| The planned Toyoko Inn of Japan—a low-fare hotel Downtown— appears dead. Toyoko Inn wants to sell the land and ?go elsewhere,? according to CBRE's' Josh Finley, who's been tapped by the hotel tosell its .31-acre tract at 90 Forsyth St. ?We're in the process of getting marketing material approved.? He says the company is listing the site for $1.35M, a far cry from the nearly $4M it paid Selig Enterprises for the site in 2008. (Hat tip to CRE PR guru Tony Wilbert for breaking this news on his blog late yesterday.) |
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