NY Post
LARRY'S NEW PLAN
SILVERSTEIN PLOTS WEST SIDE TOWERS
SILVER DOLLARS: Larry Silverstein and his daughter, Lisa, are planning a huge $917.6 million pair of apartment towers in Midtown.
November 8, 2006
LARRY Silverstein will soon be developing another set of twin towers.
This time, however, the project, worth nearly $1 billion, will not rise from the World Trade Center site downtown but instead farther north at his River Place site between 41st and 42nd streets near the Javits Convention Center.
Located exactly at 600 W. 42nd St., Silverstein's $917.6 million project will involve constructing a common base that will serve as the foundation for two 57-story towers.
Inside will be 1,157 residential units, 18,277 feet of commercial space and a 194-car underground garage.
A Silverstein spokesperson declined to comment.
Silverstein is applying to use $656 million in Multi-Family Housing Revenue Bonds from the New York State Housing Finance Agency in return for offering 20 percent of the housing units to lower income families.
His daughter, Lisa Silverstein, has been overseeing this development for many years.
A snaking tower with Hudson River and city views was previously planned for the most westerly portion of the site, but development got held up by Gov. George Pataki, who was leaning on Silverstein to make the land the site of an official Javits Center hotel.
Condemnation plans for a sky bridge over 41st Street that was to connect to a new hotel to an expanded Javits Center had begun but weren't finished in part because the additional expansion of the convention center has run into roadblocks.
Chief among them is figuring out where to relocate an MTA bus garage that currently takes up the block between 40th and 41st street.