Silverstein Properties has launched a new initiative tailored to smaller firms with big ambitions.
President and CEO Larry A. Silverstein just announced the launch of Silver Suites Offices at 7 World Trade Center, a new executive office space and service business renting spaces from $1,500 to $15,000 a month.
Silver Suites will provide flexible, white-glove turnkey office solutions for growing companies of all sizes, beginning with 30,000 pre-built square feet on the 46th floor of the 52-story tower.
"I am delighted to launch this new business at 7 WTC that offers companies not just great office space but a path for growth," said Silverstein.
Silver Suites will be overseen by Tal Kerret, senior vice president, Silverstein Properties, and will be managed by Tracey Boyle, general manager, Silver Suites.
"The vision behind Silver Suites was to provide incredible space and service in a great building to growing companies who would not normally have an opportunity to move here," said Kerret.
"We will also act as a facilitator between these companies and industry leaders to assist them as they move to the next phase of their business."
Silver Suites' first tenants include Syntactx, a healthcare company that specializes in medical device trials that is taking three offices; and Tanexis Productions, an entertainment company that is taking two offices. Marketing of the space is being handled by Mathieu Schepard.
"Moving Syntactx to Silver Suites at 7 World Trade Center from our office in Midtown was an easy decision," said David Ouriel, vice president of operations.
"I want to be a part of the revitalization of Lower Manhattan. The combination of quality of the building, the new space and the spectacular views are not possible to get anywhere else in the city."
Mike Marcucci, president of Tanexis Productions said: "7 World Trade Center is one of the best buildings in New York and I'm thrilled to have the opportunity to occupy such incredible space here. It's exciting to look out the window and follow progress on the greatest urban renewal project in New York City history."
Silver Suites features 60 fully-equipped offices with amenities including conference rooms, a business lounge, Skype lounge, copy center and a break room all with views of the Manhattan skyline. The offices range from 100 to 1,000 s/f. The largest offices interconnect to create more space. Client agreements range from six months to a year, though if clients have a specific project for a shorter period of time, they can be accommodated if availability permits.
The company also provides its clients with an opportunity to meet with potential investors, leaders in finance and law on a quarterly basis to help guide them in their growth process.
"We have received an extraordinary degree of interest in the space even before it opened, and expect to be fully occupied by the end of 2013," said Tracey Boyle, general manager, Silver Suites.
Silver Suites Offices at 7 Word Trade Center was designed by TPG Architecture under the guidance of Lisa Silverstein, senior vice president, Silverstein Properties Inc. TPG has designed three other floors at 7 WTC: Mansueto Ventures on the 29th floor, Porter Novelli on the 36th floor and the World Trade Center Marketing Center on the 10th floor.
Michel Fiechter, the partner-in-charge of the project for TPG, said, "We understood from the Silversteins that this space should reflect the highest standard of interior finishes and design in the short-term leasing market. We designed it for maximum flexibility so that a range of tenants can have their business needs met and work in an atmosphere of permanence and stability.
It's an unusual project in that it's a new work concept that we designed in a transitional vocabulary, neither boldly new nor stuffy and traditional; it is more balanced to meet everyone's needs."
7 World Trade Center opened in 2006 as the first office tower to be rebuilt at the World Trade Center. The building contains 42 office floors above a ten-story base and was New York City's first office building to be certified by the U.S. Green Building Council's Leadership in Energy & Environmental Design (LEED) rating system - achieving the gold standard in March 2006.
The vision behind Silver Suites was to provide incredible space and service in a great building to growing companies who would not normally have an opportunity to move there.
The building's environmental design features include state-of-the-art ultra-clear exterior glass technology, high-efficiency air filtration, energy and water conservation technologies and 15,000 square feet of open park space.
7 WTC's 1.7 million square feet of space is essentially full leased. The three biggest tenants are Moody's (670,00 s/f), WilmerHale (210,000 s/f) and BMI (140,000 s/f).