NEW YORK—Silverstein Properties, Inc., marked the topping out of 30 Park Place, Four Seasons Private Residences New York Downtown at 926 feet and 82 stories, making it the tallest residential building downtown, according to the developer.

The 157 residences start on the fortieth floor above the 189-room Four Seasons Hotel New York Downtown, which is slated to open in 2016.

“This historic milestone comes just as downtown is completing its incredible transformation into the world’s most vibrant, integrated, mixed-use destination on a scale not seen in New York City since Rockefeller Center opened in 1939,” stated Larry Silverstein, chairman of Silverstein Properties, Inc. “Next year, when it opens, this will be the top hotel and condominium building in Tribeca.”

Located at Church St. and Park Place, 30 Park Place brings the first Four Seasons Hotel and Private Residences to the neighborhood. Robert A.M. Stern Architects designed the exterior and interiors with SLCE serving as the architect of record.

The array of one- to six-bedroom residences features oversize bay windows, high ceilings and a selection of finishes featuring solid white oak floors, white oak framed kitchen cabinetry and marble baths with custom-designed vanities. Eleven unique half- and full-floor penthouses top the building, each including fireplaces and outdoor space.

Financing for the $1 billion hotel and residency development was provided by a hedge fund, according to the company, and Cumming, an international program and cost-management firm, is providing ongoing project-monitoring services on behalf of the lender.

Construction is being overseen by general contractor Tishman Construction.

“All of us at Silverstein Properties are proud to play a role in creating what will soon be one of the most impactful and iconic buildings in New York,” said Marty Burger, co-chief executive officer of Silverstein Properties.