Midtown East planned rezoning will require complex deal-making
December 17, 2012 04:30PM
By Adam Pincus
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One example includes Extell Development, which purchased a portfolio of parking garages last year including 138 East 50th Street, between Lexington and Third avenues. The city expects the site will be developed with a hotel that could be as large as 924,893 square feet. But first Extell would have to strike deals with hotel giant Starwood Capital Group, as well as the smaller players Ramosar Realty, San Carlos Building Corp., and Samson Management.
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Another very tall tower for New York!