HKS Developing Boutique NoMad Hotel
Real Estate Weekly is reporting that HKS Capital has received a $34 million loan financing for the construction of a boutique NoMad hotel. Plans are to turn a vacant site at 11 East 31st Street (between Madison and Fifth Avenue) into a 250-room hotel.
The Department of Buildings has approved a proposal for a 30-story hotel at the location. With construction underway already, plans are for the hotel to be open in 2015.
It will be exciting to see more news about this new boutique NoMad hotel as it develops!