Moody's Corporation
Larry Silverstein's Silverstein Properties, developer of the nearby World Trade Center, purchased the property at 99 Church Street for $170 million from Moody's Corporation in November 2006. At the time, the site was occupied by an 11-story, office building built in 1951 that served as Moody's headquarters. However, Moody's had recently agreed to move to Silverstein's 7 World Trade Center which would leave the Church Street building vacant in 2007. At the time, the developer and CalSTRS planned to tear down the offices and replace it with a 58-story residential tower.