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WhyHotel opens Front & Wall Street

Mixed-use building operator WhyHotel, in partnership with The Rudin Family, launched its first property in New York City: Front & Wall Street, operated by WhyHotel.

Situated in NYC's Financial District, Front & Wall Street will operate under the Hospitality Living business arm of WhyHotel with both long-term residents and nightly stay guests in fully furnished accommodations. WhyHotel will open to guests on Nov. 1.  

Located at 110 Wall Street, WhyHotel's newest property is a former office building, the majority of which was converted to apartment-style units in 2015. Today, the building has just more than 200 units and includes amenities like a seventh-floor terrace with outdoor grill and kitchen, fitness center with a spin studio, guest laundry room with ping pong and pool tables and community kitchens.

WhyHotel will operate the building as a mix of short-term guest stays and longer-term resident leases. 

"New York City is a market that we've had our eyes on for a long time now," WhyHotel CEO and Co-founder Jason Fudin said. "Our partnership with the Rudin Family is an exciting opportunity to reinvigorate a building that is incredibly well designed to bring together hospitality and home in a way we expect to become commonplace in the U.S. over time. The Rudin Family, as they have often been in real estate, is at the cutting edge of this trend. I can't think of a better place than the heart of FiDi, where people come from around the globe, to launch this product." 

"As a company that owns and manages more than four million square feet of residences across New York City, we are constantly striving to enhance the tenant experience and evaluate new ways to provide our residents with best-in-class services and amenities in the city's top neighborhoods," said Ray Houseknecht, SVP and head of multifamily at Rudin Management Company, the operating arm of Rudin Family holdings. "This partnership with WhyHotel at 110 Wall Street will allow us to offer prospective renters a flexible and convenient short term or extended-stay housing option in the heart of the Financial District."