701 Seventh Avenue | TRD Research
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701 Seventh Avenue

701 7th Avenue
New York, NY 10036
212-672-4716
Hotel
  • Address 701 7th Avenue
  • neighborhood Times Square
  • borough Manhattan
  • owner WITKOFF GROUP
  • developer WITKOFF GROUP
  • owner entity 701 SEVENTH PROPERTY OWNER LLC
  • architect Platt Byard Dovell White
  • PLANS DISCLOSED 07/09/2012
  • dob permit issued 03/19/2015
  • tco issued 12/15/2017
  • DOB FILE PLANS 07/09/2012
  • DOB FILE Link
  • height in feet 516
  • floors 42
  • residential units 452
  • total units 3
  • square feet 267,992
  • const. status BUILDING COMPLETE
  • block and lot 1-01000-0001
  • BIN 1083718
  • Event Financing
  • Address 701 Seventh Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 369,864
  • Price $ 2,000,000,000
notes
The owner secured $2 billion in acquisition financing for the Times Square property.
  • Event Sales
  • Address 701 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 369,864
  • Price $ 1,530,000,000
notes
The partnership acquired the Midtown West Marriott Edition Hotel for $1.53 billion.
  • Event Financing
  • Address 701 Seventh Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 40,000
  • Price $ 272,000,000
notes
The company secured two loans for its hotel with retail.

12/27/2016
From left: Jeff Sutton, Marc Holliday, Joanne Podell and 650 Fifth Avenue UPDATED, 11:30 a.m., Dec. 28: The Manhattan retail market had a rough-and-tumble 2016, From left: Jeff Sutton, Marc Holliday, Joanne Podell and 650 Fifth Avenue UPDATED, 11:30 a.m., Dec. 28: The Manhattan retail market had a rough-and-tumble 2016,...

01/01/2016
The dip came against a backdrop of robust hotel development and investment in Manhattan, with more than 3,400 rooms hitting the market in 2015. Plus, there’s more construction in the works, with leading players such as Extell Development and the Witkoff Group building high-end hotels in portions of other big projects. Witkoff and its partners, for example, are building a 452-room Marriott Edition at its mega mixed-used project at 701 Seventh Avenue in Times Square...

11/01/2012
Last month, an investment group including Steven Witkoff, Howard Lorber’s Vector Group and Michael Ashner’s real estate investment trust, Winthrop Realty Trust, purchased 701 Seventh Avenue in Times Square, with plans to build several levels of retail with a 475-room hotel on top...