This German billionaire is planning a 120-key hotel by the Brooklyn Navy Yard

Hotel at 11 Grand Avenue will stand five stories tall and span 43K sf

New York /
Aug.August 20, 2018 01:15 PM

Hans Georg Näder and 11 Grand Street (Credit: Getty Images and Google Maps)

A 120-key hotel is coming to Clinton Hill thanks to a German billionaire.

Hans Georg Näder, head of the orthopedic device manufacturer Otto Bock Group, filed permits with the Department of Buildings on Saturday to build a 120-key hotel at 11 Grand Avenue, right by the Brooklyn Navy Yard.

The hotel would stand five stories tall and span about 43,000 square feet with restaurant and retail space on the ground floor. It would replace a one-story industrial property.

Forbes ranked Näder at No. 729 on its 2018 list of billionaires with an estimated net worth of $3 billion. He did not immediately respond to a request for comment.

The Brooklyn Navy Yard is currently in the midst of a $2.5 billion development plan that will add 5.1 million more square feet of space to the Tech Triangle site.


Related Articles

arrow_forward_ios
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
A photo illustration of the proposed Lower Platte River Corridor (Getty, Plan Preserve Play NE)
Nebraska lawmakers mull digging $1B recreation lake
Nebraska lawmakers mull digging $1B recreation lake
Illustration of Stefan Soloviev (HaydenSoloviev, CC BY-SA 4.0, via Wikimedia Commons, Getty)
Soloviev bets long-dormant Midtown East site in casino sweepstakes
Soloviev bets long-dormant Midtown East site in casino sweepstakes
CHIP's Jay Martin and HCR Commissioner RuthAnne Visnauskas (Getty)
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
PulteGroup's Ryan R. Marshall and RedFin's Glenn Kelman (PulteGroup, RedFin, Getty)
Wall Street is bidding up housing stocks again
Wall Street is bidding up housing stocks again
Empire Capital Holdings' Josh Rahmani, Hakimian Capital's Michael Hakimian, RXR's Scott Rechler and 1330 6th Avenue (Getty, Hakimian Capital, Empire Capital Holdings, 1330aofa.com)
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
Empire Capital, partners close on $320M deal for 1330 Sixth Ave
Urban Commons' Salvatore G. Takoushian with Wagner at the Battery
Urban Commons puts FiDi hotel into bankruptcy
Urban Commons puts FiDi hotel into bankruptcy
(Illustration by The Real Deal; Getty)
Multifamily faces stricter emission caps
Multifamily faces stricter emission caps
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...