|

NEW YORK CITY-New York City officials have approved anotherhotel project in Brooklyn. New York City Capital Resource Corp. hasgiven approval to grant nearly $15 million in tax-exempt financingto Brooklyn-based Two Trees Management Co., which is preparing todevelop a 73-room hotel in Wythe Avenue in Williamsburg.

|

Another candidate is also seeking approval from the cityofficials for a retail and catering hall measuring 40,000 squarefeet in Queens. Officials have scheduled a hearing in December.For the full story, go to Wall Street Journal.


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.