larry silverstein yacht cost

New York real estate billionaire's $40M mega yacht anchored off Sanibel Island

A New York real estate billionaire's sleek mega yacht, the Silver Shalis, was spotted cruising Fort Myers Beach and anchored off Sanibel Island over the holiday weekend.

Built in 2010 by Delta Marine from a ship design by Langan Associates and interior by design house Jonathan Quinn Barnett, the 175-foot, 846-ton craft is owned by real estate tycoon Larry Silverstein.

The vessel, which can sleep 12 guests in six cabins and has a crew of 14 housed in seven cabins, has an annual running cost between between $2 million and $4 million.

The luxury mega yacht, sailing under the flag of the Marshall Islands, is valued by specialty yachting web sites at a whopping $40 million.

A  yacht tracking website placed the Silver Shalis just off the Sanibel Causeway near the Sanibel Lighthouse   on the east end of the island on Monday and early Tuesday. The vessel has been cruising the Gulf of Mexico and the Atlantic, visiting Fort Lauderdale at one port of call.

Sometimes, when not pressed into service, boats such as the Silver Shalis are rented out for charters. Such excursions cost from $200,000 to $400,000, or more, a week, according to yachtcharterfleet.com.

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Silverstein, 90, CEO of Silverstein Properties in New York, has a net worth of $3 billion, also according to superyachtfan.com .

Dara McQuillan, media contact for Silverstein Properties, confirmed the yacht was the CEO's.

"He is visiting the southwest coast of Florida, and loves it there," she said. 

A lot has been written about Silverstein.

A 2017 article in the Baltimore Business Journal said his company bought the World Trade Center weeks before the 9/11 terrorist attacks destroyed the twin towers. The company rebuilt the complex that includes the Freedom Tower.

The company's most recent acquisition was a lower Manhattan apartment tower. Silverstein Properties purchased at 116 John St., a converted office tower in the Financial District, for $248 million, according to a company statement.

And on Jan. 10, Silverstein Capital Partners — Silverstein Properties’ real estate lending platform — closed on a $2 billion fund committed by its two existing and three new global institutional investors. 

About The Silver Shalis

• Powered by twin diesel engines, she comfortably cruises at 12 knots, reaches a maximum speed of 14 knots.
• Silver Shalis is built with a aluminum hull and composite superstructure, with teak decks.
• Capable of transoceanic crossings, with a maximum speed of 18.5 knots.
• Lightweight aluminum hull and composite superstructure seamlessly joined in a striking exterior design.
• Built to Lloyds Register Class, one of her head-turning features is a sleek hull of exquisite cerulean blue, the result of a multistep painting process and cast against an off-white superstructure with shimmering metallic silver details. 
• Inside décor complements the art collection on display throughout her many living and entertainment spaces. ]
• On the interior, her decks are served by a silent, glass-enclosed cylindrical elevator with an oil-rubbed bronze metal finish.
• A central staircase wraps around the elevator, featuring curved marble wall panels—a remarkable accomplishment, as all panels run vertically in a sequential vein-matched arrangement throughout the length of the stair tower.
• The upper deck features an indoor/outdoor dining option for ten via a distinctive curved glass door that opens a full 180 degrees.
• Among many features is an extensively outfitted gym on the sun deck with panoramic views of the outside and a lap pool. Source:  https://www.deltamarine.com/ , https://www.yachtcharterfleet.com/

Connect with breaking news reporter Michael Braun:  MichaelBraunNP (Facebook) ,  @MichaelBraunNP (Twitter) or [email protected]. 

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Silver Shalis Yacht: Your Insider Guide

The Silver Shalis yacht was built back in 2010 by US shipbuilders Delta Marine. The ship design was handled by Langan Associates and interior design was done by design house Jonathan Quinn Barnett. The yacht was built with an aluminum hull and composite superstructure as opposed to the somewhat more common aluminum superstructure and steel hull. It also features a teak deck.

