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Durst Organization Reaches 100% Lease-Up at SVEN in Long Island City
The Durst Organization said its SVEN rental apartment property in Long Island City, the second tallest tower in Queens, has completed a rapid lease-up barely a year after opening. One hundred percent of the market rate apartments at the 70-story SVEN have now been leased.
The lease-up was achieved without any rental concessions, bucking a standard industry practice when opening new residential buildings to secure initial resident, according to The Durst Organization. The owner-developer said SVEN has built a strong base of long-term residents that will contribute to its stability and success.
“SVEN has been recognized for its creative design, modern amenities and unparalleled commitment to sustainability,” said Jody Durst, president of The Durst Organization. “SVEN is the most advanced residential building that The Durst Organization has ever built, and we are proud to be the world’s first LEED v4 Platinum multi-family building with this elite tier of certification.”
- ◦Lease
- ◦Development

