Foundation work is taking shape at 150 West 48th Street, the site of a 974-room hotel in Times Square. The 300,216-square-foot structure is designed by Gene Kaufman Architect and developed by Sam Chang of McSam Hotel Group, which purchased the property from Rockefeller Group in early 2019 for $140 million, and received a $250 million construction loan before breaking ground. Located between Sixth Avenue and Seventh Avenue, the project will be one of the largest hotels in the city when complete.
A 22-story Hyatt Centric hotel in Midtown, Manhattan is on track to open this summer according to a recent update from the project team. The new building is located at 16 East 39th Street and will debut as Hyatt Centric 39th & 5th once a Certificate of Occupancy is issued by the Department of Buildings.
A new Le Meridien Hotel at 292 Fifth Avenue is expected to reach full completion in October 2020. The 187-key hotel topped out at 21 stories in 2019 and is one of the latest projects developed in collaboration by McSam Hotel Group and Gene Kaufman Architect.
Excavation has begun at 150 West 48th Street in Midtown, site of 974-room hotel designed by Gene Kaufman Architect. The 330-foot-tall, 34-story project is being developed by Sam Chang of McSam Hotel Group, who purchased the lot for $140 million from Rockefeller Group in early 2019 and secured a $250 million construction loan. Rooms will occupy a total of 300,216 square feet, for an average of 308 square feet apiece.
The brick envelope of 292 Fifth Avenue is reaching the final stories of the 21-story mixed-use hotel. Designed by Gene Kaufman Architect and developed by Sam Chang, the project is located between West 30th and 31st Streets on the border of both Koreatown and NoMad. The property is set to yield 16 residential units and a hotel operated by Le Meridien.