Silverstein Properties

What Silverstein Properties does

Silverstein Properties, Inc. is a privately-held, full-service real estate development, investment, and management firm founded in 1957 by Larry A. Silverstein and headquartered at 250 Greenwich Street in Lower Manhattan. The firm owns and operates a trophy portfolio of Class A commercial office properties centered on the 16-acre World Trade Center campus (7 WTC, 4 WTC, 3 WTC, and the planned 2 WTC anchored by American Express), with additional holdings including 1177 Avenue of the Americas (recently divested for $571.1M) and the 72-story US Bank Tower in Downtown Los Angeles. Silverstein serves enterprise tenants primarily in financial services, professional services, and technology/fintech sectors, with deals including 19,000 SF for Digital Asset at 4 WTC at $115/SF, ~88,000 SF for Clear Street, 49,264 SF for Starr, and 10-year commitments from Zurich North America and King & Spalding at US Bank Tower.

The firm's product platform integrates ground-up development, office-to-residential conversion (55 Broad Street, 571 units), fee development services, and creative financing through Silverstein Capital Partners. Vertically adjacent offerings include the Inspire hospitality platform (Inspire App, Inspire Workspace membership, Inspire programming), the SilverTech Ventures proptech investment arm, Inspire Labs innovation initiative, and Silverstein Technology Services. Branded residential and hotel developments include Nobu Bellevue Residences (365 units) and Four Seasons Hotel Downtown New York, leveraging licensing partnerships with Nobu and Four Seasons. Revenue is generated through long-term commercial lease agreements (recurring base), development fees and ownership stakes (transactional), lending operations (managed services), property management fees, and brand licensing royalties.

Silverstein's go-to-market is sales-led and relationship-driven, targeting enterprise tenants for trophy office space via direct in-house leasing teams and tenant representation brokers (e.g., Savills), while expansion into residential uses joint venture equity partnerships with developer partners (Essex Capital, Ascend Property Group, RXR, Metro Loft, Hyperion Group, Foulger Pratt, Howard Hughes Communities, Brookfield, Omni, Dabar). The firm is geographically diversified across New York City, Los Angeles, Philadelphia, Bellevue, Huntsville, Boynton Beach, and Alexandria, with all NYC commercial properties carrying LEED-Gold certification and Energy Star Certification, and the firm selected as a partner in New York State's $50M Empire Building Challenge for low-carbon high-rise construction.

Name

Silverstein Properties

Legal name

Silverstein Properties, LLC

Website

https://silversteinproperties.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Silverstein Properties is a privately-held, full-service real estate development, investment, and management firm founded in 1957, owning trophy Class A office properties at the World Trade Center campus and in Los Angeles, serving enterprise financial services, professional services, and technology tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development and Management

NAICS

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (533), Direct Title Insurance Carriers (524127), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Single-Family Offices (SFOs) (FSAAADAA)

Keywords

• Commercial real estate development
• Class A office leasing
• Mixed-use development
• Real estate investment management
• Property management services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Office Leasing: Primary revenue stream from leasing Class A office space across portfolio properties in Manhattan (World Trade Center campus, 1177 Avenue of the Americas), Los Angeles (US Bank Tower), and other major markets. Revenue from long-term tenant leases with premium rental rates.
2. Mixed-Use Development: Development of large-scale mixed-use projects including residential (55 Broad Street conversion, Nobu Bellevue Residences), hotel (Four Seasons Downtown), and retail components. Revenue generated through development fees, ownership stakes, and property sales.
3. Lending Operations (Silverstein Capital Partners): Provides creative financial structuring and capital solutions for real estate projects. Offers construction loans, condo inventory loans, and mixed-use financing. Leverages in-house design, development, leasing, and asset management capabilities.
4. Property Management Services: Comprehensive property management including tenant hospitality, Inspire programming, events, and building operations across portfolio.
5. Branded Residences Licensing: Revenue from Nobu-branded residential developments including luxury condominiums with branded public spaces and signature residential services.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Silverstein Properties is a privately held full-service real estate development, investment, and management firm that develops, owns, leases, and operates trophy Class A office, mixed-use, residential, and hotel properties. Its core revenue centers on long-term leasing of premium office space (notably at the World Trade Center campus and US Bank Tower), recurring property management and hospitality services delivered through the Inspire platform, in-house lending via Silverstein Capital Partners, and fee-based real estate development services.

