“These include a housing crisis, public safety challenges, budget shortfalls, and a commercial real estate market in transition.

Silverstein, chairman of Silverstein Properties. “Our city and state face a confluence of historic challenges right now,” said Larry A. Vehicles will access the property through a porte-cochere tucked along West 41st Street adorned with chandeliers and surrounded by oversized artwork lining the sidewalks. A soaring glass atrium sits atop the podium between the towers, supported by a framework of broad arches that illuminate at nighttime. In addition to hosting concerts, this space will be made available to local community and school groups. The most prominent design feature is a 630-foot-high sky bridge connecting the towers’ 45th floors, where the performance hall will be housed. The renderings show the towers clad largely in glass with gold-hued vertical fins that run from the multi-story podium up to their parapets. The plot has sat vacant for the last eight years, and the development team expects the project to be shovel ready upon approval. The property, owned by Silverstein since 1984 and alternatively addressed as 520 West 41st Street, spans a full block between West 40th and West 41st Streets and Eleventh and Galvin Avenues, just north of the Jacob K.

The project aims to create 4,000 union construction jobs, over 5,500 permanent union jobs, and billions of dollars in economic development for the state and city. Designed by Steelman Partners and CetraRuddy, the 46-story two-tower complex will yield 1,000 guests rooms, more than 100 affordable housing units reserved for New Yorkers, 12 full-service restaurants, an elevated 1,000-seat performance hall, and an eight-story, 600,000-square-foot podium. A new set of renderings has been revealed for The Avenir, Silverstein Properties and Parx Casino’s bid for a 1.8-million-square-foot hotel, gaming, entertainment, and residential complex at 514 Eleventh Avenue in Midtown, Manhattan.

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