Developers of this National Historic Landmark secured financing last year and have recently begun the next stage of rehabilitation.
The New York City Economic Development Corporation funded and oversaw the restoration of the facade, and then selected the Dermot Company to pursue the interior development.
Dermot, in partnership with the Poulakakos family, will build a 67-room boutique hotel and rooftop restaurant on top of the existing building and restore the Great Hall for public use.
