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Grand Hyatt in Midtown East To Be Demolished and Replaced

TF Cornerstone and MSD Partners are redeveloping the hotel that’s next to Grand Central Terminal into a 2 million square-foot, mixed-use asset.

Grand Hyatt New York at 109 E. 42nd St. Grand Hyatt New York at 109 E. 42nd St.

NEW YORK CITY—TF Cornerstone and MSD Partners are redeveloping the Grand Hyatt at 109 E. 42nd St. The Wall Street Journal reported the development group is tearing down Donald Trump’s first major Manhattan development. In its place, they are erecting a 2 million square-foot, mixed-use development including offices, retail, improvements to the public infrastructure and a new luxury Grand Hyatt Hotel. The building is adjacent to Grand Central Terminal.

Reuters wrote that the original structure was a stone building dating back to 1919 that Trump bought in 1978, gutted, and re-skinned with a glass façade. He sold his share of the building in 1996, according to The Real Deal.

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Betsy Kim

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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