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Silverstein Will Partner with Metro Loft for 2,000 Apartments as Part of Casino Bid

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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Silverstein Properties' Kerret

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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