The property is located in the Financial District, one of Manhattan’s most thriving neighborhoods, an attractive destination for business travelers, who can benefit from FiDi’s recent revival, with major developments in transportation, fine dining, shopping and historic culture.
The 19-floor building has 137 short term rental units, a fully equipped gym and rooftop. In the last quarter of 2016, the renown brand Blue Ribbon Restaurants will open a location in the first floor of the property.
XXXXXX is currently operating in the fast growing market of luxury short term rental apartments in New York City. This type of market proves to be underserved given it only represents 7% of the lodging industry in a city that is expected to receive 60 million visitors in 2016. FiDi had no luxury short term rentals until the opening of AKA Wall Street.
XXXXXXX, a division of XXXXX which operates an innovative and growing portfolio of luxury serviced residences in prime urban locations including New York City (5); Philadelphia (3), Beverly Hills, Washington, D.C., and London.
Construction began in July 2014, the building opened for operation in June 2016 as the first luxury short term rental building in the Financial District.
XXX s working in collaboration with XXX as a co-developer in the deal. The team also includes XXX Financial as our third party fund administrator, and XXXX as the developer of the project. JD:L serves as the project operator.
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