In February of 2014, YIMBY reported on filings for a 29-story, 249-key hotel at 6 Water Street, in the Financial District, and later that year, revealed an on-site rendering of the project, which is being designed by Gene Kaufman. Courtesy of a YIMBY reader, photos confirm the building is finally rising, and it’s now one floor above street level. Rhode Island-based Magna Hospitality Group is developing, after acquiring the site from prolific hotel builder Sam Chang last year for $44.3 million. Signage indicates an anticipated completion date of this coming winter, though that would seem unlikely.
6 Water Street
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Interesting. That corner was devastated by the Hurricane Sandy flood. If you look back at Google street view, you can see the shuttered McDonald’s (corner)and the adjoining deli (also now demolished) that abutted the also damaged Verizon central office. I guess those stores never reopened- and that was probably one of the factors that led to the property sale.