Larry Silverstein just pushed a big pile of chips into the middle of the table at NYC's biggest poker game: the bidding for one of three casino licenses that will be awarded in the metro area later this year.
Silverstein Properties, owner of the World Trade Center, has entered a bid to build a 1.8M SF casino-hotel complex—to be known as The Avenir—on a vacant lot at 41st Street and 11th Avenue, a site within walking distance of the Javits Center and a couple of blocks from the entrance to the Lincoln Tunnel.
As with all of the other real estate titans who have entered the competition for NYC's first full-scale gambling palaces, Silverstein is partnering with a well-known gaming giant: Greenwood Gaming and Entertainment, which owns Parx Casino in Bensalem, PA, the highest-grossing casino in Pennsylvania.
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