Product overview

Silverstein Properties operates a multi-product real estate platform centered on property development, ownership, and hospitality services. The core offerings include Inspire (hospitality-focused tenant programming with the Inspire App and Inspire Workspace), Development (ground-up development and fee development services), Silverstein Capital Partners (lending and financial structuring), and Events (venue rental at WTC properties). Supporting technology products include Silverstein Technology Services, Silver Tech Ventures, and Inspire Labs. The property portfolio spans commercial office towers at the World Trade Center campus (7 WTC, 4 WTC, 3 WTC) and developments including 55 Broad Street and Four Seasons Hotel Downtown New York.

Differentiator

Problem solved

Functional benefit

Brands

• Inspire: Hospitality-focused programming across the Silverstein Properties portfolio, offering concierge services, wellness programming, and tenant amenities.
• Silverstein Capital Partners
• SilverTech Ventures
• Inspire Workspace
• Silver Art Projects

Products and services

• Inspire Hospitality-driven tenant programming service delivered to office tenants across the Silverstein Properties portfolio, offering concierge services, wellness programming, social events, learning opportunities, flexible meeting spaces, and engagement via the Inspire App. Customers are corporate office tenants in the firm's trophy buildings.
• Inspire Workspace Flexible and turnkey office solutions offered via membership at World Trade Center locations, targeting growing companies that need move-in-ready workspace without a traditional long-term lease.
• Development Real estate development services covering ground-up construction, adaptive reuse (including office-to-residential conversions), Opportunity Zone projects, and fee development engagements for complex urban mixed-use projects. Clients include institutional tenants, developers seeking co-development partners, and public-sector partners.
• Silverstein Capital Partners (Lending) In-house lending platform offering creative financial structuring and one-stop capital solutions for large-scale real estate loans, including construction loans, condo inventory loans, and mixed-use financing. Leverages Silverstein's in-house design, development, leasing, and asset management capabilities. Customers are real estate developers and project sponsors.
• Events Event space rental and management services at World Trade Center properties for cocktail receptions, seated dinners, lectures, exhibitions, conferences, and fashion shows. Customers include corporate, cultural, and private event organizers.
• Silverstein Technology Services Managed IT services and technology solutions for clients and tenants across the Silverstein Properties portfolio, supporting building systems and tenant technology needs.
• Class A Office Leasing (WTC Campus Portfolio) Long-term leasing of LEED-Gold certified Class A trophy office space across Silverstein's owned portfolio (7 WTC, 4 WTC, 3 WTC, and US Bank Tower) to enterprise tenants in financial services, professional services, and technology. Asking rents range from $115 to $150+ per square foot in Manhattan trophy properties on multi-year contracts.

Quantifiable outcome

• 100% LEED-Gold certification across NYC commercial portfolio
• +4 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

18 partnerships are on record, tiered flagship, core and major.

