Lightstone Group Plans a Hotel for Millennials at 112 East 11th Street in the East Village

112-120 East 11th StreetPre-demolition 112-120 East 11th Street. Photo via Commercial Observer

The Lightstone Group is pushing forward with plans to knock down five tenement buildings in the East Village and replace them with a hotel that caters to millennials. The controversial developer filed applications last Friday for a 13-story hotel at 112 East 11th Street, between Third and Fourth avenues.

Plans call for 311 rooms squeezed into 78,361 square feet of commercial space, for a typical room of about 250 square feet. The hotel will also feature a restaurant and lounge in the cellar and first floor, a fitness center on the second floor, and another restaurant on the top floor. Marriott’s young, hip hotel brand, Moxy, will run it.

Stonehill and Taylor Architects will handle the design.

Lightstone picked up the assemblage for $127 million in April and filed plans to demolish four of the five buildings last month. One of the buildings, 85 East 10th Street, won’t be part of the project. The Midtown East-based builder is using its air rights for the hotel and plans to sell the 121-unit building, which made up $75.4 million of the original purchase price.

Preservation groups also tried to save the old apartment buildings at 112-120 East 11th Street, but the LPC didn’t respond to their requests for a hearing on the properties.

This is just one of four hotels that Lightstone hopes to open in Manhattan in the next few years. The firm is working on a 618-key Moxy hotel near Times Square and a 36-story, 343-key hotel on West 28th Street in Chelsea.

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TFC Horizon
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1 Comment on "Lightstone Group Plans a Hotel for Millennials at 112 East 11th Street in the East Village"

  1. With hotel on 13-story in the project, whatever that developer think to build I totally agree. (and support)

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