Isaac Hera is pushing ahead with his planned redevelopment of the former Watson Hotel. Barings provided Hera’s Yellowstone Real Estate Investments with a $326 million construction loan for the hotel-to-residential conversion of 440 West 57th Street, according to property records. The financing will fund the redevelopment and expansion of the Hell’s Kitchen property, which is slated to deliver 316 apartments spread across two towers. Yellowstone purchased the leasehold interest at the Watson along with the existing mortgage from HSBC in 2021 for $175 million, after Richard Born and Ira Drukier’s BD Hotels defaulted on the debt the year before.  But […]

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