Luxury Hotel Breaks Ground in Tribeca

The partnership, including Caspi Development, Mactaggart Family & Partners and Barone Management, expects to deliver the 96-key Manhattan property in 2020.

The developers of an eight-story luxury hotel planned for 456 Greenwich St. in Manhattan’s Tribeca neighborhood are betting on demand for ultra-luxury accommodations and a lack of supply in an area that is booming with new development.

“Combining its historic roots with an extraordinary influx of development and investment, Tribeca continues to be one of the most charming and sought-after neighborhoods in the entire city,”Joshua Caspi, principal of Caspi Development, said in a prepared statement…

Luxury Hotel Breaks Ground in Tribeca

Categories : Real Estate

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