W Downtown buyers mostly foreign

Jacqueline Finkelstein-Bayer and a rendering of the W New York Downtown

Roughly 70 percent of buyers thus far at the new W New York Downtown Hotel & Residences are international, the Moinian Group’s Jacqueline Finkelstein-Bayer told Dr. Lori Sokol yesterday during her morning radio show on AM1490. Finkelstein-Bayer, the senior managing director at the development company and the woman charged with overseeing the new 58-story property, said foreign buyers in particular are treating the condos as a “significant investment opportunity,” given the billion of dollars being poured into the redevelopment of Ground Zero over the next decade. The long-delayed W, which will have 223 private residences and 217 hotel rooms, will finally open June 28, though the BLT Bar & Grill downstairs may be opening one week earlier, Finkelstein-Bayer said. [WGCH]