Back in 2014, Hidrock Realty Inc. acquired, for $47 million, the collection of five- and six-story commercial buildings at 12-14 East 48th Street and 13 East 47th Street, in Midtown, located between Fifth and Madison avenues. At the time, the developer planned to construct a residential tower, but new building applications have now been filed for a 31-story, 161-key hotel. The building will measure 115,924 square feet in its entirety and will contain ground-floor retail space. The hotel rooms will be located on the third through 29th floors, and guest amenities are to include a courtyard on the ground floor, a fitness center, a lounge with a pantry, storage for bikes, and a terrace on the second floor. Financial District-based Handel Architects is the architect of record. The permit indicates the seven-story commercial building at 16 East 48th Street is also part of the development assemblage. Demolition permits are currently on file for the buildings at 12-14 East 48th Street and 13 East 47th Street.
Sam Chang’s Great Neck, N.Y.-based McSam Hotel Group has closed, for $27.1 million, on a 99-year ground lease of the 7,454-square-foot property at 523-529 Eighth Avenue, in the Garment District section of Midtown. Located on the corner of West 36th Street, the lot is currently occupied by a single-story, 7,400-square-foot retail building with five commercial units, according to The Real Deal. The site can accommodate up to 74,540 square feet of commercial development. Neither demolition permit nor new building permits have yet been filed with the Department of Buildings. It’s not known when the tenants’ leases expire, and plans for the site have not been disclosed. The property owner is Joseph P. Day Realty Corporation.
Most buildings try to hide their skeletons behind masonry or some other opaque element. At 53W53, however, showing the bones off is a design feature. Thanks to some photos taken by our friend Tectonic, we can now see some of the exoskeleton at the Jean Nouvel-designed tower. The overall structure has now risen about four stories above ground.
It’s been a decade since Thor Equities demolished the iconic Revere Sugar Refinery on the Red Hook waterfront. Now, they’ve finally filed plans for a five-story office building on the huge lot at 270 Richards Street, between Van Brunt and Dwight streets.
Although we’d love to see more residential development in downtown Jamaica, much of the new construction in the eastern Queens neighborhood is tied to hotels and tourism. The latest new hotel is coming to 97-26 147th Place, on a lot a few blocks south of the Jamaica LIRR station.