One of the most notable features about the exterior of the Silver Shalis is that paint job, which is a vibrant cerulean blue. This was a custom job and required a multi step painting process to achieve. 

Who is the Silver Shalis Yacht Owner?

The Silver Shalis is owned by businessman and real estate mogul Larry Silverstein. Silverstein was the developed behind the rebuild of the World Trade Center in Manhattan and is estimated to have a net worth around $4 billion. 

How Big is the Yacht Silver Shalis?

The Silver Shalis is a large yacht , in the range of what many people would call a superyacht, with a length of 179’ 9”. Obviously this is not up in the range of the world’s biggest yachts like the Azzam which get over 500 feet, but it’s still a solid vessel.

The beam of the Silver Shalis measures 32’ 10” across and it also features a gross tonnage of 846 GT making it a fairly hefty vessel for its size as well considering that it’s made with lighter weight materials than many similar yachts. 

How Much Did the Silver Shalis Yacht Cost?

It’s not clear exactly how much Silverstein paid for the Silver Shalis when he purchased it back in 2010 but its current value has been estimated to be around $40 million, which is certainly impressive for a yacht of that age and indicates he likely spent more when it was new. This isn’t in the running for the most expensive yacht in the world by any means, but it’s definitely not cheap, either.

The annual cost to run the Silver Shalis has also been estimated at somewhere between $2 million and $4 million. 

Is the Silver Shalis Yacht Available for Charter?

The owner has not made the Silver Shalis available for charter so, as a result, it remains a private yacht with only limited info available regarding the interior and its amenities. 

How Fast is the Silver Shalis and What Engines Does It Use?

The Silver Shalis is definitely not a speed demon on the water. She has a cruising speed of 12 knots with a top speed of 14 knots. This comes from her twin diesel MTU (16V 4000) engines providing 3,650 HP.. It’s said that she has a range of somewhere around 3,000 nautical miles. 

What’s the Interior of the Silver Shalis Like?

There are many elegant touches on the interior of the Silver Shalis that make it seem like a work of art more than just a simple yacht. It’s clear the owner likes some high class refinement. For instance, the glass enclosed cylindrical elevator that travels silently between decks features accents in oil-rubbed bronze. This contrasts the shimmering metallic silver details you’ll find elsewhere throughout the yacht, including on the exterior.

Details of the yacht are actually very hard to come by as the owner is fairly private and few people have been on board that were willing to share details. For instance, there are almost no images publicly available of what the interior looks like although we have a few here to give you an idea of the appearance and overall esthetic of the yacht. What we do know comes from a handful of news articles that were published about the yacht over the years.

Features and Amenities

• There is an indoor/outdoor dining option for 10 with a distinctive curved-glass door that opens 180 degrees. 
• The boat’s sun deck has a gym that offers a panoramic view of the ocean
• The deck also features a lap pool for guests
• Silverstein has a curated art collection on display throughout the living and entertaining spaces of the yacht
• A central staircase wraps around the elevator featuring curved marble wall panels.
• The vessel has accommodations for 12 guests in 6 cabins including one master suite
• There’s also room for 14 crew in 7 cabins

Are There Water Toys on the Silver Shalis?

Like the other interior details, any word on water toys like jet skis and tenders is hard to come by when you’re looking at the Silver Shalis. One thing to remember, though, is that Larry Silverstein is over 90-years-old at this point. It’s quite unlikely that he’s spending a lot of time tearing up the seven seas water skiing or with seabobs these days, so the amount of toys are probably limited and only brought out when he’s entertaining guests and family. 

The Bottom Line

The Silver Shalis is owned by billionaire real estate developer Larry Silverstein. The yacht is believed to have a current value of around $40 million while the yearly operating costs are between $2 million and $4 million.  

The yacht has a cruising speed of about 12 knots and a top speed of 14 knots. It measures nearly 180 feet in length and it features a lightweight aluminum hull while the superstructure is composite to ensure a lightweight compared to similar yachts.

