If Larry Silverstein could go back in time, he’d keep all of his Manhattan holdings off the block.
“Every time I’ve sold anything – and I’ve only sold at very high prices – five years later, I’ve thrown my hands up and said, ‘I’ve done a dumb thing, ’” the developer said Wednesday, speaking at a Corcoran Sunshine event at the sales office for his latest condo project, 30 Park Place. “I always tell my kids, ‘When I’m no longer here, remember one thing: Don’t sell!’”
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The Silverstein Properties head, who’s been in the business for 60 years, said he’s seen cycles come and go, but at the end of the day, Manhattan real estate will stand the test of time.