Parkview Financial has provided a $207 million loan toward the purchase and redevelopment of the iconic Hudson Hotel in New York.
The 385,124-square-foot, 24-story building is located at 353-366 West 58th Street and was most recently a SBE-operated hotel owned by Cain International that shuttered in 2020 due to COVID. The new ownership has plans to convert the property into a 438-unit residential project with office and commercial space. The well-located building is one block west of Columbus Circle near Billionaire’s Row within the Clinton neighborhood of western Manhattan, along the Hudson River and the southern edge of Central Park.
The units will feature 8- to 10-foot ceilings, hardwood floors, stainless steel appliances and quartz countertops, and each unit will have in-unit washer/dryers. There will also be 30,000 square feet of retail space and 25,000 square feet of office space. The project is anticipated to complete in early
