Florida developer plans Ground Zero-area hotel

July 17, 2007 12:00AM

Boca Raton-based E.B. Developers plans to build a hotel next to Ground Zero in Lower Manhattan. The firm recently bought a development site at 133 Greenwich Street from the Copper Group for $45 million, according to public records. The Cooper Group, a consortium of Israeli-based investors, purchased 133 Greenwich for $20 million in 2005 and announced it would construct a 30-story condo on the site, which was formerly home to two low-rise buildings. E.B. said its plans for a hotel rather than a condo on the parcel make sense given Ground Zero’s heavy foot traffic and the fact that the site is a draw for tourists. more By Gabby Warshawer


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