The Central at 5th by Hilton Club

Providing construction financing to a New York based developer, which will develop a 31-story hospitality property

Project description:

  • The site is located on 47th and 48th Streets between Madison Avenue and 5th Avenue
  • The projects entails the development of a ~123K SF hospitality property with ~2K SF of retail space
  • The property is located in close proximity to major tourist attractions including Rockefeller Plaza, Grand Central Terminal, Times Square, and Central Park

Project details:

Location: 12-14 E. 48th St., and 13 E. 47th St., New York, NY 10017
Acquisition Date: 2016
Status: Construction completed in 2021.
Open and operating.

*Images represent initial renderings

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