Real estate development, investment and management firm Silverstein Properties has linked up with Rush Street Gaming and Greenwood Gaming and Entertainment on a joint bid to open a new land-based casino in New York.
Named The Avenir, the proposed, multi-purpose facility would open in Manhattan’s Far West Side. The location covers an area of 92,000 square feet of undeveloped land near the Jacob K. Javits Convention Center.
Confirming the project on its Facebook page, Silverstein said The Avenir would generate more than 5,000 permanent union jobs. It would also allow for 4,000 union construction jobs.
Further details on the proposed venue were not revealed. However, Silverstein did say the development would generate “billions of dollars” in direct and indirect economic activity for New York.
Led by billionaire businessman Larry Silverstein, the developer already counts several high-profile properties within its New York portfolio. These include the World Trade Center complex in Lower Manhattan.
Silverstein Pledges ‘Home-Grown’ Entertainment Complex
In a prepared statement, Silverstein CEO Lisa Silverstein said she was excited by the prospect of opening a New York casino in collaboration with Rush Street Gaming and Greenwood.
“Each of our organizations is family-owned, multi-generational, and deeply committed to the neighborhoods in which we work and live,” Silverstein said. “Our company has been part of the West Side for over 40 years.
“We look forward to continuing to work together on a project that will bring much-needed jobs, tax revenue, economic development, and affordable housing to the City and State.”
However, Silverstein and its partners face fierce competition to open a new casino. Three land-based casino licenses are up for grabs in New York, with the deadline for bids set at June 27.
Among those also vying for one of the licenses are Related Companies/Wynn Resorts, which have revealed plans for a complex in Hudson Yards. Proposals are also out for new casinos in Times Square, Queens by Citi Field, The Bronx and Coney Island.
