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Steven Witkoff: “I Believe in New York City”

NEW YORK CITY-In a talk at a Real Estate Lenders Association event, the developer walked the audience through some of the back story in several projects across the city.

By remstaff | Globe Street | | Updated on October 28, 2013

NEW YORK CITY-Members of the Real Estate Lenders Association got a glimpse inside the mind of a developer on Monday, at a breakfast in Midtown East, when Steven Witkoff, chairman and CEO, the Witkoff Group, was interviewed on stage by Michael Stoler, managing director, Madison Realty Capital.

In a wide-ranging discussion, Witkoff revealed some of the thinking behind numerous projects currently being worked on by his firm. First up was 701 Seventh Ave., a massive mixed-use project that’s slated to include a 500-room hotel. “This property was always going to be mixed-use, and the hotel was the key to the deal,” he said. Also included in the hotel is 50,000 square feet of meeting space/food and beverage operations.

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