T&E Development Buys West Chelsea Site for $34M From PPHE Hotel Group
A development site in Manhattan’s West Chelsea area previously conceived for hotel and luxury residences in 2019 by an international hospitality firm is now poised for a new residential journey. Amsterdam-based PPHE Hotel Group sold the property at 538-542 West 29th Street to…
A development site in Manhattan’s West Chelsea area previously conceived for hotel and luxury residences in 2019 by an international hospitality firm is now poised for a new residential journey. Amsterdam-based PPHE Hotel Group sold the property at 538-542 West 29th Street to…
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Why it matters
This is a routine real estate transaction involving a $34 million development site sale in Manhattan, with no novel financing structure or broader market impact.
Sources
Commercial Observer
T&E Development Buys West Chelsea Site for $34M From PPHE Hotel Group
A development site in Manhattan’s West Chelsea area previously conceived for hotel and luxury residences in 2019 by an international hospitality firm is now poised for a new residential journey. Amsterdam-based PPHE Hotel Group sold the property at 538-542 West 29th Street to…