Aloft Hotel and Apex Condos coming this fall

We’d read that the new Aloft Hotel was hiring, but we hadn’t heard much about the Apex Condos that are going to share the same building. Curbed gave us an update last week. The offerings will be “studios, from 476 to 595 square feet, 1BRs between 660 and 879 square feet, 2BRs from 1,180 to 1,431 square feet, and 3BRs between 1,699 and 1,767 square feet.” Prices will range from the mid $300Ks to just over a million. Sales are expected to start in the fall.

We’re wondering if opening a major hotel in Harlem will cut into the smaller B&B’s market in Harlem?  What do you think?