NEW YORK | 118 West 57th Street | 378+ FT | 37+ FLOORS

It looks like the ugly Le Parker Meridien won’t be razed, but it will grow vertically to accommodate moderately priced condos (in relation to the rest of 57th street, at least)

GFI Capital Resources Group and Elliott Management Corporation made a $420 million bet on Billionaires’ Row last week, acquiring the Parker New York with plans to renovate the 38-year-old hotel and build 67 luxury condominiums on top of its 729 rooms. Bank OZK financed the purchase with a $350 million debt package.


Too bad there are so many buildings in NYC with equally bad or worse design being built today ie kaufmann etc. A facelift can do nothing but improve whats there.

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It sucks that this heinous PoS is not being redeveloped. I wonder if it will even get a new facade.

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