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Midtown East planned rezoning will require complex deal-making
December 17, 2012 04:30PM
By Adam Pincus



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.
This was just posted over at SSP! So great to see another massive tower for New York!

 

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whitest boy in the delta
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new york's skyline changed hardly for so many decades and now there are so many supertalls just appearing out of nowhere :lol:
 

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Roof height crusader
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^^ I agree with you, it will be very interesting to see how the both the eastern and western sides of Midtown will be developed in the near future :cheers:
 

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Georgia Tech
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Yes, that is my face~
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That's going to be a lot of rooms for a single hotel. Anybody got an idea on who's going to operate this? Shangri-la? Four Seasons? Sheraton? Hilton? Best Western?~
 
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