NEW YORK | 10 West 57th Street | 672 FT | 52 FLOORS

[NYguy]

http://www.nydailynews.com/life-style/re...or-build-midtown-tower-article-1.1935292

Brazilian investors set to bring famed South American hotel brand, condos to crowded 57th St.
The Fasano family already operates a hotel and restaurant empire with outposts in São Paulo and Rio de Janeiro

Katherine Clarke
September 10, 2014

Midtown is about to get a little bit more Rio.

A group of Brazilian investors is planning to bring another luxury high-rise tower comprising a hotel and condos to the already crowded 57th St. billionaire's row.

The group, which includes construction company JHSF Participacoes S.A. and the first family of Brazilian cuisine, the Fasano family, wants to bring a Fasano-branded hotel to a vacant lot at 16 W. 57th St. with condos on top, a spokesperson for the investors told the Daily News exclusively.

The Fasano family already operates a hotel and restaurant empire spanning São Paulo, Rio de Janeiro and Punta del Este, Uruguay.

And they're not planning to cut corners when it comes to their New York tower. Sergio Millerman, the group's representative in the city, said the investors are in talks to have starchitect Rafael Vinoly design the building.

"Fasano is probably the most important restaurateur in Brazil," Millerman said. "This is going to be extremely, extremely elegant."

The investors bought the development site for $95 million last month from Extell Development, the company behind Midtown's most luxurious condo tower at 157 W. 57th St.
The dimensions of the new building have not yet been decided but the site allows for a more than 100,000-square-foot tower.