Very little is known about the interior of the yacht as the owner has never made it available for charter and there are no walk throughs available online either. That said, there are a handful of images and details which include the fact there are 6 suites with room for 12 guests and that the yacht can be navigated by a glass elevator. The upper deck features a dining area and that 180-degree glass door to offer great views as part of the striking exterior design.

My grandfather first took me fishing when I was too young to actually hold up a rod on my own. As an avid camper, hiker, and nature enthusiast I'm always looking for a new adventure.

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About those billionaire megayachts in Halifax Harbour this week...

Container ships, cruise ships, cargo carriers and more vessels bound for halifax the week of july 3-9, 2023..

By Martin Bauman

E ver wondered how much it costs to keep a superyacht seaworthy? For each year that New York multibillionaire and real estate developer Larry Silverstein keeps his US $40-million megayacht Silver Shalis running, complete with its lap pool, elevator and gym, it’s estimated to cost the former World Trade Center owner somewhere between US $2-4 million. That’s about five to 10 times as much as Halifax spends on arts every year .

Council’s proposed 55% cut to the arts is dead—but the sector still needs more : Arts orgs say they’ve been working with council “for the past decade” to make funding increases happen.

Silverstein’s 175-foot yacht was secured near the base of Salter Street on Halifax’s waterfront from Wednesday, June 28 until late Tuesday morning. Prior to that, the 90-year-old’s luxury vessel spent three days berthed in Lunenburg after an earlier four-day Halifax stint. And he’s not the only deep-pocketed visitor who came to see Halifax Harbour ensconced in fog—across the pier, the 135-foot Homecoming (worth an estimated US $7.9 million, according to United Yacht ) has been berthed since last Wednesday, too, and the $80-million Vive la Vie (owned by Swiss pharma multibillionaire Willy Michel) was docked outside of the Nova Scotia Power building from Saturday until early Tuesday. Respectively, the ships clock in as the 775th-largest, 1,979th-largest and 480th-largest yachts in the world.

The most mind-blowing part? Not one of the three is close to the largest motored yacht to have berthed in Halifax. Per Halifax Shipping News’ Peter Ziobrowski , that claim belongs to the 255-foot Sea Ranger , which was converted from a tug for oil platforms into a yacht with its own basketball court, helicopter pad and swimming pool that was once owned by Google executive chairman Eric Schmidt. That’s not to be outdone, either, by the 247-foot Bella Vita , formerly owned by Nova Scotia tuna tycoon John Risley. (As yachts owned by billionaires do, the ship has since changed hands—and switched names—to the Huntress, owned by a US diplomat who also once owned Major League Baseball’s Seattle Mariners .) Last week, Halifax also saw the world’s largest ketch-rigged sailboat, the 282-foot Aquijo , pay a two-day visit to the harbour. (Estimated value? $100 million.) That ship is owned by German billionaire Juergen Grossmann. 

Must be nice to have things, I guess. A pity all that wealth couldn’t be shared or used to save the planet . Anyway, on to other things—here’s what else is coming in and out of port the week of July 3-9, 2023:

Monday, July 3

Bon voyage to Canadian naval ships HMCS Summerside and Shawinigan . The two Kingston-class coastal defense vessels left Halifax Harbour on Monday as part of the ongoing Operation Reassurance NATO mission in central Europe, Canada’s largest current deployment of military assets across the globe. More than 1,100 Canadian Armed Forces members are currently deployed around the Baltic region between land, air and naval efforts. The roughly 90 members aboard the Summerside and Shawinigan will be taking part in “mine countermeasures” over the next four months, rear admiral Josee Kurtz tells CBC News . Both ships are equipped with mine detection and disposal tools.

The Atlantic Star container ship arrived at Fairview Cove Terminal just after 5:30am Monday morning. It wrapped an eight-day crossing from Liverpool, UK, and left later that evening for New York City. Meanwhile, the Eimskip-owned Lagarfoss container ship arrived around 7:30am from Reykjavik, Iceland. It sails next to Portland, Maine.

