Knickerbocker Hotel building selling

TRD New York /
Apr.April 30, 2008 09:10 AM

The Post reports that Dubai’s Nakheel Hotels is in contract to sell the old Knickerbocker Hotel building and an adjacent development site on 42nd Street. Nakheel had planned to convert the Beaux-Arts-style 6 Times Square building back to the Knickerbocker Hotel, which was one of Midtown’s most luxurious hotels when it opened in 1905. The martini was supposedly named for its bartender, Martini di Arma di Taggia. Enrico Caruso, the world’s most famous opera singer, lived there until he died in 1921, the year the Astors closed the hotel and turned it into an office building. The building, which is home to textile showrooms and apartments, is sometimes called the Newsweek building, because the magazine was there from 1940 and 1959. The hotel sold for $300 million back in 2006. The name of the new buyer and the sale price were not reported. The buyer could decide to use the conversion plans drawn up by architects Brennan Beer Gorman. TRD


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Check out NYC’s biggest investment sales deals

Check out NYC’s biggest investment sales deals

Two Trees’s Jed Walentas, Bjarke Ingels and a rendering of the project (Credit: Getty Images, BIG)

Two Trees unveils bold plan for Williamsburg towers, beach

Democratic State Sen. James Skoufis (Credit: NY Senate)

Real estate agents facing subpoenas after failing to appear at hearing

WeWork Co-CEO Artie Minson (Credit: Getty Images, iStock)

WeWork tries to escape leases — and eviction

207 East 94th Street, Glenwood Management’s Carole Pittelman and Hirschfeld Properties’ Elie Hirschfeld (Credit: Google Maps)

Glenwood Management makes rare sale with Upper East Side deal

arrow_forward_ios
Loading...