The New York City Council Committee on Zoning and Franchises on Thursday voted to approve rezonings Innovation QNS and Innovative Urban Village, which together would create more than 5,000 units of housing, 3,200 of which would be affordable. The two developments also include over 1,600 apartments for extremely or very low-income households.
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Whimsical ‘Wonderland’-inspired art exhibit and bar opens in Midtown

Photo by Elizabeth Acevedo

October 6, 2022

Whimsical ‘Wonderland’-inspired art exhibit and bar opens in Midtown

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A new interactive art experience is bringing the whimsical world of Alice's Adventures in Wonderland to Midtown. Created by artist Alexa Meade, the Wonderland Dreams art installation includes more than 20 playfully hand-painted rooms in Meade's signature 3D style. Meade has painted every inch of the 26,000-square-foot space, from floor to ceiling, creating a multi-dimensional work of art inspired by the Lewis Carroll novel. Taking over the old Best Buy at 529 Fifth Avenue, the limited exhibition opens on Friday, October 7 and runs through April 2023. The accompanying wine bar is expected to open later this month.
Get the details
Proposed $2B mixed-use district with 2,800 new apartments in Astoria moves forward

Renderings by VERO Digital

September 22, 2022

Proposed $2B mixed-use district with 2,800 new apartments in Astoria moves forward

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A plan to build a large-scale development with 2,800 apartments in Astoria is moving forward. The City Planning Commission on Wednesday voted in favor of Innovation QNS, a $2 billion mixed-use district proposed for five blocks in the Queens neighborhood, spanning 37th Street to Northern Boulevard, between 35th and 36th Avenues. The project will then head to the City Council for a final vote where it may face resistance from the local representative, Council Member Julie Won, who said she wants at least 50 percent of the apartments to be affordable.
Details here
Empty Financial District offices at 55 Broad will be converted to 571 apartments

Streetview of 55 Broad. © Google 2022

June 24, 2022

Empty Financial District offices at 55 Broad will be converted to 571 apartments

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As many of New York City's workers remain remote and office vacancy shows no signs of reversing, many have suggested the city's empty offices be used for living. In one of the largest office-to-residential conversions to be launched during the pandemic, two local developers have purchased the one-third vacant 55 Broad Street with the intention of creating 571 market-rate apartments, the Wall Street Journal reports.
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With Norman Foster back as the architect, 2 WTC construction could begin soon

Photo by Phil Dolby on Flickr

September 9, 2021

With Norman Foster back as the architect, 2 WTC construction could begin soon

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Twenty years after the terrorist attacks of September 11, the redevelopment of Lower Manhattan's World Trade Center complex is nearly complete. But one tower still hasn't got off the ground. After architecture firm changes and financing problems, developer Silverstein Properties said construction is set to begin in the coming months on 2 World Trade Center with a new design from Norman Foster's Foster + Partners. As first reported by Commercial Observer, the developer is close to securing an anchor tenant, which would lead to a construction loan and the start of work within "the next six to 12 months."
Get the details
Plan for 900-foot tower with 1,325 rentals at 5 World Trade Center moves forward

Photo by bilderkombinat berlin on Flickr

February 12, 2021

Plan for 900-foot tower with 1,325 rentals at 5 World Trade Center moves forward

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Plans to build a 900-foot mixed-use tower with 1,325 units of housing at 5 World Trade Center are moving forward. The boards of the Port Authority of New York and New Jersey and the Lower Manhattan Development Corporation voted on Thursday to approve the recommendation of the selection committee for the proposal from Brookfield Properties, Silverstein Properties, Omni New York, and Dabar Development Partners. The site is the former location of the Deutsche Bank building which was damaged in the September 11 terrorist attacks and later demolished. The developer will now enter negotiations for a lease for the residential tower, expected to measure 1.56 million gross square feet.
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$2B project in Astoria calls for massive mixed-use district with 2,700 housing units

Rendering the civic park at Innovation QNS courtesy of ODA

July 2, 2020

$2B project in Astoria calls for massive mixed-use district with 2,700 housing units

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A proposal to build a mixed-use district in Queens that would encompass five blocks and create thousands of new housing units was unveiled this week. Dubbed "Innovation QNS," the $2 billion project would bring 2,700 units of mixed-income housing, 250,000 square feet of creative office space, 200,000 square feet of retail, a new school, two acres of public open space, and new neighborhood amenities to Astoria. With ODA Architecture as the architect of the master plan, the mixed-use district is a joint private venture led by Silverstein Properties, Kaufman Astoria Studios, BedRock Real Estate Partners.
See the plan
Developer scraps Bjarke Ingels-designed 2 WTC for revamped Norman Foster tower

