The owner of the Roosevelt Hotel, New York City's make-shift entry point on the East Side of Manhattan for thousands of migrant asylum-seekers, has stepped forward to unveil ambitious new plans for the aging venue.
The government of Pakistan has tapped JLL as its exclusive agent to market the Roosevelt Hotel as a redevelopment site for what the New York Post is calling "a spectacular, multi-use mega-tower on the scale of One Vanderbilt."
In June, NYC inked a $220M, three-year lease with Pakistan for the Roosevelt, converting it into a 1,025-room migrant shelter-as well as the main "intake center" for migrants entering Manhattan, who previously had been dropped off at the dilapidated Port Authority Bus Terminal.
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