Yellowstone Real Estate Investments, led by Isaac Hera, filed plans for a 422-unit residential conversion at 1730 Broadway in Midtown West. The firm acquired the 520,000-square-foot building from Blackstone for $186 million. BKSK Architects is listed as the project architect, and the conversion is expected to cost $34.7 million. Yellowstone has been actively acquiring distressed properties, including the Maxwell hotel and the New Yorker Hotel. Midtown Manhattan is seeing increased office-to-residential conversions, with projects from Apollo Global Management, SL Green Realty, and Rudin Management also in the works.
Yellowstone Real Estate Investments
