NEW YORK, July 14, 2021 (Newswire.com) - David Shorenstein, a Hildreth Real Estate Advisors (HREA) principal, recently finalized the purchase of a new property in Chelsea. The sale of 209 7th Ave was made final in June of 2021, making this HREA's third acquisition within the past 50 days.
HREA has high hopes for this new property and intends to continue as a mixed-use property. Hildreth will retenant the retail space with a new restaurant concept. HREA intends to keep the apartments as part of the property.
David Shorenstein and HREA are based in New York City and have been working hard to make effective real estate decisions since 2019. By focusing on New York City, HREA has been able to impact the landscape of the city positively, ensuring that the local charm and style remain untouched.
David Shorenstein and Jason Breitstone originally founded HREA. Currently, they have acquisitions in New York, Los Angeles, and Florida. However, HREA is actively seeking further expansion — as evidenced by its rapid purchase rate. The ultimate goal is to expand its portfolio and properties simultaneously, which now includes 209 7th Ave, Chelsea.
Source: Hildreth Real Estate Advisors