Downtown Brooklyn Is Getting an Ace Hotel
GFI Capital Resources is in the throes of sealing a deal with the Ace Hotel to open in downtown Brooklyn close to the Barclays Center. GFI Capital told the Commercial Observer that it has closed on a number of small properties on Bond Street near Schermerhorn with its equity partner, Spruce Capital. An LLC buyer…
GFI Capital Resources is in the throes of sealing a deal with the Ace Hotel to open in downtown Brooklyn close to the Barclays Center. GFI Capital told the Commercial Observer that it has closed on a number of small properties on Bond Street near Schermerhorn with its equity partner, Spruce Capital.
An LLC buyer paid $2,000,000 for several empty lots on that corner, including 61 Bond Street, pictured above, in December in a deal that we suspect is related. Two other hotels are already rising on Schermerhorn, including an EVEN Hotel at Nevins and a Holiday Inn at 300 Schermerhorn. The president and CEO of GFI Capital is also a partner in the Ace Hotel New York, the one that’s located at 20 West 29th Street in Manhattan.
Do you think this would be a good addition to the neighborhood?
Ace Hotel Likely Coming to Downtown Brooklyn [NY Observer]
Photo by Nicholas Strini for PropertyShark
I guess Ganso’s business will now officially explode!
I will miss that Goodwill. We donate all of the clothing and accessories that we no longer need there, and it is the kind of place needed by a significant number of Brooklynites to shop for clothing they can afford. Anyone know when it may close, and if they will try to relocate?
The downtown Macy’s has always been a dump compared to Herald Square or Kings Plaza. They really need to spruce it up, it’s like a 1980s version of a dying 1920s store in there.
Actually another hotel is exactly what Brooklyn needs. It’s cheaper to stay in Times Square than it is in Downtown Brooklyn.