is a 46-story condo-hotel at 246 Spring Street in its namesake neighborhood in downtown Manhattan. The Trump Organization
, the Sapir Organization
and the Bayrock Group
developed it at a cost of approximately $450 million.
Completed in 2010 after four years of planning and construction, the tower includes 391 units that owners may not occupy for more than 29 days in a 36-day period or for more than 120 days annually. At other times, the owner may rent out the unit as a hotel suitethus the condo-hotel nature of the Trump Soho
, one of the first of its kind in New York City.
The towers development and sales were not without controversy. A construction accident in 2008 killed one worker and injured three others. In late 2011, several buyers sued the developers, claiming deceptive sales practices; the lawsuits were eventually settled, with a majority of the plaintiffs deposits returned.
California-based CIM Group
acquired the property in 2015 through the foreclosure process.
246 Spring Street
file ag plans
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