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Deals & Dealmakers

The Durst Organization’s SVEN, 70-Story Residential Tower in Queens, Completes Lease-Up Just One Year After Opening

This week, The Durst Organization announced the second tallest tower in Queens has completed a rapid lease-up barely one year after opening, a remarkable pace for a building of its size. One hundred percent of the market rate apartments at the 70-story SVEN have now been leased, a testament to the building’s appeal to prospective residents.  

SVEN’s location, design, 50,000 square-feet of amenities and sustainability features have made it one of the most sought-after addresses in New York City. SVEN’s lease-up was achieved without any rental concessions, bucking a standard industry practice when opening new residential buildings to secure initial resident. In contrast, 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. 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,” said Jody Durst, President of The Durst Organization.  

About SVEN, 29-59 Northern Boulevard:

  • Opened for leasing in January 2021 
  • 958 units, including 288 designated as income-restricted 
  • 70 stories, the second tallest building in Queens 
  • Finback Brewery to open microbrewery and taproom on ground floor later this year 
  • Preservation and restoration of the existing historic clocktower building 
  • Designed by Handel Architects 
  • Groundbreaking Sustainability Features:
    • First and only multi-family building in the world to achieve the highest possible LEED rating: LEEDv4 BD+C: NC Platinum Certified  
    • More than 80% of construction debris was recycled and diverted from landfills. 
    • On-site water treatment plant and efficient fixtures reduce the building’s potable water use by 65%. 
    • Designed to reduce energy use by 52% compared to a LEED baseline. 
  • Comfort and Wellness:
    • Durst’s most selective sourcing and restrictive material exclusion ever, with strict testing to maintain the regimen through construction and operations. That means higher air quality and less exposure to Volatile Organic Compounds. It manifests in simple ways—the lack of smell, even in freshly painted and built-out spaces, is something residents comment on during tours. 

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