Marx Development Bringing 43-Story Hotel To Hudson Yards

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Want to get a jump start on upcoming deals? Meet the major New York City players at one of our upcoming events! Marx Development is planning to bring a 531-room hotel to Hudson Yards, filing plans.

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Marx Development Group has landed an $88 million construction loan for a Marriott hotel it is building in hudson yards. mack real estate credit Strategies provided the 24-month financing, which will be used to recapitalize the project and cover the hotel’s final pre-development costs, sources told The Real Deal.

The 487-foot tower will bring 531 hotel rooms to the neighborhood.. In Hudson Yards, a 43-story hotel will rise across from javits center. hotelier david marx is moving forward with his plan of bringing a hotel and retail. we noted in our Hudson Yards development map published in April this year. Now.

Welcome to Hudson Yards, on Manhattan’s West Side. Built from the ground up, it’s a triumph of culture, commerce and cuisine. A place to live, work, and play.

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The top 10 biggest real estate projects coming to NYC – The full list of July’s top 10 biggest real estate projects is below: Marx Development Group’s plans for a roughly 213,000-square-foot hotel and retail project at 450 11th Avenue in Hudson Yards.

Mack Real estate credit strategies has provided $88 million in predevelopment financing to Marx Development Group (MDG) in a deal arranged by Meridian Capital Group. Meridian’s Shaya Ackerman and Shaya Sonnenschein negotiated the 24-month loan for a Marriott-branded hotel development site in Manhattan’s Hudson Yards district.

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Permits have been filed for a 43-story hotel at 450 Eleventh Avenue, across from the Jacob K. Javits Convention Center and West 37th Street. The 34th Street – Hudson Yards subway station is four blocks away. Atria Builders is responsible for the permit filings, and Flushing-based Marx Development Groups will be responsible for the development.

The 330-key hotel will be managed by Crescent Hotels and Resorts. The hotel brought in $5.4 million last year, TASE documents show, and GFI hopes to bring the property’s net operating income up to.