Silverstein Properties announced that it will partner with Metro Loft Developers on more than 2,000 apartments through conversions as part of its Avenir mixed-use project on Manhattan’s Far West Side, should The Avenir bid be awarded a casino license by New York State.
The partnership is currently evaluating potential conversion sites and will prioritize projects on the West Side, where Community Board 4 and the area’s local elected officials have identified mixed-income housing production as a priority.
“We are grateful to our local elected officials and Community Board leaders for prioritizing neighborhood housing in this process,” said Tal Kerret, president of Silverstein Properties. “Amid a citywide housing shortage, these conversions will create new homes for over 2,000 families.”
Over the past 30 years, Metro Loft has pioneered residential conversions in Manhattan. Silverstein Properties recently partnered with Metro Loft to convert 55 Broad St., a former Goldman Sachs headquarters, to 571 apartments.
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