YIMBY last did an article on 338 West 39th Street back in August 2015. Sam Chang, a well-known hotelier in New York City, purchased the 50-foot-wide site for $22,500,000, though permits list Brarone Management as the developer behind the address. Stephen B. Jacobs Group is the designer of the 25-story hotel part of Pestana Hotels, a Portugal-base company. The site is located in Midtown, Manhattan between Eight and Ninth Avenues near a number of other hotel chains that have popped up in the past several years.
338 West 39th Street
In April, YIMBY revealed the Pestana Hotel planned for 338 West 39th Street, the latest commercial venture from prolific hotelier Sam Chang. Now new building applications have been filed to erect a 25-story hotel on the lot between Eighth and Ninth Avenues.
Yesterday, The Real Deal reported on an eviction controversy surrounding 338 West 39th Street, which is a site that will soon yield a new hotel. Now, YIMBY can reveal the design of the new building coming to the lot, which is being developed by the Portuguese hotel group Pestana Hotels.