Kaufman’s Latest 45-Story Hotel at 140 West 28th Street Revealed, Receives $121 Million for Construction Funding, Chelsea

140 West 28th Street, rendering by Gene Kaufman140 West 28th Street, rendering by Gene Kaufman

Eastern Consolidated has secured a $121.35 million debt and equity package for 140 West 28th Street, a 45-story, 526-key hotel set to rise in Chelsea. The deal is comprised of two sources, which are $97.5 million for the mortgage with Bank of the Ozarks, and $23.85 million for mezzanine construction by Square Mile Capital Management.

This will mark the 10th hospitality capital package that Eastern Consolidated, under the guidance of Sam Chang, has secured in the last two years, raising nearly three-quarters of a billion dollars.

The 419-foot tall structure will yield 178,000 square feet, with a 1,500 square foot public arcade, a fitness center, meeting rooms, dining room, and two lobbies. Two separated branches within the Marriott Brand, the TownePlace Suites and the Springhill Suites, will use the structure. They will have separate lobbies and shared common areas.

The development replaces a parking lot. Plenty of destinations are just a block away, with highlights including the FIT Campus, Penn Station, Madison Square Garden, Hudson Yards District, and the High Line.

As always, architect Gene Kaufman has designed something that certainly conforms to zoning. Beyond that, aesthetically, the building offers nothing else.

Opening is expected by the end of 2019.

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TFC Horizon

11 Comments on "Kaufman’s Latest 45-Story Hotel at 140 West 28th Street Revealed, Receives $121 Million for Construction Funding, Chelsea"

  1. Welcome Home (David) | January 5, 2018 at 8:12 am | Reply

    Please pardon me for using your space: How about yellowish-white color on wall?

  2. Steve Hartstein | January 5, 2018 at 10:09 am | Reply

    Just dreadful. The man is a blight on the city.

  3. I would have expected nothing less. Nothing less

  4. I wonder why this is allowed on this street. The street was such a gorgeous block of small flower shops now this is the 5th cookie cutter hotel on the block. The traffic on the block is crazy, forcing the flower shops out of business. The light on the lower buildings is disappearing. Why are so many ugly hotels going up on one block?

  5. This is an absolutely horrible looking building – budget driven to be sure. Even at that, couldn’t something more compelling have come off the drawing board? GEEZ!

  6. Another of Kauffmans ugly ducklings. He charges cheap fees and gives cheaper design

  7. Another example of Kaufman Kookie Kutter design…..

  8. Don't worry about it | January 9, 2018 at 2:54 pm | Reply

    This guys license should be revoked.. filling New York with s*** design

  9. I love these “renderings” which make the street look so wide and a plaza across the street. It is tragic that this last block of the garden district is being overrun by cheap looking enormous buildings which are truly out of scale with the surroundings. I live by the motto “the only thing constant is change” but this is blight. I am sure some day all of Manhattan will be huge buildings but lets try to save some of the hidden charm that is left.

  10. Another ‘prison-camp” hotel on a block where there is already 6! Bad neighbor from the get-go as they were busted for work 17 hours a day, 7 days a week WITH A REVOKED WORK PERMIT! Disgraceful! How much money did these developer sink into Mayor DeBlasio’s PAC fund…ala Chelsea Hotel crooks???

  11. The building is a Fiasco. How does the City allow this crap to be built. The Flower District is being killed. What a nightmare for this block which now sinks under the weight of Eight of these cheep crappy hotels. (Sorry Moxy, you’re actually great!). And Marriott: SHAME ON YOU. This is the best you can do??? JESUS.

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