Chelsea Hotel To Close, Be Converted To 625-Unit Apartment Building
Add the Stewart Hotel to list of Manhattan hospitality properties shuttering permanently.
The 618-key hotel in Chelsea, which was built in 1929, is being converted to a 625-unit apartment building, Crain’s New York Business reports.
The building was acquired by Ray and Jack Yadidi of the Sioni Group and Isaac and Eli Chetrit in 2016 for $213M, Crain’s reported. The developers plan on converting the hotel at 371 Seventh Ave. to an entirely market-rate rental building, with amenities including coworking space, yoga rooms and a golf simulator. The conversion is expected to take between 24 and 36 months to complete.
Read the complete article at BISNOW https://www.bisnow.com/new-york/news/hotel/chelseas-stewart-hotel-owners-announce-plans-for-residential-conversion-113759
Short URL: https://caninechronicle.com/?p=240192
Posted by admin
on Aug 4 2022. Filed under Breaking News, Featured, World News.
You can follow any responses to this entry through the RSS 2.0.
Both comments and pings are currently closed.
Comments are closed
