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Rendering of Hip Hop Hall of Fame Museum and Hotel/ Courtesy of Bluebox Entertainment Rendering of Hip Hop Hall of Fame Museum & Hotel/ Courtesy of Bluebox Entertainment

NEW YORK CITY—The Hip Hop Hall of Fame Museum & Hotel has signed a term sheet to acquire a building and development site in Central Harlem for the creation of the first hip hop complex in the country. A contract is anticipated to be signed and finalized with a closing in early spring. The developers are proposing a 20-story, 140,000 square-foot building including a Hall of Fame, TV studio, museum, gift shop, upscale hotel, residential apartments, retail, arcade, sports bar, restaurant and lounge where live events and concerts will be produced.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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