The subject property is located in TriBeCa one of the most exclusive neighborhoods in America and just 2 blocks from the new Four Seasons Hotel and Residences. The site is directly across City Hall Park which results in protected views of both the East and Hudson rivers in addition to the downtown and uptown Manhattan skyline. The site has approximately 50 feet of frontage along Broadway and is expected to be redeveloped into a mixed-use 45-story building with a boutique hotel at the base and for sale residential condos above. The 109-room boutique hotel is expected to be affiliated with a nationally branded hotel company. The hotel component is expected to offer a lobby lounge, an outdoor garden, and guest registration on the lobby level; a three-meal food and beverage outlet on the 2nd floor, guestrooms located on the 3rd through 14th floors, as well as the 16th and 17th floors; and an amenity level located on the 15th floor featuring a gym, a spa, and an outdoor terrace. The amenity space will benefit hotel guests and residents. The residential component will be located on the 19th through 45th floors. All of the units will have private outdoor space in the form of a terrace or balcony. In total, the proposed development will contain ±153,720 square feet of above grade gross building area.