Progress as of April 1st, 2007.

Overview

45 Park is a new condo being created in the former space of the Sheraton Russell hotel on 37th street and Park Avenue. It follows in the steps of other conveniently located hotels which turned little or no profit and were better suited as condominiums. These projects are always controversial but in the end the economics explain themselves. The hotel was gone about a year ago and the photo shows the current status of the building. It is near completion and should be ready for occupancy within a few months. (more…)