Downtown Brooklyn Cambria Goes Kaput
No Suites Treat
New York City, NY 11201
United States of America
A developer bought the parking lot between Court Street and Boreum Place with visions of building a 300-room Cambria Suites on the spot. He took out a $20.7 mil mortgage, according to the Brooklyn Paper. Can you believe a parking lot cost $20 mil?
He didn't pay up. So, sorry, Downtown B., no snazzy hotel.
The parking lot is on the market, though. Perhaps something cool will still end up being built there?
Expect to hear more of these hotel wannabes gone awry. About 40 hotels being imagined for downtown, but most likely the area will get saturated and some of them will bail.
For more on the hotels, click here.
Till next time, Downtown B.
Source: Andy Campbell, "Economy sinks another high-flying Downtown plan," Brooklyn Paper
Published by Renee Morway
From the skyscrapers of NYC, I face strength. From the people of NYC, I gain understanding. And from the heart of NYC, I feel inspiration. So, I tend to write about the city quite a bit. View profile
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