4650 Broadway in Inwood

Hello Living Acquires 4650 Broadway for $55 Million, Releases New Renderings

Hello Living’s first foray into Manhattan development will be a pricey one. The Brooklyn-based full-service real estate development firm announced earlier this week their plans to acquire 4650 Broadway in Inwood. If that address rings a bell, it’s because FBE Limited purchased the site this past spring from Acadia Realty Trust for $26 million. At $55 million, Hello Living paid more than twice that for 370,039 buildable square feet.

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1998 Webster Avenue, Bronx

New Construction Permits Filed for 1998 Webster Avenue in The West Bronx

New permits have been filed for a four-story hotel at 1998 Webster Avenue, in The West Bronx. Located on the corner of main thoroughfare Webster Avenue and Alden Place, this site is close to Richman Echo Park. The lot is about three blocks from the Metro-North Tremont train station, and a 10 minute walk from the Tremont Avenue subway station, serviced by the B and D trains. Samir Patel is responsible for the development, who previously filed for permits for this site in 2016.

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