In the News: Yet Another FiDi Hotel

••• Artist Richard Serra “has just expanded his home. Longtime residents of 173 Duane Street, Mr. Serra and his wife Clara have just purchased the third floor of the building, city records show. According to Halstead broker Cynthia Hepner, who once put the property on the market, Mr. Serra owns several floors in the building already, two of which that she knew of. “He used one for his studio one for living and I guess he just wanted another floor,” she explained. (The third floor was unlisted when the Serras bought it on August 25, according to the deed.)” —New York Observer

••• “A trio of firms has purchased 170 Broadway in lower Manhattan and plan to turn the office building into a hotel […]. The partnership, comprised of Highgate Hotels, Crown Acquisitions and The Carlyle Group, bought the 165,000-square-foot building between Liberty Street and Maiden Lane for between $100 million and $150 million. […] This will be the first time these three firms have worked together on a project. This is the third joint venture here, however, for Highgate Hotels, a Texas-based hotel operator and owner; and Crown Acquisitions, a Manhattan-based real estate investment company. The two firms are currently working together on two big Times Square properties: the Milford Plaza Hotel on Eighth Avenue and the Knickerbocker Hotel on Broadway and West 42nd Street.” —Crain’s

••• “Small businesses that hung on after 9/11 are still struggling to keep their doors open, owners told the New York City Council Thursday.” (DNAinfo)

••• Jung Sik is opening Monday. Eater has photos. Here’s one….


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