Durst teams with Philly’s The Badger Group on Penn’s Landing redevelopment
The Durst Organization has selected the Badger Group, a Black-owned Philadelphia development firm, to join its planned redevelopment of Penn’s Landing on the Delaware River waterfront into a district of residential towers, shops, and offices Badger, led by president and chief executive Paul Badger, will participate in the management of construction activities, selection and supervision of contractors and subcontractors, and community engagement, Durst said in a statement ahead of the partnership’s planned announcement on Tuesday. Under the deal, Badger will also be given the opportunity to acquire a 20% stake in the project, Durst said. It did not disclose what…
Date 2022-01-26
Author Jacob Adelman
Housing Lottery Launches For 288 Units At Sven In Long Island City, Queens
The affordable housing lottery has launched for Sven, a 67-story mixed-use residential building at 2959 Northern Boulevard in Handel Architects and developed by The Durst Organization, the structure yields 958 residences. Available on NYC Housing Connect are 288 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,229 to $192,400 Residents will have access to a wide range of amenities including an outdoor swimming pool, a 20,000-square-foot fitness center with a yoga and dance studio, demonstration kitchen, a library, party room, media room, co-working areas, a children’s playroom, shared laundry room, laundry…
Date 2022-01-19
Author Vanessa Londono
Lottery opens for 288 apartments at 71-story rental in Long Island City, from $2,132/month
Late last year, leasing launched at Sven, a 71-story rental in Long Island City and the second tallest building in Queens. This week, an affordable housing lottery for 288 middle-income apartments opened at the residential skyscraper located at 2959 Northern Boulevard. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, which range in price from $2,132/month one-bedrooms to $3,843/month three-bedrooms Developed by the Durst Organization and designed by Handel Architects, Sven was originally expected to become Queens’ tallest building when the project was announced, but nearby Skyline Tower took that title in 2019.…
Date 2022-01-19
Author Devin Gannon
Lottery Opens for 288 Units in 71-Story Building Near Queens Plaza, Studios Start at $2,189
The NYC Housing Preservation & Development has launched a lottery for 288 income-restricted units in a 71-story luxury building in the Queens Plaza section of Long Island City The development, called Sven, is located adjacent to the historic Clock Tower at 29-59 Northern Blvd., and features income-restricted units that range in price from $2,189 for a studio to $3,843 for a three-bedroom unit. All of the income-restricted units are for prospective tenants who earn up to 130 percent of the area median income. For instance, the most inexpensive studio—at $2,189 per month—is for individuals who make up to $75,052. Meanwhile,…
Date 2022-01-19
Author Christian Murray
One World Trade Adds 11th Broadcaster to Tenant Roster
WMBC-TV has signed a 10-year lease to relocate from Montclair, NJ to One World Trade Center. The independent station will join 10 other New York City-area stations already broadcasting full-time from the Lower Manhattan landmark “We are thrilled to have WMBC broadcast from One World Trade Center,” said Jonathan (Jody) Durst, president of The Durst Organization, which markets and leases the tower on behalf of the Port Authority of New York and New Jersey. “OWTC is the zenith of broadcasting for the tri-state area, and we look forward to adding another station to its dial in 2022.” SVP of business…
Date 2022-01-14
Author Paul Bubny