After spending over 33 years in the same Park Avenue apartment,
the man behind the redevelopment of much of the World Trade Center site in lower Manhattan, is selling his home to move downtown.
Mr. Silverstein, 86, and his wife Klara, 85, are listing their home at 500 Park Avenue in Midtown for $13.9 million. They’ve lived in the five-bedroom home since they moved from White Plains, N.Y., after their children went off to college, he said.
The full-floor, 4,653-square-foot condominium has a spacious living room for entertaining with views of Central Park, a paneled library and a dining room. Mr. Silverstein noted the use of sliding doors to separate the living and dining rooms, which could be left open to give a sense of space when entertaining but closed for privacy if necessary.
Mr. Silverstein said he couldn’t remember exactly what he’d paid for the home, but it was “significantly less” than its value today.
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The couple is moving to 30 Park Place, a downtown condominium recently completed by Mr. Silverstein’s eponymous company, which is two blocks from his office at the trade center. From their window, he and his wife will be able to peer out at the office buildings 3 World Trade Center and 4 World Trade Center, which his company built. Mr. Silverstein’s daughter,
and her family are also moving into the building, into a lower floor, he said.
“We’ll have our own compound up in the sky,” he said. The developer also joked that his 12-year-old grandson had promised to show him how to use his skateboard to tackle the short commute to the office. “We’re in active discussions about it,” he said.
of the Corcoran Group have the Park Avenue listing.