Two more ships rounded out a busy Monday on the harbour: The NYK Remus container ship and CSL Tacoma self-discharging bulk carrier arrived at around 4:30pm and 7:30pm, respectively, inbound from Saint John, NB, and Wilmington, North Carolina. The 293-metre-long Remus left Halifax early Tuesday morning for Southampton, UK. The Tacoma, meanwhile, was anchored in the Bedford Basin as of Tuesday morning. It’s scheduled to leave again for Wilmington on Friday.

Tuesday, July 4

One of Halifax’s biggest ship arrivals of the week chugged into port at the South End Container Terminal early Tuesday morning: The 364-metre ONE Swan finished a whopping 22-day crossing from Colombo, Sri Lanka, via Egypt’s Suez Canal. With a summer deadweight of 138,907 tonnes, the ship ranks among the heaviest haulers for the first week of July. It’s scheduled to leave Halifax for New York City on Tuesday evening.

At about half the size, the 65,867-tonne NYK Daedalus arrived early Tuesday morning from Cartagena, Colombia. It’s berthed at the Fairview Cove Terminal and sails onward to Southampton, UK early Tuesday afternoon.

Finally, the Morning Capo vehicle carrier arrived at Eastern Passage’s Autoport around 7:30am. It finished a nine-day crossing from Zeebrugge, Belgium. The ship is set to leave for New York City later Tuesday afternoon.

Wednesday, July 5

New York never sleeps, and neither does the Energy Artemis . The 182-metre-long oil/chemical tanker is set to arrive in Halifax around 4am after leaving the Big Apple early Monday morning. The 182-metre ship was built in Korea in 2022 by K. Shipbuilding Co. It’s set to dock at the Imperial Oil Terminal.

Konnichi wa to the ZIM Yokohama container ship, set to arrive early Wednesday morning from Spain. It left the coastal city of Valencia on June 28 after earlier stops in Barcelona; Genova, Italy; and Piraeus, Greece. After Halifax, it’s bound for New York City. (Not a bad summer vacation itinerary.)

At about the same hour the Yokohama is slated to arrive, the Oceanex Sanderling ro-ro/cargo carrier is scheduled for its weekly trip from St. John’s, NL. It’s projected to berth at the South End Container Terminal.

Thursday, July 6

The first week of every summer when I was a kid, my Oma and Opa would rent our family a small cottage on a lake. It was part of a bigger camp/resort complex, which meant there were certain amenities that mattered a lot if you were a kid: A wooden playground, an outdoor basketball court, shuffleboard courts that seemed to always be in direct sunlight and a swim-out dock where you could cannonball and dream about backflipping like the bigger kids, if only you had the guts to try it. The main attraction, though, was the tuck shop. It was loaded with penny candies and other sweets you could buy for a nickel. I must’ve gone every day. Sometimes, twice a day.

That’s a little how it feels, now, with the 1,430-passenger Zaandam cruise ship making its 11th Halifax stop of the season this Thursday. I like to imagine the captain at the helm, turning hard for Halifax Harbour week after week—even if the stop wasn’t scheduled—just for another scoop of Dee Dee’s ice cream or to hear the noon cannon one more time.

'What time does the noon cannon go off?' and more hilarious tourist questions : Locals share their most amusing interactions with visitors

Elsewhere, the Augusta Luna general cargo ship and Nolhan Ava ro-ro/cargo carrier are set to arrive at 5:30am and around 8pm, respectively, from Moa, Cuba, and St. Pierre and Miquelon.

Friday, July 7

The Wallenius Wilhelmsen-operated Manon vehicle carrier is marked for a 5:30am arrival from Zeebrugge, Belgium. The ship can carry up to 7,194 cars ( based on the size of a 1966 Toyota Corona ). It’s set to dock at Eastern Passage’s Autoport.

