Fortuna Realty

Exterior Work Continues on 30 West 39th Street in Midtown, Manhattan

Exterior work is progressing slowly at 30 West 39th Street, a 323-foot-tall hotel tower in Midtown, Manhattan. Designed by Peter Poon Architects and developed by Fortuna Realty, the 27-story structure will yield 133,500 square feet and 330 rooms. Leeding Builders Group, LLC is the general contractor for the property, which is located between Fifth and Sixth Avenues, a block south of Bryant Park.

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24-30 West 39th Street

27-Story, 299-Key Hotel Building Filed at 30 West 39th Street, Midtown South

Fortuna Realty Group has filed applications for a 27-story, 299-key hotel at 30 West 39th Street, in Midtown South. The project will encompass 133,523 square feet and rise 323 feet to its roof. A restaurant and an outdoor bar will be located on the ground and second floors, followed by hotel rooms across the fourth through 26th floors. Nobutaka Ashihara’s Financial District-based firm is the architect of record. The 8,662-square-foot assemblage, at 24-30 West 39th Street, is occupied by four four-story commercial buildings. Demolition permits were filed last year.


139 Orchard Street

Developers Acquire Stalled 16-Story, 98-Key Hotel Project at 139 Orchard Street, Lower East Side

In 2011, D.A.B. Group defaulted on the mortgage for their 16-story, 98-key hotel project at 139 Orchard Street, located on the Lower East Side. The developer eventually lost control of the site and abandoned construction on the structure, although the building topped out before work stopped. The latest development is that Fortuna Realty Group and Elk Investors won an auction to acquire the stalled-out project for $30.75 million, The Real Deal reports. Buildings applications indicate the hotel will measure 39,064 square feet. The new owners plan to finish construction on the building as a hotel. Completion is expected sometime in 2017.


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