• American ExpressflagshipStrategic or Co-development Partner · 25 February 2026American Express signed as anchor tenant for 2 World Trade Center, committing to 2 million square foot global headquarters. Construction beginning spring 2026, completion targeted 2031. Represents approximately $5.9 billion investment.
• Essex CapitalcoreStrategic or Co-development PartnerJoint venture partner in Front Row development in Huntsville, Alabama. Essex Capital and Silverstein Properties affiliate joined Ascend Property Group in developing the $375 million mixed-use project with 545 residential units.
• Ascend Property GroupcoreStrategic or Co-development PartnerLead developer and joint venture partner in Front Row development in Huntsville, Alabama. Partnered with Silverstein Properties affiliate and Essex Capital on the $375 million mixed-use project.
• Cantor FitzgeraldcoreStrategic or Co-development PartnerSilverstein Properties and Cantor Fitzgerald L.P. formed a joint venture focused on acquiring and developing real estate projects in Opportunity Zones, targeting investments in major metropolitan markets.
• NobucoreOEM/ Whitelabel/ Licensing PartnerNobu brand licensing partnership for Nobu Bellevue Residences in Washington. Silverstein Properties owns two luxury residential towers rebranded as Nobu-branded residences, representing Nobu's first completed branded residential development in the US.
• RXRmajorStrategic or Co-development PartnerRXR leading $500 million recapitalization of 55 Broad Street office-to-residential conversion. Silverstein Properties entered joint venture with RXR and Metro Loft Management, structured as preferred-equity investment.
• Metro Loft ManagementcoreStrategic or Co-development PartnerSilverstein Properties and Metro Loft Management partnered with RXR on 55 Broad Street conversion. Silverstein and Metro Loft originally acquired the former Goldman Sachs headquarters for $172.5 million in 2023.
• Foulger PrattcoreStrategic or Co-development PartnerJoint venture with Foulger Pratt and Howard Hughes Communities for WestEnd Alexandria development at former Landmark Mall site. Breaking ground on two seven-story Aspect buildings with 390 apartments.
• Howard Hughes CommunitiescoreStrategic or Co-development PartnerJoint venture partner in WestEnd Alexandria 52-acre redevelopment. Howard Hughes Communities joined Silverstein Properties and Foulger Pratt on the major mixed-use project.
• Foster + PartnerscoreTechnology or IntegrationDesign architect for 2 World Trade Center. Norman Foster's firm designed the 55-story, 2 million square foot building as part of the World Trade Center campus.
• Arden GroupcoreStrategic or Co-development PartnerJoint venture with Arden Group for 1735 Market Street in Philadelphia. PVOLVE signed 10-year lease at the base of this 54-story LEED Gold-certified tower, currently 90% leased.
• BrookfieldmajorStrategic or Co-development PartnerCo-development partner in 5 World Trade Center project. Brookfield joined Silverstein, Omni, and Dabar in developing the 1,325-unit sustainable building with community facilities and public amenities.
• OmnimajorStrategic or Co-development PartnerCo-development partner in 5 World Trade Center project with Silverstein Properties, Brookfield, and Dabar. Project includes essential community facilities, affordable housing, and top-tier retail.
• DabarmajorStrategic or Co-development PartnerCo-development partner in 5 World Trade Center project alongside Silverstein Properties, Brookfield, and Omni for the sustainable, energy-efficient community-centric building.
• New York StatecoreStrategic or Co-development PartnerSilverstein Properties selected as partner in the Empire Building Challenge, a $50 million initiative to establish public-private partnerships for next-generation high-rise low-carbon buildings.
• Four SeasonscoreOEM/ Whitelabel/ Licensing PartnerSilverstein developed the Four Seasons Hotel Downtown New York and Four Seasons Resort Orlando as luxury hotels from the ground up.
• King & SpaldingcoreOthersLaw firm expanding footprint at US Bank Tower in Los Angeles, growing to 42,663 square feet with lease extension through 2033.
• Zurich North AmericacoreOthersInsurance company relocating Los Angeles office to US Bank Tower with new 10-year agreement expected summer 2026.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tishman Speyer: Global real estate owner, developer, and operator of trophy office, residential, and life-science properties. Highly comparable to Silverstein as a privately-held, vertically integrated developer focused on iconic office towers in major global cities.
• Hines: Global privately-held real estate investment, development, and management firm with trophy office, residential, and mixed-use projects worldwide. Comparable as a large-scale, integrated developer with similar mixed-use development capabilities.
• SL Green Realty Corp. Manhattan's largest office landlord with a portfolio heavily concentrated in Midtown trophy and Class A office space. Comparable to Silverstein in NYC Class A office focus, tenant base, and trophy-asset pricing strategy.
• Brookfield Property Group: One of the world's largest commercial real estate operators with significant trophy office and mixed-use holdings; an existing Silverstein JV partner on 5 WTC. Directly comparable as a major trophy office and mixed-use developer/owner.
• The Durst Organization: Family-owned New York real estate developer and manager of trophy office and residential properties, including One Bryant Park and One World Trade Center area holdings. Closely comparable to Silverstein as a NYC-focused, family-controlled trophy office owner with sustainability leadership.
• Boston Properties: NYSE-listed REIT focused on trophy Class A office properties in major US gateway markets including NYC. Comparable as a trophy office owner-developer with similar institutional tenant base and premium pricing model.
• Fisher Brothers: Family-owned New York real estate developer and investor with trophy office holdings including 299 Park Avenue and Park Avenue Plaza. Highly comparable as a privately-held family-controlled NYC office owner-developer.
• Empire State Realty Trust: NYSE-listed REIT focused on Manhattan and greater NYC office and retail properties, including the Empire State Building. Comparable to Silverstein's Manhattan Class A office portfolio and trophy asset profile.
• Vornado Realty Trust: NYSE-listed REIT concentrated in Manhattan trophy office properties, including properties near Penn Station and in the WTC vicinity. Comparable as a Manhattan-focused Class A office landlord with similar tenant mix and rent levels.
• Related Companies: Major privately-held real estate development firm behind Hudson Yards and large mixed-use projects including affordable and luxury residential. Comparable to Silverstein's mixed-use development model and large-scale urban transformation approach.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/silvprop
• Facebookfacebook.com/silversteinproperties
• LinkedInlinkedin.com/company/silverstein-properties
• Instagraminstagram.com/silversteinproperties

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silverstein Properties