Hotel developer Sam Chang of McSam Hotel Group has just broken ground on a 114-key hotel at 324 West 44th Street, and YIMBY has a first look at the development, which will be a Marriott TownPlace Suites.
Artist Jeff Koons has acquired the three-story commercial building at 624 West 52nd Street, near the Hudson River in Hell’s Kitchen, for $12.7 million. Koons also owns the lots at 620-622 West 52nd Street, after picking them up this past May for a total of $11 million. The assemblage boasts nearly 50,200 square feet of development potential, although plans for the properties are not known.
BLDG Management Company has landed a $254 million construction loan for their planned mixed-use project spanning 212-222 East 44th Street, in Midtown East, per Commercial Observer. YIMBY reported on the project’s design competition earlier in 2015, and a 42-story, 429-unit building is planned, with 87 apartments to be set aside as lottery-allocated housing. On the ground floor, 7,160 square feet of retail space is planned.
Hotel developers have started flocking to the transit-rich and industrially zoned area around Queensboro Plaza, but it looks like the hotel boom has moved north towards the Astoria borderlands. New building applications were filed today for a nine-story hotel at 12-02 37th Avenue in Long Island City, at the edge of the neighborhood’s Industrial Business Zone.
Earlier this week, YIMBY revealed the planned nine-story, 175-key Hoxton Hotel at 97 Wythe Avenue, in northern Williamsburg, and now the project’s designer, Perkins Eastman, sent along updated renderings showing slight tweaks in the façade. The 59,910 square-foot building will include some form of restaurant operations on the terraced second floor and the roof. Sydell Group is developing, and the site’s former single-story structure was demolished in late 2014.
