Exterior work is nearing completion on 120 Water Street, a slender 28-story tower that will house a Hotel Indigo in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Hospitality, the 52,000-square-foot structure will yield 28 rooms managed by Fortuna Realty Group. The site is located along Water Street between Pine and Wall Streets, and is tightly wedged between two abutting buildings.
Recent photos show the gray façade paneling on the lower half of the hotel approaching the main setback. The panels are mostly covered in temporary protective plastic film and surround the columns of windows and double-height openings on the northern end of the front profile. The upper half of 120 Water Street looks largely finished with only minor details remaining around the rectangular cantilevering platform on the final level, as well as on the mechanical extension holding the wooden water towers.
Amenities for hotel guests include a cellar-level fitness center, a ground-floor restaurant, and a 25th-floor venue space, which is noted by the protruding balcony. The nearest subways are the 2 and 3 trains at the Wall Street station, accessible via the nearby interior public atrium at 60 Wall Street to the west. The J and Z trains are also a short walk away, located in front of the New York Stock Exchange at the intersection of Broad Street and Wall Street.
Below is a rendering of the hotel’s initial design, revealing the simplification the project has undergone in terms of color palette and texture, as well the removal of architectural details such as the yellow cross braces and diagonal ground-floor columns.
A formal completion date for 120 Water Street has not been publicly announced. We can speculate that the Hotel Indigo will be finished sometime later this year given the majority of work appears close to being done.