The former Parsons The New School for Design building will be replaced by a Dream Hotel, and the developers are about to drop a nice chunk of change on air rights from the Neil Simon Theater, 10 blocks to the north. They can do this because the site is part of the Special Theater District. Currently, the developersSharif El-Gamal, MHP Real Estate Services, Hampshire Hotels Managementare planning a 237-room hotel. [TRD; previously]
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