Construction of a 419-foot-tall hotel at 140 West 28th Street in Chelsea is passing the halfway mark. Workers are currently pouring the 29th floor and getting ready to create the form work for the 30th floor. The tower is designed by Gene Kaufman Architect and is being developed by Eastern Consolidated. The property successfully secured a $121.35 million debt and equity package last year thanks to the Bank of the Ozarks and Square Mile Capital Management. There will be 526 rooms divided among a Marriott, TownePlace Suites, and Springhill Suites. Each will have its own separate lobby on the ground floor and shared common rooms.
Gene Kaufman Architect
Upcoming residential project 11 Greene Street is located in SoHo, at the corner of Greene Street and Canal Street. The building is being designed by Gwathmey Siegel Kaufman & Associates Architects and developed by Arch Companies. They took over the deal from Thor Equities and also secured a $45 million construction loan nearly one year ago. The development will eventually stand seven stories tall.
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.
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.
Permits have been filed for a 21-story hotel at 212 Pearl Street in Manhattan’s Financial District. Located at the northeast corner of Pearl Street and Fletcher Street, the proposed hotel is two blocks west of South Street Seaport, a popular tourist spot. The Fulton Street transit center is less than a five-minute walk away, serviced by the 2, 3, 4, 5, A, C, J and Z trains. George Drallios of Chaon LLC is listed as the owner behind the applications.