Chetrit Group To Develop 540 West 38th Street After Receiving Acquisition Loan, Midtown West

540 West 38th Street540 West 38th Street, image by Oppenheim Architecture + Design

After Chetrit Group landed a $60 million acquisition and pre-development loan for their development site spanning 541-545 West 37th Street, in Midtown West, the developer is planning to move forward with their plans, which YIMBY reported on nearly a year ago. The site boasts 373,000 square feet of building potential, and conceptualized as a 50-story mixed-use tower featuring 100 residential units and 350 hotel rooms. Two three-story buildings must first be demolished. [The Real Deal]

545 West 37th Street

Pre-demolition 541-545 West 37th Street, image via Google Maps

Subscribe to YIMBY’s daily e-mail

Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews

TFC Horizon
.