With this purchase of five acres of waterfront land, is the South Bronx New York’s newest development hot spot?
The Chetrit Group and Somerset Partners are betting big on the Bronx. The developers have recently purchased 5 acres of industrial land along the Harlem River. The Wall Street Journal reported that they plan to build up to six 25-story market-rate apartment towers on the land.
The Italian Renaissance Revival-style Hotel Bossert, once one of the swankiest hotels in Brooklyn, will soon be welcoming guests once again. Two developers, David Bistricer and Joseph Chetrit of the Chetrit Group, bought the property from the Watchtower Society this past November for $81 million, and now have the go-ahead to turn the property back into a hotel. On Friday, the Board of Standards and Appeal granted the developers a variance to change the certificate of occupancy. According to Brownstoner, Gwathmey Siegel Kaufman + Associates Architects is the architect of record. But, we just heard that Selldorf Architects will lead the renovation of this 1909 building designed by Palmer & Hornbostel, which will involve preserving the facade, lobby, and reception area, updating the rooms with new design finishes and amenities, and reviving the Marine Roof back to a restaurant and lounge. If all goes well, the hotel will be up and running by this summer.