DJC is reporting that construction will begin in late summer on the 41-story Potala Tower, the apartment & hotel project at 2116 Fourth Ave. The 577K sq. ft. tower is expected to be include 350 apartments, 150 hotel rooms, restaurant space and 200 below-grade parking stalls. The project was previously known as Cinema Tower with a focus on Hollywood-style living capped with an outdoor movie theater. No word on whether or not that survives the rebranding.
· Dargey Development preparing to start 41-story tower this year [DJC]
· Cinema Tower [Weber Thompson]