A new, mixed-use hotel tower has topped-out just south of Koreatown, in Manhattan, at 292 Fifth Avenue. From developer Sam Chang, the property is his second Midtown hotel currently approaching its completion date.
Located at 1225 Broadway between West 29th Street and West 30th Street and between Sixth Avenue and Broadway, a new Virgin Hotel is set to rise 476 feet above NoMad. The project will have nearly 300,000 square feet of space, with 460 hotel rooms and 90,000 square feet of retail in the tower’s podium. The building is being designed by VOA Associates and developed by the Lam Group. Sir Richard Branson of Virgin Group is in charge of the 38-story hotel management.
A new, 22-story Hyatt Centric Hotel has topped-out just a short walk from Bryant Park and Grand Central Terminal. Located at 16 East 39th Street, the hotel will include 162 short-stay rooms, a rear courtyard, along with restaurant and lounge areas positioned on both ground and rooftop levels. In total, the hotel will comprise 77,858 square feet.
While the flashing marquee lights and LED billboards of 1568 Broadway continue to brighten the crossroads of the world, the light bulbs and digital screens will one day turn off as the building prepares for demolition. Plans for the DoubleTree Suites by Hilton call for an entirely new 46-story, 550,000 square foot building dubbed TSX Broadway. The 106-year old Palace Theatre will be the only part of the original site to be preserved, structurally elevated, and integrated into the $2.5 billion dollar redevelopment. L&L Holding Company, Maefield Development, and Fortress Investment Group are the developers who purchased the site for $450 million dollars.
111 West 57th Street is nearing the upper section of its topmost residential and mechanical floors. With a height to width ratio of 24:1, the SHoP Architects-designed tower will soon become the most slender building in the world. It is the 2nd-tallest skyscraper under construction in New York City, and will soon climb to an 1,438-foot-high pinnacle between Sixth and Seventh Avenues. The supertall is being developed by JDS Development and Property Markets Group, and Douglas Elliman is in charge of sales and marketing for the 46 condominiums within.
