The Hotel Bossert, a historic Brooklyn Heights property, has been acquired by SomeraRoad for $100 million and will undergo transformation into residential apartments. This once-luxury hotel has seen extensive renovation challenges since its purchase in 2012, with several ownership changes and significant financial setbacks. Originally constructed in 1909, the building is well-known for its rich history, including hosting the Brooklyn Dodgers' 1955 World Series celebration. The transition from a hotel to residential space marks a new chapter for this iconic landmark, ending a long saga of stalled redevelopment.
"The Hotel Bossert, a historic icon in Brooklyn Heights, will be transformed from a luxury hotel into residential apartments after its recent $100 million acquisition by SomeraRoad."
"After years of renovation struggles and multiple ownership changes, SomeraRoad finally acquired the Hotel Bossert, bringing new hope for the landmark after a decade of stagnation."
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