A press release that just landed in the Curbed inbox offers a few more details on what's to become of 5 Beekman Street, the decayed urban treasure that was briefly in contract to Andre Balazs before selling to a joint venture that includes the owner of the Ace Hotel. The new owner is planning a "297-room luxury boutique hotel with 90 residences." It might be sacrilege to say so, but 5 Beekman with condos might be even better than 5 Beekman redone by Andre Balazs. [CurbedWire Inbox]
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