Larry Silverstein endorses his 30 Park Place development with $32M penthouse buy

UPDATE 4/27/18: A little over a year after news emerged that developer Larry Silverstein planned to make a new home in his own development at 30 Park Place, we’ve now learned that the sale has officially closed. Property records indicate that Silverstein paid just a little over $32 million for the full-floor penthouse, which is almost $2 million below its $34 million ask. Read on below for details on the penthouse.

While looking for a new New York City home, developer Larry Silverstein settled on one of his own creations. Just under a four-minute walk from his office at 7 World Trade Center, Silverstein has settled on a full-floor penthouse at his recently completed project at 30 Park Place, the Wall Street Journal reports.

Being the developer of the 82-story building didn’t get him any purchasing privileges however as he is reported to have paid the full ask of $34 million for the condo, which is located on the 80th floor and comes with two outdoor terraces.

Silverstein and his wife plan to move to the 6,200-square-foot condo sometime next summer, and will likely list their existing Park Avenue pad on the market at that time, according to the Wall Street Journal.

Since closings got underway at the condo building this past summer, 125 of the total 157 apartments have sold, and just last week news emerged that contracts had been signed for five apartments that ranged in price from $20 million to $26 million.

The skyscraper’s condos sit atop a Four Seasons Hotel that occupies the first 22 floors of the building. The hotel opened its doors in October this year.

• Larry Silverstein Plans Move to $34 Million Penthouse at 30 Park Place [WSJ]
• Is Downtown Manhattan leading the luxury condo resurgence? [Curbed]