The developers behind a fast-selling Gramercy condo project are making their next play across town.  T&E Development closed on a development site at 538-542 29th Street for $33.5 million. Einav Gelberg and Tomer Erlich’s firm is planning 76 condo units at the site, which sits between 10th and 11th avenues on the border of West Chelsea and Hudson Yards.  BHI Bank financed the purchase. The developers bought the site from PPHE Hotel Group, a publicly-traded company in Europe, which had previously acquired the site for $42 million with plans to build a 74,000-square-foot 98-key hotel and 55-unit condo.  The price […]

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