Hell's Kitchen Office to 160 Units

Hershy Silberstein just landed $102 million to turn Hell’s Kitchen’s iconic Press Building into 160 luxury apartments and 40K sq ft of commercial space — a bold move that could reshape the neighborhood. Originally slated for David Werner, the deal fell through, opening the door for Silberstein to step in with S3 Capital as the first-ever lender for this type of conversion. The project will leverage the 467-m tax abatement, reserving 25% of units for low-income residents — and it’s all happening right where WeWork once stood, after a high-profile exit and dropped lawsuit. Meanwhile, Silberstein’s team is also eyeing Gowanus with an 11-story mixed-use tower, fueling Brooklyn’s post-rezoning boom. And S3 Capital? They’re not stopping there — just last month, they poured $350 million into a massive Florida mixed-use district, proving their appetite for big, bold developments is only growing. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/65c75e9be7fea879