News
FROM PARKING TO PILLOWS
August 17, 2011
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| A deal has been sewn up in the Garment District—one that will result in a brand new hotel. A JV of the Buccini/Polin Group and The Albanese Org purchased a sliver of land that’s currently a parking lot at 312-318 W 37th St from the Wenner and Larkin families (who owned the site for nearly a century) for $20.8M. It’s the DC-based Buccini/Polin’s first entrée into New York City, and the JV plans to eventually build a 300-room hotel at the site. Eastern Consolidated principal David Schechtman brokered the deal. |
