"Despite the current economic fluctuations affecting the market, the Moinian Group and W Hotels are dedicated to the success of this development," says Moinian Group president Joseph Moinian in a release. He adds that Downtown "continues to be underserved by hospitality options" and the W project "is poised to fill this need."
With its exterior design by Gwathmey Siegel & Associates Architects and interior design by Graft, the 400,000-square-foot 123 Washington project has garnered more than $100 million in pre-sales on its , according to a release. A new on-site sales and welcome center is slated to open in October, with SHVO handling exclusive marketing and sales for the property.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
