Silverstein Properties Director Of Development To Leave Firm
Silverstein Properties Director of Development Brian Collins is stepping down from the firm.
Collins, who also held the title of executive vice president, spent four years at Silverstein, helping the family-owned firm launch projects in new cities and pursue large-scale developments like the $2B Innovation QNS project in Astoria.
The longtime New York real estate executive is moving to Florida, where he will “explore new challenges,” the company said in a LinkedIn post announcing his departure.
“We will miss him but are grateful that as a result of his and the development team’s work, we are well-positioned for the future,” Silverstein Properties said on LinkedIn.
A company spokesperson told Bisnow Collins' departure was because "he wanted to spend more time with his family and more time in Florida."
Collins doesn't have a planned final day at the firm, but plans to stay on to oversee his role’s transition, the spokesperson said. Silverstein started its search for Collins’ replacement directly after he gave his notice last week.
“It's been a fun, interesting and fulfilling time at Silverstein,” Collins wrote on LinkedIn. “Looking forward to new challenges and adventures.”
Collins joined Silverstein in January 2019 in a role focused on leading the company’s new developments in Manhattan and NYC’s other boroughs.
During his time with Silverstein, Collins led a team that deployed more than $10B into development projects ranging from multifamily to life sciences largely in NYC, the company said in its public statement on LinkedIn.
Collins previously spent eight years in charge of acquisitions and development at Fisher Brothers, where he worked on Manhattan condominium projects including the 64-story 111 Murray St. apartment tower.
Silverstein’s focus in NYC is shifting toward converting office buildings to residential real estate. The company is raising a $1.5B fund to acquire obsolete buildings, and it has partnered with conversion specialist Metro Loft Management on both the fund and an initial project: the conversion of 55 Broad St., a former Goldman Sachs office the pair bought for $180M last year.
Silverstein has also recently made moves into Florida. The company acquired its first Tampa Bay property — an empty lot where it plans to build a 35-story mixed-use tower with apartments and retail — in May, Tampa Magazine reported.
