Cha-chang! Sam Chang’s McSam Hotel Group just sold a Chelsea development site for almost double what it paid for the property about a year ago. Magna Hospitality Group paid Chang’s firm $113 million for 140 West 24th Street, according to city records filed on Thursday. McSam had bought the site from Extell Development for $61 million in October 2017. Extell had acquired the two adjacent pieces of the site, occupied by two commercial buildings, in […]
source https://therealdeal.com/2019/01/03/magna-hospitality-buys-chelsea-development-site-for-113m/
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