Financing Secured For 16-Story, 618-Key Hotel Conversion At 485 Seventh Avenue, Garment District

485 Seventh AvenuePresent-day 485 Seventh Avenue, photo via the LPC

In March of 2015, the Landmarks Preservation Commission approved alterations that would go into converting the 16-story, 235,000 square-foot office building at 485 Seventh Avenue, at the corner of West 36th Street in the Garment District, into a boutique hotel. The property, an individual landmark, was completed in 1907 as the Mills Hotel No. 3, a male-exclusive, 1,885-unit single-room occupancy residential hotel. The Lightstone Group is planning to convert the property into a 618-key MOXY Hotel by Marriott, and Commercial Observer reports $330 million in financing was secured for the project. Retail space and a restaurant will be located each on the ground and second floors. Stonehill & Taylor Architects is the architect of record.

485 Seventh Avenue

485 Seventh Avenue, rendering via Lightstone Group

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