Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest hotel companies, Hidrock Properties and Concord Hospitality celebrated the grand opening of the new Cambria hotel & suites NY – Times Square in style last night with a vintage winter wonderland.
Manhattan-based commercial real estate owner Hidrock Properties has acquired 32-34 Fifth Avenue in Park Slope, Brooklyn for $6.6 million.
Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, has been exclusively retained to sell the 2,100 s/f freestanding retail property located at 512 Broome St. in the exclusive SoHo neighborhood.
Hidrock Properties signed two leases totaling 7,060 s/f at 53 West 36th Street and 35 West 36th Street near Herald Square. The leases bring Hidrock’s portfolio of office properties to 98 percent occupied. Robert Kaplan, Hidrock’s Managing Director of Operations, represented the landlord in both transactions. Asking price for both spaces was approximately $45 psf.
The Cambria Hotel & Suites Times Square, developed by Hidrock Properties and Concord Hospitality Enterprises, is officially open for business. The new hotel, which consists of a 21-story tower with 196 guest rooms, is located at 30 West 46th Street, just minutes from Rockefeller Center, Times Square, Herald Square and Grand Central Station.
The city’s Landmarks Preservation Commission on Thursday unanimously approved a developer’s proposal to alter the historic Pavilion Theater in Park Slope, after architects re-jiggered designs that the commission shot down in August for sporting, amongst other things, underwhelming cornices — also known as the decorative railing around the roof.
On October 20th, the New York City Landmarks Preservation Commission unanimously approved Hidrock Properties’ plans for Pavilion on the Park, a repurposing of the Pavilion Theater building and adjacent lot located on Bartel Pritchard Square, one of the main entry portals into Prospect Park and Park Slope. Finding that the project conforms to the design and preservation standards of the Park Slope Historic District, the Commission awarded it a Certificate of Appropriateness.
Robert Arnzen has joined the firm as Senior Director of Construction. Arnzen oversees Hidrock’s development portfolio and manages all aspects of the design, consulting and construction management teams. He collaborates with the acquisitions and accounting departments to ensure the proper execution of Hidrock’s business plans within established budgets and time frames.
The future Courtyard New York Downtown Manhattan/World Trade Center has topped out at 133 Greenwich St., and framing proceeds apace. It’s being co-developed by Hidrock Properties and Robert Finvarb Companies. Situated on the perimeter of the World Trade Center site, the hotel will represent a symbolic return for Marriott International when it opens, projected to be in Q1 2016.
