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Half of Market Rate Units Now Leased at LIC High-Rise ‘Sven’

sven

The Durst Organization announced today that half of the market rate residencies at its luxury skyscraper ‘Sven,’ pictured, are now in lease (Photo: Michael Dorgan, Queens Post)

Aug. 23, 2022 By Michael Dorgan

The Durst Organization announced today that half of the market rate residencies at its luxury 71-story skyscraper in Long Island City are now leased.

The building, called Sven, is situated in the Queens Plaza section of Long Island City and half of its 670 market-rate residences are now in contract.

The developer began leasing the apartments eight months ago with the first residents moving in at the start of the year, according to Durst.

Sven is the second-tallest building in Queens—with the Skyline Tower being the tallest—and offers residents views of the Manhattan skyline and surrounding boroughs. The building, which has a unique curved shape façade, wraps around the historic Clock Tower at 29-59 Northern Blvd. which has undergone a complete makeover.

Monthly rent prices for market-rate apartments at Sven range between $3,694 and $7,811 a month – consisting of studios, one-bedroom, two-bedroom and three-bedroom apartments, according to Durst. The developer is leasing the units in-house from an on-site leasing office.

All apartments at Sven feature high-end appliances and the building comes with 50,000 square feet of amenities, including a landscaped terrace with an outdoor swimming pool and a fitness center, complete with individual studios for yoga, pilates and boxing.

Jonathan Durst, President of The Durst Organization, said the leasing figures indicate that the building is in high demand.

“This milestone affirms why tenants are drawn to Sven; this project offers a unique proposition by marrying high-end design and top-tier amenities with a commitment to sustainability and healthy living,” Durst said.

“Sven stands out for its unparalleled views, luxury living, easy access to Midtown, and a unique emphasis on the health and wellness of its residents.”

A unit inside Sven (Photo provided by The Durst Organization)

A bedroom inside an apartment at Sven (Photo provided by The Durst Organization)

Sven has 958 state-of-the-art apartments in total, 288 of which are income restricted.

All of the apartments at Sven, according to Durst, are outfitted with modern stainless-steel appliances and high-end design features, including European countertops, flooring and cabinetry; high-end washer and dryers; floor-to-ceiling double-pane windows for unobstructed views,; blackout shades in all bedrooms; and programmable thermal systems, giving residents control of the climate in their home.

All residences are equipped with high-performance, water-efficient kitchen and bathroom fixtures.

Sven also features energy-efficient lighting throughout the building and reflective pavers on the building’s exterior to reduce heat island effect. Interior finish materials such as the carpet, paints, and insulation are selectively sourced to minimize off-gassing of harmful chemicals.

The Durst Organization is also constructing a half-acre public park at the rear of Sven that will feature a playground, dog runs, workout facilities as well as swinging benches. It will be called Sven Park.

Meanwhile, Finback Brewery, a microbrewery based in Glendale, has leased a 3,800-square-foot space at the bottom of the tower.

For more information, visit www.SvenLIC.com.

A new park is scheduled to open at Sven (Rendering provided by The Durst Organization)

The building also comes with a landscaped terrace with an outdoor swimming pool (Photo provided by The Durst Organization)

sven

The entrance to Sven on Northern Boulevard (Photo: Michael Dorgan, Queens Post)

The building, which has a unique curved shape façade, wraps around the historic Clock Tower at 29-59 Northern Blvd. which has undergone a complete makeover (Photo: Michael Dorgan, Queens Post)

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6 Comments

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MRLIC

Whete is real affordable housing ?
I ssy this all the time. Justnluxury buildings going up
New one on Jackson Ave 55 dtories is ridiculous. Another one called 8 court square where we lost 3 businessrs. Dominos , Burger Garage and Subway for development. That was great for developers I guess Moneey , money , money. Greed, greed, greed. They care nothing if people can afford to live here.u

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Ed

Unfortunately zoning laws, NIMBYism, and government bureaucracy makes affordable housing unaffordable. So the only money is in luxury buildings. Change the laws and make it profitable to build, and there will be affordable housing. Simple economics. The more apartments you build the cheaper they get. Nothing will change otherwise. Rent control and lottery systems do nothing in the long term but favor the few. Focus on changing the laws to building as quickly, efficiently and as much as possible.

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paul

Who the heck are renting these units? There are thousands all over western queens and Bklyn. Can you spell RE CRASH?

The end is near, repent ye sinners. It will make 2008 look like a tiny blip.

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JQ LLC

This is not a news article, it’s an advertisement and publicity swill. This building is clearly half-empty because it’s actually on the city’s affordable housing lottery program and obviously nobody can qualify because of the ostentatious rents or people are probably not playing the lottery at all. The other joke is the beer hall, which tries to come off as a grass roots business from a middle class neighborhood when it’s also obvious there’s massive venture capital funding behind it, just like this hideous luxury public housing tower.

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MRLIC

Who but the rich an afford $3,600’$7,000 for rent.?
These rich people do know anout croime I hope. Probably won’ t fill other half. The taxpayer fundrd tax breaks will make up the difference I am sure.

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