TRIBECA — Developer Larry Silverstein has finally secured funding for his long-planned $950 million luxury high-rise in TriBeCa, his company, Silverstein Properties, announced Wednesday.
The 82-story tower, which will house a Four Seasons Hotel and pricey condos, is slated to break ground at 30 Park Place this fall, the company said.
Construction will last about three years on the 926-foot skyscraper, with its opening planned for 2016, according to the real estate giant.
Silverstein, the World Trade Center’s developer, first announced plans for the upscale property in 2008, but the project, then known by its 99 Church St. address, stalled after the financial crash.
The site has since remained a massive construction pit, surrounded by a popular, Downtown Alliance-funded mural depicting 99 pedestrian "Walk" signals from around the world.
According to the company, the property, set to include 185 rooms for the hotel, as well as 157 private residences, will also include a public plaza.
