This has been stalled for a while, so I'll believe this is moving forward when I see some cranes on site, but for what it's worth...
45th Street hotel to get built despite sale of site: Barnett
July 29, 2011 06:45PM
By Katherine Clarke
"Development's 50-story hotel project at 131-139 West 45th Street will go ahead despite the company having sold off 11 commercial property lots in Midtown for approximately $125.16 million, including the hotel site, Extell President Gary Barnett told The Real Deal.
The 50-story condominium and hotel project will proceed, he said..."
http://therealdeal.com/newyork/artic...e-gary-barnett