Given that Two Trees was required to break ground before the new year as a condition of the $15 million in tax-exempt financing it received last November, it come as no surprise that when we passed by earlier this week the crew appeared hard at work and there was a construction elevator was already set up on the exterior of the five-story brick building. As you may recall, the Dumbo developers are planning a 73-room boutique hotel that, from what we hear, will blow away any other hotel in the borough in terms of tastefulness and hipness. We’re predicting over-the-top success on this one.
Walentas Hotel Awarded Tax-Free Funds [Brownstoner]
W’burg Hotel Financing Up for Review, Debate [Brownstoner]
Two Trees Closes on W’burg Hotel Property [Brownstoner]