Previous rendering of 2 World Center via DBOX, courtesy of Bjarke Ingels Group

January 16, 2020

Developer scraps Bjarke Ingels-designed 2 WTC for revamped Norman Foster tower

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It looks like Norman Foster's design for 2 World Trade Center might rise after all. First unveiled in 2006, the original Foster + Partners proposal was scrapped in 2015 for Bjarke Ingels' stacked tower, which was deemed more suitable to prospective media tenants. After leases with Fox and News Corp. fell through in 2016, the future of the tenant-less tower has remained uncertain. Absent any takers, developer Larry Silverstein is now pivoting back to the Foster vision, the New York Post reports. The old design is being "significantly modified to be more reflective of contemporary needs and taste," Silverstein said.
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Developer Silverstein Properties funds a new artist residency at 3 World Trade Center

Images courtesy of Silver Art Projects

July 5, 2019

Developer Silverstein Properties funds a new artist residency at 3 World Trade Center

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As rents and costs of living continue to rise in the city, artists have an increasingly hard time finding affordable studio space—particularly in Manhattan. In an effort to help struggling artists, a new artist residency is launching at 3 World Trade Center this fall. Funded by developer Silverstein Properties, Silver Art Projects is a “corporate social responsibility initiative” that will host 30 artists every September for up to eight months, providing them with 44,000 square feet of free studio space on the 50th floor of the building.
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Bjarke Ingels-designed 2 WTC may move forward without anchor tenant

Rendering of 2 World Center via DBOX, courtesy of Bjarke Ingels Group

February 11, 2019

Bjarke Ingels-designed 2 WTC may move forward without anchor tenant

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Silverstein Properties, Inc. chairman Larry Silverstein has said construction may begin on the final World Trade Center tower before a committed tenant signs a lease, Bloomberg reports. Following work on the building's foundation, the developer was waiting to progress with further work until a lease was signed. But optimism about the economy and strong leasing progress at neighboring towers may mean the building might rise "on spec." The 2.8 million-square-foot office tower, designed by Bjarke Ingels Group, will be the last of Silverstein’s four skyscrapers to occupy the site.
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3 World Trade Center officially opens, the fourth WTC building completed

Via Silverstein Properties

June 11, 2018

3 World Trade Center officially opens, the fourth WTC building completed

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Right on schedule for a June opening, developer Silverstein Properties took the lead in celebrating on Monday the highly anticipated opening of 3 World Trade Center with a ribbon-cutting ceremony. Led by CEO Larry Silverstein, the morning celebration at 3 World Trade Center at 175 Greenwich Street marked the official completion of four of the five buildings in the new World Trade Center complex. With nearly 40 percent of the building leased on opening day, the 80-floor tower designed by Rogers Stirk Harbour + Partners rises to 1,079 feet. "Starting with 7 WTC and the rest of the towers that followed, we sought to create modern, environmentally-conscious and technologically-advanced offices," Larry Silverstein, the chairman of Silverstein Properties, said in a statement. "Places that foster creativity where young people would want to work and collaborate. That meant great architecture and sustainable design, but also improved transportation, a more vibrant streetscape, new shops and restaurants, great public spaces, and exciting and fun public space art."
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New looks for 3 World Trade Center ahead of June opening

Photo via Silverstein Properties

April 19, 2018

New looks for 3 World Trade Center ahead of June opening

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Less than two weeks ago, developer Silverstein Properties released a pair of renderings of 3 World Trade Center's huge outdoor terrace, not only the first outdoor terrace in the WTC complex but the first and tallest private outdoor terrace in all of Lower Manhattan. Today, a fresh batch of views, these of the 1,079-foot-tall, 80-story building's exterior and interior, also come with a new list of superlatives. Designed by Rogers Stirk Harbour + Partners, 3 WTC will be the fifth tallest building in NYC, the only building in the world with a three-sided cable net wall, and the first building in the world with an annealed glass exterior.
See all the renderings
First look at 3 World Trade Center’s huge outdoor terrace
April 10, 2018

