Avenir

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Silverstein Properties, a national real estate investment, development, and management firm, and gaming partners, Greenwood Gaming, owner of Parx Casino in Philadelphia, have together joined the race for one of three licenses permitting Las Vegas-style gambling with table games; the permits were authorized last year for downstate New York, covering the five boroughs, Long Island and Westchester County. Silverstein and Greenwood have announced plans to develop the "Avenir," a gaming, hotel, entertainment and residential property on the far west side of Manhattan in NYC.

The 1.8 million square foot project will reportedly be located on 92,000 square feet of undeveloped land at 41st Street and 11th Avenue, just north of the Jacob K. Javits Convention Center. The Avenir will comprise two 46-story towers connected by a public sky bridge and include 1,000 luxury hotel rooms; an eight-story, 600,000 square foot gaming, entertainment, and restaurant complex at its base; more than 100 units of 100 percent, permanently affordable housing; and a 1,000-seat performance hall on its top floor.

The two firms plan to submit a proposal to the State’s Gaming Facility Location Board for official consideration through the State’s Request for Applications (RFA) process. The Avenir will be union-built and union staffed. The project is expected to create 4,000 union construction jobs, and more than 5,500 permanent union jobs upon completion.

The authorization in 2022 came nearly a decade after voters approved the legalization of casinos in a state referendum, which paved the way for seven casinos in New York state. Four licenses have already been awarded to upstate operators - del Lago Resort & Casino in Seneca County, Resorts World Catskills in Sullivan County, Tioga Downs & Casino in Tioga County and Rivers Casino & Resort Schenectady in Schenectady County. 

The three downstate licenses will likely be awarded "later in 2023 at the earliest," according to state gambling regulators who are responsible for overseeing the process. 

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