Sam Chang Picks Up West 36th Street Building for $50.8M

Source: Commercial Observer

Developer Sam Chang‘s McSam Hotel Group has picked up 334 West 36th Street from the Postgraduate Center for Mental Health for $50.8 million. Mr. Chang said he doesn’t know yet whether he plans to erect a hotel or residential rental building at the site.
The sale of the property, which is between Eighth and Ninth Avenues, closed on Aug. 6 and appeared in property records today. Mr. Chang said Postgraduate Center for Mental Health, which provides mental health treatment, housing, job training and placement as well as case management services, retains the right to occupy the premises until next year. Read full story

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