{"id":1004158670,"date":"2016-11-09T10:48:31","date_gmt":"2016-11-09T18:48:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004158670"},"modified":"2022-12-09T01:26:03","modified_gmt":"2022-12-09T09:26:03","slug":"larry-silverstein-shares-insights-on-trump-win","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/larry-silverstein-shares-insights-on-trump-win\/","title":{"rendered":"Larry Silverstein Shares Insights on Trump Win"},"content":{"rendered":"<p>By Paul Fiorilla<\/p>\n<p><strong><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Larry-Silverstein-3-e1478717162328.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004158674\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/larry-silverstein-shares-insights-on-trump-win\/larry-silverstein-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Larry-Silverstein-3-e1478717162328.jpg\" data-orig-size=\"799,743\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;7.1&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1216852897&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;77&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.01&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Larry-Silverstein-3\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Larry-Silverstein-3-e1478717162328.jpg?w=799\" class=\"alignright size-medium wp-image-1004158674\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Larry-Silverstein-3-e1478717162328.jpg\" alt=\"Larry-Silverstein-3\" width=\"300\" height=\"279\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Larry-Silverstein-3-e1478717162328.jpg 799w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Larry-Silverstein-3-e1478717162328.jpg?resize=300,279 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Larry-Silverstein-3-e1478717162328.jpg?resize=768,714 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York\u2014<\/strong>New York real estate magnate Larry Silverstein, who supported Hillary Clinton in the race for president, expressed optimism that fellow New York developer Donald Trump would govern from the center.<\/p>\n<p>Speaking at the Bisnow office market conference in lower Manhattan, the chairman of Manhattan-based real estate firm Silverstein Properties Inc. said Trump&#8217;s determination would lead him to govern as a unifying force.<\/p>\n<p>&#8220;He works hard. He is highly focused when he wants to be,&#8221; Silverstein said, noting he has known Trump for more than 30 years. &#8220;Knowing his determination, his drive, his commitment once he makes it&#8230;will propel him to be the best president he can possibly be.&#8221;<\/p>\n<p>Despite the hard rhetoric displayed during the campaign, Silverstein said he expects Trump to try to bring together a divided country. And he predicted that Trump&#8217;s children would be a &#8220;powerful influence in going forward.&#8221;<\/p>\n<p>Admitting to being &#8220;disappointed&#8221; and surprised by the outcome, Silverstein said there was a positive side, and moving forward he expected Trump to focus on the good of the country.<\/p>\n<p>&#8220;Having faith in him is a necessity, &#8221; Silverstein said. &#8220;Can he do good? Will he do good? I think so.&#8221;<\/p>\n<p>Silverstein also said he expects to finish <a href=\"https:\/\/www.commercialsearch.com\/news\/fundrise-markets-3-wtc-investment-opportunity\/\" target=\"_blank\" rel=\"noopener\">Tower 3 of the World Trade Center<\/a> complex by 2018. The 2.5 million-square-foot office building is being leased up.<\/p>\n<p>He also revealed that Fox mogul Rupert Murdoch personally nixed a deal to lease a big chunk of <a href=\"https:\/\/www.commercialsearch.com\/news\/2-wtc-gets-a-new-look\/\" target=\"_blank\" rel=\"noopener\">Tower 2<\/a> of the World Trade Center to Newscorp. and 21st Century Fox, and now the search is on to find a lead tenant. Silverstein is targeting a 2021 or 2022 opening for that building.<\/p>\n<p>Meanwhile, some $175 million of capital has been lined up for a performing arts center at the WTC, with $75 million being supplied by Ronald Perelman, the billionaire\u00a0businessman and philanthropist who makes diverse investments as chairman &amp; CEO of MacAndrews &amp; Forbes Inc., and the rest from the federal government. A 2021 opening date is being targeted.<\/p>\n<p>Silverstein Properties has developed, owned and managed 40 million square feet of office, residential, hotel and retail space, with $10 billion of development activity in the pipeline. The firm has spent the last 14 years rebuilding the office component of the World Trade Center site, a $20 billion project. The firm is also currently developing a <a href=\"https:\/\/www.commercialsearch.com\/news\/silverstein-launches-condo-sales-inside-tallest-downtown-ny-tower\/\" target=\"_blank\" rel=\"noopener\">Four Seasons hotel and private residences<\/a> in Lower Manhattan that will be one of the <a href=\"https:\/\/www.commercialsearch.com\/news\/four-seasons-hotel-new-york-downtown-to-open-this-summer\/\" target=\"_blank\" rel=\"noopener\">tallest residential towers<\/a> in New York at 82 stories. Other high-profile Manhattan properties owned and managed by Silverstein include 120 Broadway, 120 Wall Street and 1177 Avenue of the Americas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York real estate magnate revealed why he remains optimistic about a Trump presidency.<\/p>\n","protected":false},"author":463,"featured_media":1004158674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,23891],"tags":[],"class_list":["post-1004158670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Larry Silverstein Shares Insights on Trump Win - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/larry-silverstein-shares-insights-on-trump-win\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Larry Silverstein Shares Insights on Trump Win\" \/>\n<meta property=\"og:description\" content=\"The New York real estate magnate revealed why he remains optimistic about a Trump presidency.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/larry-silverstein-shares-insights-on-trump-win\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-09T18:48:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:26:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/Larry-Silverstein-3-e1478717162328.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"799\" \/>\n\t<meta property=\"og:image:height\" content=\"743\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Fiorilla\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/larry-silverstein-shares-insights-on-trump-win\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/larry-silverstein-shares-insights-on-trump-win\/\",\"name\":\"Larry Silverstein Shares Insights on Trump Win - 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