Islamic center developer eyes revamp of Midtown synagogue

TRD New York /
Feb.February 11, 2014 12:28 PM

Sharif El-Gamal, developer of Park51, is in contract to buy the Garment Center Synagogue in the hopes of tearing down and building a high-rise with a new synagogue, hotel and retail center.

El-Gamal teamed up with Murray Hill Properties to redevelop 205 West 40th Street near Seventh Avenue. The New School for Design is expected to officially sell off the site for $61.5 million by March.

The building would rise as high as 23 stories and hold a ground-floor synagogue, three retail floors and a 260-room hotel. The 83-year-old Garment Center Synagogue had a long-term lease for $1 per year, the New York Times reported. If the building were to be razed, the synagogue would have to find a short-term location for the year 2017, according to the lease.

The synagogue agreed late last week to vacate the premises in the next few months.

El-Gamal had planned to build an Islamic prayer and community center near Ground Zero, but amid opposition, the development fell through. [NYT]Mark Maurer


Related Articles

arrow_forward_ios
1412 Broadway (Credit: Google Maps)

Isaac Chetrit lands $210M refi for Garment District office building

216-222 West 30th Street (Credit: Google Maps)

Garment District assemblage hits the market for $60M

Lalezarian Properties principal Kevin Lalezarian and 509 Third Avenue in Manhattan

Lalezarian to build 35-story mixed-use tower in Murray Hill

142 West 36th Street and 234 West 39th Street (Credit: Google Maps)

Qatari firm to buy Garment District buildings for $140M

Behind a $10M construction showdown at Sharif El-Gamal’s 45 Park

Behind a $10M construction showdown at Sharif El-Gamal’s 45 Park

Waterman Interests, USAA look to sell Garment District buildings for $140M

Waterman Interests, USAA look to sell Garment District buildings for $140M

Happy Hour: Sharif El-Gamal secures $270M in financing for Margaritaville site

Happy Hour: Sharif El-Gamal secures $270M in financing for Margaritaville site

Garment District rezoning passes City Council with unanimous vote

Garment District rezoning passes City Council with unanimous vote

arrow_forward_ios