Posted Jul 29, 2015, 10:27 AM
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Join Date: Sep 2013
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Air Rights Assembled For 29-Story, 238-Key Hotel At 560 7th Avenue, Midtown
REID WILSON
JULY 29, 2015
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Soho Properties, MHP Real Estate Services and Hampshire Hotels Group have closed on the purchase of 19,772 square feet of air rights for their planned 29-story, 384-foot mixed-use commercial building at 560 7th Avenue, in Midtown (at 40th Street), according to Commercial Observer. A 238-key Dream Hotel is planned, which will also feature retail space on the ground & second floor, and restaurants on the third floor and cellar level. Stonehill & Taylor Architects is designing, and demolition of the existing six-story building is expected to commence by the end of this year.
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