A long-term ground lease has been arranged for the development of a hotel at 95 Rockwell Place in Brooklyn, near the Brooklyn Academy of Music, it was announced last week.
SDS and Trans Inns will partner with a major flag hotel, according to a statement from CPEX.
The news of hotel development comes on the heels of Mayor Bloomberg’s November 2012 announcement of plans to begin the development and construction of 600 units of mixed income housing, as well cultural and commercial space in the area.
The site, bounded by Fulton Street, Rockwell Place and Ashland Place, is to be developed through the Gotham Organization and DT Salazar.
The Hotel Plans to begin construction this fall on a 200-room, full-service hotel at 95 Rockwell Place and to complete it within two years, project manager Gregory Atkins of V3 Hotels said