Silverstein Properties and Parx Casino Reveal The Avenir at 514 Eleventh Avenue in Midtown, Manhattan

A new set of renderings has been revealed for The Avenir, Silverstein Properties and Parx Casino’s bid for a 1.8-million-square-foot hotel, gaming, entertainment, and residential complex at 514 Eleventh Avenue in Midtown, Manhattan. Designed by Steelman Partners and CetraRuddy, the 46-story two-tower complex will yield 1,000 guests rooms, more than 100 affordable housing units reserved for New Yorkers, 12 full-service restaurants, an elevated 1,000-seat performance hall, and an eight-story, 600,000-square-foot podium. The project aims to create 4,000 union construction jobs, over 5,500 permanent union jobs, and billions of dollars in economic development for the state and city. The property, owned by Silverstein since 1984 and alternatively addressed as 520 West 41st Street, spans a full block between West 40th and West 41st Streets and Eleventh and Galvin Avenues, just north of the Jacob K. Javits Center. The plot has sat vacant for the last eight years, and the development team expects the project to be shovel ready upon approval.

Read More


Housing Lottery Launches for 341 Units at 250 Euclid Avenue in East New York, Brooklyn

The affordable housing lottery has launched for Atlantic Chestnut Phase 1, a 14-story mixed-use building at 250 Euclid Avenue in East New York, Brooklyn. Designed by Dattner Architects and developed by Phipps Houses, the three-structure complex will yield 1,200 residences when complete. Available on NYC Housing Connect are 341 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $16,938 to $140,080.

Read More


Inaugural Season Announced For Perelman Performing Arts Center in Financial District, Manhattan

Finishing touches are underway on the Perelman Performing Arts Center, a 138-foot-tall cubic structure in the 16-acre World Trade Center site in the Financial District. Designed by REX with Davis Brody Bond Architects as the executive architect and developed by The Perelman, the property will feature three performance spaces: the 450-seat John E. Zuccotti Theater, the 250-seat Mike Nichols Theater, and the 99-seat Doris Duke Foundation Theater. The halls can also be combined into a single 950-seat auditorium. The property is bound by Vesey Street to the north, Fulton Street to the south, Greenwich Street to the east, and Skidmore Owings & Merrill‘s One World Trade Center to the west.

Read More