Luxury tower in Long Island City leases 50% of market-rate apartments in new development

apartment unit
Fifty percent of market-rate apartments in 958-unit development were leased within eight months. (Photo via Sven website)

In the first eight months of leasing, 50% of the 670 market-rate residences in a new luxury residential tower in Long Island City have been rented.

The development at 29-59 Northern Blvd. on Queens Plaza North— called Sven— includes 958 units, 288 of which are income-restricted. Sven stands at 71 stories, making it the second-tallest building in Queens. The building offers views of the Manhattan skyline, East River and Brooklyn/Queens waterfront.

“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,” said Jonathan Durst, president of The Durst Organization. “As the second tallest building in Queens, 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.”

The available units range from studios to three-bedroom apartments, with rents between $3,694 and $7,811 a month. Each unit includes stainless steel appliances, European countertops, flooring and cabinetry, and floor-to-ceiling double pane windows for panoramic views. Apartments are also outfitted with blackout shades and programmable thermal systems, allowing residents to have complete control over the temperature in their homes. The apartments also feature View Glass windows, which allow residents to change the tint of their windows through an app.

The development is a curved structure honoring the iconic 1927 Queens Clock Tower, once home to the Bank of Manhattan.

Photo courtesy of Durst Organization.

Sven will also have Finback Brewery on the ground floor and a new half-acre park called “Sven Park.” The green space will include a playground, dog runs, workout facilities and swinging benches.

Photo courtesy of Durst Organization

Sven is located steps away from the E, M and R subway lines at Queens Plaza and the 7, N and W lines at Queensboro Plaza. It is also in close proximity to the Court Square transit hub.