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Originally Posted by tubeworm
Looking at the site quickly, it's good that the hotel spans all the way back to the 58th street wall-- lots to do in my eyes.
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The 58th Street side has the larger footprint, similar to the 220 CPS development.
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“Right now, the whole business plan is centered around running it as a hotel,” Witkoff said. “We have the option of keeping it as a hotel and fixing up the rooms. We have the option of converting a portion … to condominiums. We have the option of buying some air rights and filling in around the hotel.”
Sources unconnected to the company say the Witkoff partnership has been poking around, attempting to acquire adjacent land.
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He's keeping all options on the table, but they're not stupid. Everyone can see what's happening in the area, and this is as prime as it gets. The hotel will do until they have a development plan, so it doesn't make sense to announce anything other than that.