The Central at 5th by Hilton Club
New York, NY
12-14 E. 48th St., and 13 E. 47th St., New York, NY 10017
Closing Date: 2016
Providing construction financing to a New York based developer, which will develop a 31-story hospitality property
Project description:
- The site is located on 47th and 48th Streets between Madison Avenue and 5th Avenue
- The projects entails the development of a ~123k square foot hospitality property with ~2k square feet of retail space
- The property is located in close proximity to major tourist attractions including Rockefeller Plaza, Grand Central Terminal, Times Square, and Central Park
Status: Construction completed in 2021. Open and operating.
*Images represent initial renderings