The New York Hotel Trades Council and the Hotel Association of New York City have bought a parking lot in the BAM Cultural District and plan to build a health center for their hotel workers on it, the New York Observer said. The paper speculated that the group may intend to sell its existing facility at 68-80 Schermerhorn Street in Downtown Brooklyn to be developed as apartments. In any case, they paid $19 million for the parking lot at 620 Fulton Street, which PropertyShark lists as 253 Ashland Place, and they plan to spend about $90 million constructing the new building. Income from retailers on the first floor will go into the employee benefits funds.
$90M Hotel Worker Health Center Coming to Downtown Brooklyn [NY Observer]
Photo by Christopher Bride for PropertyShark GMAP
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