Excavation has begun at the site of 450 Eleventh Avenue to clear the way for a new 531-room hotel from Starwood Hotels & Resorts Worldwide. The 487-foot-tall building will be designed by DSM Design Group and developed by Marx Development Groups. The property is located across from the Jacob K. Javits Center between West 36th Street and West 37th Street.
450 11th Avenue
With new construction permits filed last summer and demolition filings nearly a year ago, the site of 450 Eleventh Avenue is beginning to see some change. The existing low-rise buildings on the location are nearly gone as the lot gets cleared to make way for the upcoming ground-up 43-story hotel. Located across from the Jacob K. Javits Center between West 36th street and West 37th Street, the 487-foot tall building will be designed by DSM Design Group and developed by Marx Development Groups.
Yet another new high-rise is officially about to begin rising in Hudson Yards. Permits have been filed for a 43-story hotel at 450 Eleventh Avenue, across from the Jacob K. Javits Convention Center and West 37th Street. The 34th Street Hudson Yards subway station is four blocks away. Atria Builders is responsible for the permit filings, and Flushing-based Marx Development Groups will be responsible for the development.
Flushing-based Marx Development Group reacquired, for $35 million, the development assemblage at 450 Eleventh Avenue, located on the corner of West 37th Street in the Hudson Yards District, in 2013. Since then, the developer purchased 35,550 square feet of development rights for $7 million, and now new details of the planned hotel have been revealed by The Real Deal. Planned is a 42-story, 440-key Starwood Hotels & Resorts Worldwide hotel. The tower will measure roughly 213,300 square feet and will feature 3,000 square feet of ground-floor retail space. DSM Design Group is designing the project. Groundbreaking is expected later this year, and opening is slated for 2019. Two low-slung commercial buildings – at 448-452 Eleventh Avenue – must first be demolished.
Marx Development Group has acquired 35,550 square feet of transferable development rights for $7 million as they prepare to build a 39-story and 438-key hotel at 450 11th Avenue, in Midtown West. According to Commercial Observer, the building will measure 213,300 square feet, although plans have yet to be filed with the DOB. Multiple single-story commercial buildings must first be demolished, and ground breaking is planned in 2016.