First look at 3 World Trade Center’s huge outdoor terrace

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Rendering via Silverstein Properties New renderings have been unveiled for an 11,000-square-foot outdoor terrace at 3 World Trade Center, expected to open when the skyscraper does so in June. Designed by Ken Smith Workshop, the space will be fully landscaped and feature a lush garden. As the first outdoor terrace on the World Trade Center campus, 3 WTC tenants will enjoy unbeatable views of 1 WTC and the WTC Transportation Hub. Another perk? A special operator will serve coffee to tenants in a furnished, canopied area on the terrace.
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Beyer Blinder Belle overseeing $50M restoration of FiDi’s iconic Equitable Building

Rendering via MAQE

October 17, 2017

Beyer Blinder Belle overseeing $50M restoration of FiDi’s iconic Equitable Building

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One of New York's best-known office buildings will get a major restoration. According to Curbed, Equitable Building owner Silverstein Properties plans to spend $50 million to return the Financial District building to its former glory, restoring many design elements that were on display when it first opened in 1915. Beyer Blinder Belle will oversee the reno, which includes the restoration of the entrance, a new lighting system with hanging bronze fixtures, a new reception desk, and a granite accent wall. For those unfamiliar with the Equitable Building, it actually played a huge role in the city's current zoning laws. The H-shaped tower, which takes up the entire block on Broadway between Pine and Cedar Streets, caused a scandal when it opened due to the long shadows it cast on nearby streets, leading the city to establish the first-ever zoning laws to regulate the height of future tall buildings.
Read about the restoration details
City seeks to revoke access to office rooftops made for employee mingling

Rendering of L&L Holding Company’s planned rooftop terrace at 390 Madison Avenue

July 5, 2017

City seeks to revoke access to office rooftops made for employee mingling

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Update 7/31/17: The Post reports that the DOB recently sent landlords a draft memo clarifying that, aside from minor details, terraces are allowed "as open passive recreation space."  To give workers a comfortable and conducive work space, some companies have outfitted their offices with amenities like on-site fitness centers, free coffee and outdoor space. However, the city’s Department of Buildings has launched a campaign to stop or delay these rooftop terraces on office towers, claiming the spaces can only be used for plants, not people. As the New York Post reported, DOB may not approve office terrace plans and may even rescind already approved plans.
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VOTE for 6sqft’s 2016 Building of the Year!
December 10, 2016

VOTE for 6sqft’s 2016 Building of the Year!

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For new developments, 2015 was the year of reveals, but 2016 was all about watching these buildings reshape our city. Ahead we've narrowed a list of 12 news-making residential structures, each noted for their distinctive design, blockbuster prices, or their game-changing potential on the skyline or NYC neighborhoods. Which of these you think deserves 6sqft's title of 2016 Building of the Year? Have your say below. Polls for our third annual competition will be open up until 11:59 p.m., Sunday, December 11th*, and we will announce the winner on Tuesday, December 13th!
Learn more about each of the buildings in the running here
REVEALED: World Trade Center Performing Arts Center will be a translucent marble cube
September 8, 2016

REVEALED: World Trade Center Performing Arts Center will be a translucent marble cube

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After stalling for years, the $243 million World Trade Center Performing Arts Center started to make headway in recent months, first with a decision to go with REX as the designers and then with a $75 million gift from Billionaire businessman and philanthropist Ronald O. Perelman (who is gaining naming rights). And finally, the official renderings have been revealed, and they showcase a nearly 90,000-square-foot, translucent veined marble cube that both stands out as an impressive piece of cultural architecture and co-exists with the other structures on the WTC complex such as the 9/11 Museum and transportation hub. According to a press release from developer Silverstein Properties, "The Perelman Center is inspired by the Center’s mission to defy experiential expectations. Its design cues were taken from [an] aim to foster artistic risk, incubate original productions, provide unparalleled flexibility, and deliver the most technologically advanced and digitally connected spaces for creative performance."
See all the renderings
Apply for 116 brand new apartments at an amenity-loaded UWS tower, units from $833
August 30, 2016

Apply for 116 brand new apartments at an amenity-loaded UWS tower, units from $833

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Starting tomorrow, qualifying New York residents can apply for 116 sparkling new apartments at 10 Freedom Place South in Christian de Portzamparc’s masterfully planned Riverside Center on the Upper West Side. The affordable offer is part of Silverstein Properties and the Elad Group's luxurious new Pelli Pelli Clarke-designed 1 West End Avenue project, built through the city's 421-a Inclusionary Housing Program. As such, the development's 365 units have been divided into two sections served by two separate entrances—116 affordable apartments located in the lower eight floors marked by stone, and 249 lavish market-rate units topping them off in the glass tower.
Pricing and income requirements this way
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