MOXY Hotel

105 West 28th Street

Excavation Work Underway for 35-Story, 343-Key Moxy Hotel at 105 West 28th Street, Chelsea

4:00 pm on June 30, 2016 By Reid Wilson

Excavation is well underway for the 35-story, 343-key Moxy hotel planned to rise at 105 West 28th Street, on the western side of Chelsea. A photo of the recent excavation work has been posted to the YIMBY Forums by JC_Heights. The 410-foot-tall tower will encompass 145,344 square feet. Hotel rooms will be located on the fourth through 32nd floors, while guest amenities will round out the building’s remaining space. Amenities include a fitness center, a food market on the ground floor, a lounge and meeting rooms on the second, two rear yard terraces, and a sky-lounge with a restaurant on the 34th floor. The Lightstone Group is developing, and Stonehill & Taylor Architects is behind the design. The project had been delayed because a tower of its size required air rights to be transferred from around the block.

112-120 East 11th Street

85,000 Square-Foot, 300-Key MOXY Hotel Planned At 112-120 East 11th Street, East Village

2:00 pm on May 25, 2016 By Reid Wilson

This morning, we had hotel news for you. Now, we have more. In April, Lightstone Group acquired, for $127 million, a six-building, 181-unit residential portfolio for that comprises of 112-120 East 11th Street and 85 East 10th Street, in the East Village. The developer is currently planning to build a 85,000-square-foot, roughly 300-key boutique hotel at 112-120 East 11th Street, according to The Real Deal. Marriott International’s MOXY Hotels will be the operator. The five-story buildings at 112-120 East 11th Street currently contain 75 residential units across five buildings and are expected to be demolished. The other six-story, 106-unit building at 85 East 10th Street will remain and is expected to be sold off. The April acquisition was financed with an $85 million loan. The five apartment buildings at 112-120 East 11th Street represented $52.1 million, while the six story property at 85 East 10th Street traded for $75.4 million.

485 Seventh Avenue

Financing Secured For 16-Story, 618-Key Hotel Conversion At 485 Seventh Avenue, Garment District

4:00 pm on January 18, 2016 By Reid Wilson

In March of 2015, the Landmarks Preservation Commission approved alterations that would go into converting the 16-story, 235,000 square-foot office building at 485 Seventh Avenue, at the corner of West 36th Street in the Garment District, into a boutique hotel. The property, an individual landmark, was completed in 1907 as the Mills Hotel No. 3, a male-exclusive, 1,885-unit single-room occupancy residential hotel. The Lightstone Group is planning to convert the property into a 618-key MOXY Hotel by Marriott, and Commercial Observer reports $330 million in financing was secured for the project. Retail space and a restaurant will be located each on the ground and second floors. Stonehill & Taylor Architects is the architect of record.

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