The Lightstone Group

Lightstone Group Tests Waters for 244-Unit Condominium Tower at 130 William Street, Financial District

The Lightstone Group is now exploring market demand for a 244-unit condominium tower at its Financial District development site at 130 William Street. The developer is abandoning previous plans, filed in March 2015, for a 50-story residential-hotel tower, The Real Deal reported. The latest building applications at the Department of Buildings have been amended to reflect the change in plans. Although the number of units don’t match reports, the latest filings detail a 61-story, 188-unit tower with 15,373 square feet of retail across the cellar through second floors. The structure would measure 386,588 square feet and rise 750 feet in height. Goldstein, Hill & West Architects is the architect of record.



105 West 28th Street

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

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

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.


30-02 39th Avenue

First Look at 10-Story, 428-Unit Residential Building Under Development at 30-02 39th Avenue, Long Island City

Late last year, new details emerged of the 10-story, 428-unit residential building planned at 30-02 39th Avenue (a.k.a. 30-17 40th Avenue), in northern Long Island City, located directly below the 39th Avenue stop on the N/Q trains. Now, YIMBY can reveal the 39th Avenue façade of the project, thanks to a rendering posted on-site and spotted by JFBautista via the YIMBY Forums. The structure will encompass 413,138 square feet. It will have 3,181 square feet of ground-floor retail space and its residential units should average 679 square feet apiece. The units will be rental apartments ranging from studios to two-bedrooms. Its 22,000 square feet of amenities include storage space for 319 bikes, an underground parking garage, a fitness center, an entertainment room, a lounge, a gathering room, laundry facilities, a green house, and a rooftop pool and sundeck. Developer Lightstone Group secured $75 million in financing in April for the project, and recently secured $30 million more, Commercial Observer reports. Gerner, Kronick + Valcarcel (GKV Architects) is behind the design. Excavation began last November, and completion is expected in late 2017.


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