The Pomeranc Group and Rosen Partners are putting an 88-key hotel at 6 Columbus Circle on the market.
The property will likely be torn down to make way for a new building that could span over 63,000 square feet.
Pomeranc and Rosen purchased the 12-story hotel — then the West Park Hotel — 15 years ago for $11.5 million. After several years of delays, they opened the hotel in 2007 under Thompson Hotels.A source estimated to the Commercial Observer that the property will trade for $1,400 per buildable square foot, or $88.9 million. Cushman & Wakefield’s Bob Knakal has the listing.
The site is also home to a Blue Ribbon Sushi Bar & Grill, which has occupied 1,000 square feet on the ground floor since 2011. [Commercial Observer] — Kathryn Brenzel