☞ DWELL: Former L-Hostel Exchanges Ownership

Curbed just posted the link to the story that the former L-Hostel building at ACP/7th Avenue and 118th was just sold for $19.5 million to a new developer: LINK. Most might remember that this development was originally Lotta Condominiums a few years back but the owner converted the prewar building into a popular youth hostel when the market soften.  Last year saw the closing of that said hostel because of zoning issues and now the building is slated to be a mixed used condo, rental and commercial building. Price per square foot will apparently start around the $650 to $700 range.  We always like outdoor seating out front so let's hope they find someone to maximize the sidewalk dining element on the boulevard.  More details in on this building can be found in the Real Deal article: LINK