A slender, 26-story hotel that’s planned for Downtown Brooklyn could claim the crown of Brooklyn’s tallest modular hotel.
The Motto by Hilton will replace a single 33-foot wide townhouse at 88 Schermerhorn Street, and rise over 300 feet, making it the borough’s first high-rise modular hotel.
The Brooklyn property is slated to be the first Motto-branded hotel in the city, an “affordable luxury” micro-hotel brand launched by Hilton in 2018, the company confirmed.
August 4, 2023
400 new affordable apartments were announced for the Financial District this past week. Roughly a third of the new buildings at 5 World Trade Center, will be set aside for middle- and working-class New Yorkers, with 80 of those apartments earmarked for people who lived and worked near the old World Trade Center as well… Read more »
May 22, 2023
“The mortgage refinancing boom is over, but its impact will be seen for decades to come”. Fed data shows that about 14 million mortgages were refinanced during the pandemic period starting in March 2020. Some 64% were considered “rate refinances,” or homeowners looking to take advantage of lower borrowing costs. Average savings totaled about $220… Read more »
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