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October 2, 2023

In heart of downtown, stalled hotel project could be yours to build

Real Estate Editor

Rendering by B+H Architects [enlarge]
The site is in the center of the central business district, which still hasn’t recovered from the pandemic.

Nothing has happened for years at 1520 Fifth Ave., apart from some new graffiti and more broken windows on those two long-vacant old buildings. They sold six years ago, then also empty, for $19 million to an investment entity associated with the Al Zarooni family of Dubai, in the United Arab Emirates.

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