Douglas Durst

Durst's paternal grandfather, Joseph Durst, a penniless immigrant tailor from Austria Hungary, eventually became a very successful real estate manager and developer founding The Durst Organization in 1915.

Douglas Durst (born December 19, 1944) is an American real estate investor and developer.

Durst was born in New York City in 1944 to a Jewish family, the son of Bernice (née Herstein) and Seymour Durst.

He is the younger brother of the late Robert Durst.

The 55 story, 2.1 million square foot building located on the corner of Sixth Avenue and 42nd Street was designed by Cookfox Architects.

Douglas graduated from the Fieldston School in 1962 and the University of California at Berkeley in 1966.

He attended New York University's Urban Studies program for two years and then joined the family business then run by his father and two uncles, Roy and David.

In 1967, he married Susanne Durst, a Danish national whom he met in Denmark after college.

They have three children:

Douglas Durst suffered a severe leg injury in 1972 when a coal-fired water heater exploded in a Newfoundland house where he was then living with his wife and young family.

His father, Seymour, became head of the family business in 1974 upon Joseph's death.

Douglas's mother died when he was a child, in a fall from the roof of the family's three-story house; the exact circumstances were never clarified.

In 1987, Durst purchased a piece of land from Ray McEnroe, the owner of an organic farm in Dutchess County, New York, some 100 miles north of Manhattan.

He purchased the land to dispose of his horses' manure in an environmentally friendly way.

Durst later partnered with McEnroe, and now the farm is 500 acres, and among the top 25% of organic farms in the United States.

He has been the president of The Durst Organization since 1992.

Douglas took over the Durst Organization in 1992 upon his father's retirement.

He presided over the development of several major buildings in New York City:

Durst is a director of the Real Estate Board of New York.

Durst is known for emphasizing density and sustainability in his projects.

In the early 2000s, architect Bjarke Ingels met Durst when he was in Copenhagen with his wife, Susanne, a native of Denmark.

In June 2009, a group of banks provided Bank of America and Durst Organization $1.28 billion to refinance the building.

Bank of America provided half of the loan.

The other parts came from New York Mellon Corp., Wells Fargo, Westdeutsche Immobilien Bank, and Helaba Bank.

In 2010, the Durst Organization bid on and won the right to invest $100 million in the One World Trade Center development becoming a co-developer with the Port Authority of New York and New Jersey.

The contract negotiated between the Port Authority and the Durst Organization specifies that the Durst Organization will receive a $15 million fee and a percentage of "base building changes that result in net economic benefit to the project."

The specifics of the signed contract give Durst 75 percent of savings up to $24 million and stepping down thereafter (to 50 percent, 25 percent and 15 percent) as the savings increased.

Durst had offered to work for a fixed $35 million fee, but the Port chose the incentive fee arrangement.

Significant changes to the building have been made since his joining of the project.

In May 2010, Douglas Durst, former Vice President Al Gore, and New York Mayor Michael Bloomberg officially opened the Bank of America Tower.

It was the first high-rise commercial tower to receive LEED platinum rating in the United States.

He visited Ingels' studio in February 2010.

In spring 2010, Durst Fetner Residential commissioned Bjarke Ingels Group (BIG) to bring a new residential typology to Manhattan.

In 2011, BIG opened an office in New York to supervise VIA's development and construction.

Located on 14th Street and 5th Avenue in Manhattan, the New School university center was designed by Skidmore, Owings & Merrill and developed by The Durst Organization.

The building is designed to LEED Gold standards.

Completed in 2016, VIA 57 West is a 709-unit, four sided, pyramid shaped tower of apartments on West Fifty-seventh Street.

Durst is a director of The New School, The Trust for Public Land, Project for Public Spaces, and the Roundabout Theatre Company.

He is a trustee of the Old York Foundation, which was established by his father, to help educate people about the history and ongoing problems of New York City.

Durst is also a prominent environmentalist and operates one of the largest organic farms in New York State.