Toby Moskovits’ Heritage Equity Partners obtained a $40 million construction loan for an eight-story boutique hotel in Williamsburg. [more]
Posts Tagged ‘wythe hotel’
Hotel developer Zelig Weiss is bringing a new 183-room hotel to Wythe Avenue in Williamsburg. The 150,000-square-foot project will be located at 55 Wythe Avenue, between North 12th and North 13th streets, just a block down from the popular Wythe Hotel. [more]
Ennsimore Capital, the owner of East London’s affordable hipster-friendly Hoxton Hotel, has snagged a prospective hotel site in an ultra-trendy area of Williamsburg. [more]
Williamsburg’s Wythe Avenue is continuing to enjoy unprecedented popularity, with the opening of various new nightlife options. The current buzz is surrounding the soon-to-open nightclub Output; it is slated to open its doors in the coming weeks at 74 Wythe Avenue. The electronic dance music venue will be just one of two entertainment spaces taking leases at the 11,424-square-foot property, a source told the Observer. Output will have a back room, as well as approximately 2,500 square feet of rooftop space. [more]
The Wythe Hotel has finalized the demographic transformation of Williamsburg into Manhattan, at least in terms of nightlife and tourism. Along Wythe Avenue a new crop of even more upscale locally and artisanally crafted foods, as well as other amenities, have sprung up in the shadow of the hotel, which opened in May, the New York Times reported.
The most recent hordes to descend on Williamsburg include foreign tourists, who are now willing to schlep from their usual hangouts in Manhattan all the way to far-flung Wythe and North 11th Street, the Times said.
From left: City Council Speaker Christine Quinn (credit Jonathan Fickies); Jed Walentas, vice president of Two Trees Management, (credit Jonathan Fickies); and a rendering of the hotel at 80 Wythe Avenue
City Council Speaker Christine Quinn gave the keynote address at the Brooklyn Real Estate Roundtable’s fifth anniversary luncheon today, but Jed Walentas, vice president at Two Trees, stole the show.
The casually dressed 30-something, son of pioneering Dumbo developer David Walentas, entertained the crowd of some 100 real estate professionals with updates on Two Trees’ projects, punctuated with candid one- liners that drew laughs from the audience.
For example, Walentas said he decided to undertake Two Trees’ new Williamsburg hotel project “to have a new experience and do something fun.”
He added: “To be honest, I have no idea how the economics are going to work out.”