Funding

Funding Needed
$1,172 (Mio)
EB5 Funding
$200 (Mio)
Amount Subscribed
$200 (Mio)
EB-5 Investors
400
Investment Amount
$500,000

Jobs

Category
Accommodation and Food Services
Sub-Category
Hotels (except Casino Hotels) and Motels

Location

State
New York
Location
701 7th Ave, New York, NY 10036

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701 TSQ


Developer Name
The Witkoff Group (TWG)

Project Description

New York City’s Times Square is the number one retail and travel destination in the world, attracting an unprecedented 300 million annual visitors and generating annual retail and entertainment sales revenue in excess of $4.8 billion. The first, and likely the last, new construction project in Times Square in 25 years, 701 TSQ will enter the market to offer hotel, retail and restaurant space, as well as the largest interactive LED sign in the state.

The project features a 452-room EDITION hotel, designed by Ian Schraeger, 40,000 square feet of highly visible food, beverage and entertainment space, 76,000 square feet of multi-floor retail and a 12-foot high, 18,000 square foot LED display.

 

Project Status

Fully Subscribed

Construction in Progress

I-924 Exemplar Approved

I-526 Petitions Approved


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