New York Proposal Combines Gambling Venue and Residential Development
Let's Talk About The Avenir: A Casino Project with a Twist
New York's casino wars are heating up, and you better believe Silverstein Properties wants a piece of the action. This newbie player in the game has some serious plans for West Manhattan and it's not just about games of chance.
Enter the Avenir, a joint project with Greenwood Gaming and Entertainment, the folks behind Parx Casino. This project plans to shake things up by combining affordable housing and entertainment. Sounds too good to be true? Let's dive in to find out more!
Avenir: Where Entertainment Meets Affordable Living
Some may say the big casino brands might have a monopoly on New York, but not if Silverstein Properties has anything to say about it! This company has a history with the city, having spearheaded 549 affordable housing projects in West NY.
Now, they're stepping up their game with the Avenir. With Greenwood Gaming and Entertainment in tow, the project is shaping up to be a powerhouse.
The Avenir consists of two towers linked by a sky bridge, each with an impressive 46 stories. The towers will house 1,000 luxury hotel rooms, a performance hall, and a casino spanning 600,000 square feet of gaming space. Oh, and did we mention the 100 units of affordable housing? This project aims to cater to everyone.
But that's not all! The Avenir plans to include a restaurant complex, giving visitors a chance to unwind from the excitement of the casino. But before we can chow down on some delicious grub, there are a few hoops to jump through first.
The project is yet to receive approval and a license, but the folks behind the Avenir are keeping their fingers crossed that it will become the next big thing in West Manhattan.
Conclusion
Silverstein Properties is eager to join the fray for a NY casino license with the Avenir project. The project promises a refreshing blend of affordable housing and casino entertainment. But is it enough to secure a win? Only time will tell.
Stay tuned for more updates on the Avenir, the game-changing project that's ready to redefine the West Manhattan skyline!
Enrichment Data: The Avenir Unpacked
- Location: Situated at 11th Avenue and 41st Street, the complex will occupy a 92,000 square foot plot controlled by Silverstein Properties.
- Partnerships: Rush Street Gaming and Greenwood Gaming and Entertainment have joined forces to operate the casino and develop the project respectively.
- Economic Impact: The project is projected to create 4,000 union construction jobs, 5,000 permanent union positions, and contribute significantly to economic development, bringing billions of dollars to the state and city.
- Affordable Housing: The project plans to include 100 units of affordable housing.
- Sustainability: The development is expected to prioritize sustainable practices, incorporating energy-efficient systems and renewable materials.
- Status: The Avenir project is in the running for three downstate casino licenses in New York, with bids due by June 27. Silverstein Properties is emphasizing the project's community benefits, including job creation and affordable housing, to appeal to the New York State Gaming Commission. The project faces fewer logistical hurdles compared to other casino bids in the city, which could be an advantage in the licensing process.
The Avenir, a joint project by Silverstein Properties and Greenwood Gaming and Entertainment, aims to revolutionize the casino and gambling landscape by combining not only casino-games such as the 600,000 square feet gaming space, but also offering affordable living with its 100 units of affordable housing. The project's unique casino-culture is poised to shake up New York's casino-and-gambling scene, raising questions about whether it can secure a win in the race for a NY casino license.
