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13-story hotel to rise in Downtown Brooklyn

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The Department of Buildings has issued permits for a 13-story, 116-room hotel at Tillary Street and the Flatbush Avenue extension in Downtown Brooklyn, Brownstoner reported. The Kansas-based hotel developer LodgeWorks acquired the vacant lot from an entity called Magna Hospitality Group for $7.75 million in March, according to city records. Magna had purchased the property in March 2008 for $10.8 million, but plans fell through, as The Real Deal has previously reported. The neighborhood has proven popular with hotels of [more]

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