Construction is approaching the halfway mark on the Hotel Indigo at 120 Water Street in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Development, the slim reinforced concrete building will rise with a total of 28 stories and yield 52,000 square feet with 128 hotel rooms, a cellar-level fitness center for guests, a ground-floor restaurant, and a 25th-floor venue space. Fortuna Realty Group will serve as hotel management.
Photos show the superstructure wedged between two adjacent buildings and to the east of the 745-foot-tall, 55-story 60 Wall Street, designed by Kevin Roche. The project broke ground in 2017 and progress has only picked up speed this year.
Work on the curtain wall has yet to commence, and might not begin until 120 Water Street tops out. The hotel will climb almost as high as the Holiday Inn next door, and will feature an angled setback on the upper portion of the structure. The building’s dark blue exterior will certainly make it stand out from the more traditional stone and masonry aesthetics of the surrounding neighborhood.
One of the most prominent features of the hotel is a bright yellow-colored cantilever at the very top that will likely hold some sort of outdoor balcony space. The lower portion also contains several double-height open-air spaces for hotel guests on the northern corner. Below the setback three thin X-shaped crosses will span four levels each, directly in front of the floor-to-ceiling windows along Water Street.
Completion of 120 Water Street is expected sometime next year.