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In July 2001, Mr. Silverstein completed the largest real estate transaction in New York history when he signed a 99-year lease on the 10.6 million-square-foot World Trade Center for $3.25 billion, only to see it destroyed in terrorist attacks six weeks later on September 11, 2001. A settlement was reached in 2007, with insurers agreeing to pay out $4.55 billion, which was not as much as Silverstein had sought for. World Trade Center lessor Larry Silverstein regularly held breakfast meetings in Windows on the World with tenants, as part of his recent acquisition of the Twin Towers from the Port Authority, and was scheduled to be in the restaurant on the morning of the attacks. However, on the morning of September 11, 2001, his wife insisted he attend a medical appointment, inadvertently saving him from certain death. All of the buildings at the World Trade Center were either destroyed or damaged beyond repair on September 11, 2001.
