The Durst Organization Sets its Sights Outside of New York City

Abstract

There's much more to the Durst family than the infamous Robert Durst, who quit the family business in 1992 after Seymour picked Douglas, the current chairman, to run the company. The Durst Organization's most significant project in recent memory is One World Trade Center, which it developed along with the Port Authority of New York and New Jersey. The Durst Organization has always had a laser-like focus on New York City real estate, and with each generation, the family business grows. A foray into Philly Because of the Dursts' focus on New York City real estate, a recent development project outside of the Big Apple has raised some eyebrows. The Durst Organization's vision for Penn's Landing is good news for Philly, a project to re-imagine the waterfront area along the Delaware River that separates the city from New Jersey. What's more intriguing is that the Durst family has stepped outside the confines of New York City to undertake a significant project in another metro area, albeit one very close to home for them. The Durst real estate empire had the humblest of beginnings and has survived and thrived for more than a century in the rough and tumble world of New York City real estate, which is no small feat.