NoMad

444 Park Avenue South

Loan Recapitalizes 20-Story, 190-Key Hotel Project At 444 Park Avenue South, NoMad

Moin Development and SBE have received a $109 million loan for their planned SLS Hotel at 444 Park Avenue South, in NoMad, Commercial Observer reports. The former 14-story office building is being expanded to 20 stories and converted to 190 hotel rooms; multiple restaurants are also planned. Fortress Investment Group provided the loan, which recapitalizes and restructures existing debt. Completion is slated for Spring 2016.


281 Fifth Avenue

Revealed: 281 Fifth Avenue, 52-Story NoMad Condo Tower Designed by Viñoly

Last December, YIMBY posted the first preliminary renderings for 281 Fifth Avenue, a 52-story condominium tower that will soon begin construction on the southeast corner of 30th Street and Fifth Avenue. Permits for the project were filed early last month, and now YIMBY has obtained the first actual rendering of the glassy building, which is being designed by Rafael Viñoly.

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250 5th avenue gmaps

Office Building at 250 Fifth Avenue Wants to Become a Hotel, Add a 23-Story Tower Next Door

A landmarked five-story, turn-of-the-century office building at 250 Fifth Avenue, on the corner of 28th Street in NoMad, may become a hotel and grow a 23-story tower behind it. Alteration applications were filed yesterday to expand the building to 23 stories, but the developer tells us that the single-story storefronts on 28th Street, behind the hotel, will support the new tower.

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