A major New York City real estate company is rolling the dice with plans announced Friday to build a 46-story, two-tower development on the west side of Manhattan featuring a casino, hotel, and residential complex.
The development, called The Avenir, is slated to be a 1.8 million square foot project located just north of the Javits Center.
Silverstein Properties, a real estate developer and investment firm, said that the development would go up on vacant land at 41st Street and 11th Avenue near Hudson Yards and will include 1,000 luxury hotel rooms, 100 permanently affordable apartments, a 1,000 seat-performance hall and a casino.
The project will include a sky bridge at the top that will connect the two towers. The Avenir will also feature no less than 12 full-service restaurants, along with a food hall showcasing local restaurants.
The developer, with partner Greenwood Gaming and Entertainment, is the 11th company to put forward a casino proposal for one of three available casino licenses that are up for grabs in the New York metro area. Greenwood Gaming and Entertainment is the owner and operator of Parx Casino in Pennsylvania, a casino that opened in January.
Eric Hausler, CEO of Greenwood Gaming and Entertainment, said in a statement that he looks forward to working with the community leaders of Hell’s Kitchen and Hudson Yards—as well as Silverstein Properties—to create a development that will serve both neighborhoods.
“We are excited to join with Silverstein Properties to create a gaming, leisure, and entertainment destination that will reflect the unique character and spirit of New York City, and attract visitors from all over the globe,” Hausler said.
Silverstein and Greenwood Gaming and Entertainment will submit a proposal to the state’s Gaming Facility Location Board for official consideration through the state’s Request for Applications process.
Silverstein Properties said the development will create 4,000 union construction…
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