The 294-metre-long MSC Pratiti container ship is expected to arrive around 4pm on Friday. It’s en route from Sines, Portugal, after earlier stops in Salerno, Naples and Gioia Tauro, Italy. (I would say this qualifies as a decent summer vacation, too, but a pickpocket once nicked my phone in Naples. And while we’re settling scores, the Neapolitans don’t put enough toppings on their pizza, either.)

Last, but not least, the Atlantic Sail container ship is expected to reach the Fairview Cove Terminal around 6pm. It’s currently travelling from Baltimore, Maryland, to Norfolk, Virginia.

Saturday, July 8

Behold, the biggest ship to arrive in Halifax this week: The 366-metre CMA CGM Magellan container ship is set to arrive at the South End Container Terminal around 4am Saturday. It’s in the midst of a weeklong crossing from Tanger Med, Morocco.

On its heels are the ONE Crane and MSC Esthi container ships, inbound from Norfolk and Baltimore, respectively. The former is expected at the South End Container Terminal around 5pm, while the latter is slated for an 8pm arrival. (Speaking of massive fortunes, the Aponte family, who own Mediterranean Shipping Company, saw their net worth climb by $46 billion in just this past year, thanks to an ongoing shipping boom.)

Sunday, July 9

The last day of the week brings some of the last letters of the alphabet into play, with the arrivals of the Warnow Master container ship and Viking Neptune cruise ship. The 180-metre container ship has been plying a regular route between Halifax, New York and Kingston, Jamaica, in recent months; it last left Halifax on June 26.

The 930-passenger Viking Neptune, meanwhile, is currently in Quebec City after stops in Montreal and Saguenay. It returns via the Gaspé Peninsula and will carry onward to Boston and New York after its Halifax stop.

About The Author

Martin Bauman

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Developer of Rebuilt World Trade Center’s Yacht in Bar Harbor- Silver Shalis [PHOTOS]

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There's a new super yacht in Bar Harbor, on Monday, August 9th, the Silver Shalis, which is owned by Larry Silverstein, who is the developer of the rebuilt World Trade Center in New York.

The super yacht can accommodate 12 passengers with a crew of 14

According to the Baltimore Business Journal the upper deck features an indoor/outdoor dining option for 10 with a curved-glass door that opens 180 degrees. The boat's sun deck has a gym and a lap pool.

The Silver Shalis was built in 2010 at a cost of $40 million

Silverstein is 90 years old

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Snapshot: ‘Silver Shalis’ docks at Rockland Harbor with a splash of Cerulean blue

ROCKLAND — Photographer David Life (instagram @journalimages) was visiting Rockland Harbor July 18 and captured images of the  Silver Shalis, an 846-ton yacht that was tied up at the dock, dwarfing the smaller sailboats and pleasure craft in size and with a vibrant blue hull.

The Silver Shalis, built in 2010 by the Seattle yacht builder Delta Marine, is home-ported in the Marshall Islands.

The builder said in the yacht’s description: “....This seaworthy semi-displacement yacht boasts an impressive 55-meter high-performance hull capable of transoceanic crossings, with a maximum speed of 18.5 knots. Her lightweight aluminum hull and composite superstructure are seamlessly joined in a striking exterior design. Built to Lloyd’s Class, one of her head-turning features is a sleek hull of exquisite cerulean blue, the result of a rigorous multistep painting process and brilliantly cast against an off-white superstructure with shimmering metallic silver details. Silver Shalis was the final exterior styling project of renowned yacht designer Bill Langan.”

The interior contains: “a silent, glass-enclosed cylindrical elevator with an oil-rubbed bronze metal finish. A central staircase wraps around the elevator, featuring curved marble wall panels,” while the upper deck has a gym and lap pool.

Measuring 180 feet in length, the yacht draws 7.7 feet.

The yacht’s owner, according to media reports, has been  Larry Silverstein , a New York City developer and CEO of Silverstein Properties, which bought the World Trade Center twin towers before Sept. 11, 2001 and then constructed the property.

Reach Editorial Director Lynda Clancy at [email protected] ; 207-706-6657

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