Developer John Lam has closed on 1227 Broadway for $16 million, Crain’s reported, acquiring the final bit of real estate needed before he embarks on a $300 million hotel project planned for the Fashion District. Last year, Lam Group, Lam’s firm, purchased the neighboring buildings at 1205 and 1225 Broadway for $72 million. He now owns the entire block fronting on Broadway, between East 29th and East 30th streets, and plans to build both a [more]![]()
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