Developer Teddy Li recently secured financial backing from Madison Realty Capital to facilitate completion of a new 240-key Staybridge Suites hotel in Long Island City. Located at 38-59 11th Street, the development will comprise approximately 183,000 square feet and top out at 24 stories.
New permits reveal a 116-key hotel in development at 38-59 11th Street, in Long Island City, Queens. When complete, the building will comprise 54,164 square feet and rise to a final height of 16 floors and 179 feet. Filings also mention an enclosed parking volume for 31 vehicles.
Back in July of 2015, YIMBY reported on applications for a new hotel at 88 Walker Street, on the southwestern edge of Chinatown. Now, work has begun on the site, and we have the reveal for the building that is about to replace the empty lot.