February 27, 2026
An unlikely player has entered Midtown’s Roosevelt Hotel redevelopment: President Donald Trump and the federal government. As first reported by Reuters last week, the United States government's General Services Administration (GSA) signed an agreement with Pakistan, which owns the iconic but shuttered hotel at 45 East 45th Street, to jointly redevelop, renovate, operate, and maintain the property. The pact, negotiated by New York real estate developer and Trump special envoy Steve Witkoff, marks a surprising turnaround for the project, which returned to the drawing board last week after Pakistan restarted its search for a broker and financial advisor, according to The Real Deal.
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