The Chetrit Group has closed on its purchase of a Hudson Yards development site, despite an ongoing legal battle at the property between the site’s former owner and its lender, Fortress Credit. Chetrit, the company behind the ongoing renovation of the Hotel Chelsea, paid $26.5 million for the four adjacent lots at 541–545 West 37th Street and 540-544 West 38th Street, according to public records filed today with the city. The site, which is zoned [more]
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