The first several floors have been constructed for the new Hotel Indigo at 120 Water Street in the Financial District. The ground-up project is designed by Gene Kaufman Architects and developed by Atlas Development. Fortuna Realty Group will serve as hotel management. The slim building will rise 28 stories between Wall Street and the East River, and will yield 52,000 square feet with 128 rooms, a cellar-level fitness center, a ground-floor restaurant, and a 25th-floor venue space. The project broke ground in 2017 and progress has been slow until recently.
Construction is slow going at Hotel Indigo, which broke ground in 2017 and is still on the rise in Manhattan’s Financial District. However, new renderings from The Rinaldi Group reveal a hyper-modern, vibrant facade, a series of stacked outdoor areas for guests, and a yellow-bottomed venue space near the apex of the building.
A rendering has been revealed of the 24-story, 122-key Hotel Indigo planned at 120 Water Street, in the Financial District, by the Commercial Observer. The new building will encompass 51,600 square feet and guest amenities will include a fitness center, a restaurant & bar on the ground floor, a rooftop bar & lounge on the top floor, and bike storage space in the cellar. The hotel rooms should average 360 square feet apiece. Long Island-based Atlas Hospitality is the developer and Gene Kaufman’s SoHo-based architectural firm is the architect of record. Since YIMBY’s report on the planned hotel in December of 2014, the project has shrunk from 31 stories and 150 rooms to 24 stories and 122 rooms. The project also has a different developer and architect. The 36-foot-wide, 2,877-square-foot assemblage is currently occupied by four- and five-story mixed-use buildings. Demolition permits were filed in November of 2015. Completion of the new hotel is scheduled for the spring of 2018.