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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.

Betsy Kim

Betsy Kim is 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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