{"id":1004050448,"date":"2012-09-21T06:03:54","date_gmt":"2012-09-21T14:03:54","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=69966"},"modified":"2020-04-10T09:15:27","modified_gmt":"2020-04-10T17:15:27","slug":"the-bronx-manhattan-welcome-marriott-branded-hotels-frank-reilly-joins-avison-young-nyc-as-principal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-bronx-manhattan-welcome-marriott-branded-hotels-frank-reilly-joins-avison-young-nyc-as-principal\/","title":{"rendered":"The Bronx, Manhattan Welcome Marriott-Branded Hotels; Frank Reilly Joins Avison Young NYC as Principal"},"content":{"rendered":"<p style=\"text-align: justify;\">By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/09\/Marriott-Hotel-Bronx-NYC.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-69968\" title=\"Marriott Hotel Bronx NYC\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/09\/Marriott-Hotel-Bronx-NYC.jpg\" alt=\"\" width=\"300\" height=\"149\" \/><\/a>The first Marriott hotel operating under the Residence Inn brand is set to open in the Bronx in 2014 inside a 370,000-square-foot mixed-use complex known as Metro Center Atrium, part of the 42-acre, multi-building Hutchinson Metro Center. A Simone Development Companies venture, the Atrium will also include offices, medical spaces, restaurants and retail spaces. The seven-story extended-stay hotel will sport 125 upscale guest rooms.<\/p>\n<p style=\"text-align: justify;\">Additionally, another Marriott-branded luxury hotel opened last week in Manhattan\u2019s Central Park South at the former Jumeirah Essex House\u2014a 40-story, 509-room facility that until recently was owned by DIG EH Hotel LLC of Dubai. As previously reported by <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/mid-atlantic\/nycs-essex-house-sells-to-strategic-hotels-for-362m\/\">Commercial Property Executive<\/a>, the gross purchase price paid by a joint venture of Chicago-based Strategic Hotels &amp; Resorts and an affiliate of KSL Capital Partners LLC was $362.3 million. Work is expected to begin shortly on an $18.3 million renovation.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/09\/Frank_Reilly.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-69970\" title=\"GEDSC DIGITAL CAMERA\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/09\/Frank_Reilly.jpg\" alt=\"\" width=\"194\" height=\"210\" \/><\/a>In further commercial real estate news, Frank Reilly (pictured right) joined Avison Young\u2019s New York City office as a principal, effective immediately. With more than 25 years of experience in the commercial real estate investment and finance market, Reilly will work closely with Principal David Eyzenberg to grow the company\u2019s debt and equity services platform while focusing on construction loans, permanent loans, mezzanine debt, preferred equity and joint ventures.<\/p>\n<p style=\"text-align: justify;\">Prior to joining Avison Young, Reilly served as a principal at NY Urban, a regional mortgage banking firm. Prior to that, he was a managing director of Newmark &amp; Company\u2019s capital group and a national director of the institutional services group for Marcus &amp; Millichap.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.multihousingnews.com\/news\/market-snapshot-vacancies-and-rents-at-extremes-in-manhattan-new-development-slowly-materializes\/1004058091.html\" target=\"_blank\" rel=\"nofollow\"><strong>Click here<\/strong><\/a> for more market data from New York City.<\/p>\n<h6 style=\"text-align: justify;\"><em>Rendering of\u00a0Metro Center Atrium credits to\u00a0Newman Design Group via PR News<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>The first Marriott hotel operating under the Residence Inn brand is set to open in the Bronx in 2014 inside a 370,000-square-foot mixed-use complex known as Metro Center Atrium, part of the 42-acre, multi-building Hutchinson Metro Center. A Simone Development Companies venture, the Atrium will also include offices, medical spaces, restaurants and retail spaces. The seven-story extended-stay hotel will sport 125 upscale guest rooms.<\/p>\n","protected":false},"author":1269,"featured_media":1004507025,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[],"class_list":["post-1004050448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Bronx, Manhattan Welcome Marriott-Branded Hotels; Frank Reilly Joins Avison Young NYC as Principal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/the-bronx-manhattan-welcome-marriott-branded-hotels-frank-reilly-joins-avison-young-nyc-as-principal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Bronx, Manhattan Welcome Marriott-Branded Hotels; Frank Reilly Joins Avison Young NYC as Principal\" \/>\n<meta property=\"og:description\" content=\"The first Marriott hotel operating under the Residence Inn brand is set to open in the Bronx in 2014 inside a 370,000-square-foot mixed-use complex known as Metro Center Atrium, part of the 42-acre, multi-building Hutchinson Metro Center. 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