Hotel

New Details of 42-Story, 440-Key Starwood Hotel Planned at 450 Eleventh Avenue, Hudson Yards District

10:00 am on April 20, 2016 By Reid Wilson

Flushing-based Marx Development Group reacquired, for $35 million, the development assemblage at 450 Eleventh Avenue, located on the corner of West 37th Street in the Hudson Yards District, in 2013. Since then, the developer purchased 35,550 square feet of development rights for $7 million, and now new details of the planned hotel have been revealed by The Real Deal. Planned is a 42-story, 440-key Starwood Hotels & Resorts Worldwide hotel. The tower will measure roughly 213,300 square feet and will feature 3,000 square feet of ground-floor retail space. DSM Design Group is designing the project. Groundbreaking is expected later this year, and opening is slated for 2019. Two low-slung commercial buildings – at 448-452 Eleventh Avenue – must first be demolished.

Rendering of The MC Hotel. Credit: BOGZA

Groundbreaking Held for The MC Hotel in Montclair, New Jersey

7:00 am on April 20, 2016 By Evan Bindelglass

A northern New Jersey community is getting its first new full-service hotel since the last one closed in 1938. On Tuesday, a groundbreaking ceremony was held for The MC hotel in Montclair. That’s in Essex County.

Construction Wraps on 30-Story, 317-Key Courtyard Marriott Hotel at 133 Greenwich Street, Financial District

11:00 am on April 18, 2016 By Reid Wilson

It was in March of 2015 when YIMBY last brought you a construction update on the 30-story, 317-key Courtyard Marriott under development at 133 Greenwich Street, in the Financial District. At the time, the project was 18 stories above street level. Since then, the structure has topped out and has received much of its façade elements, as seen in photos by Tectonic. The building’s windows are all in place and paneling is currently being installed on its southern face. In all, the building measures 151,282 square feet. There will be retail space on the ground floor, with the hotel taking up the rest of the building. A fitness center will be located in the cellar, followed by a restaurant on the sixth floor, and a rooftop bar and terrace on the 28th floor. Hidrock Properties is the developer, while Danny Forster Design Studio being responsible for the design, with Peter Poon Architect serving as the architect of record. Completion can be expected later this year.

Site Cleared for 17-Story, Mixed-Use Building at 41-10 Crescent Street, Long Island City

4:15 pm on April 15, 2016 By Vitali Ogorodnikov

The 30,102-square foot lot between 41-02 and 41-10 Crescent Street, under the permit address of 41-08 Crescent, has been cleared for construction of an 189-foot-tall, 17-story mixed-use residential and hotel project. It is being developed by Forte Italia LLC, with Bayside-based Park Side Construction Builders serving as the general contractor. Dan Ionescu Architects is in charge of the design. The site is owned by Flushing-based TPEC Management. Completion is anticipated in 2020.

1164 Wheeler Avenue in 2012. photo by Christopher Bride for PropertyShark

Hotel Planned for 1164 Wheeler Avenue in Soundview, Bronx

7:00 am on April 14, 2016 By Rebecca Baird-Remba

Last year, residential development in the South Bronx was booming. This year, builders are looking at their future tax bills – without the 421-a tax break – and realizing that it’s safer and cheaper to build hotels than apartments.

859 Sheridan Avenue, photo by Christopher Bride for PropertyShark

Permits Filed: 859 Sheridan Avenue, Hotel in Concourse Village

7:30 am on April 12, 2016 By Rebecca Baird-Remba

The South Bronx is suddenly booming with development, from affordable housing to market-rate rentals. But there are also plenty of hotels in the works, particularly in the area around Yankee Stadium. Last week, we spotted plans for an 11-story hotel at 859 Sheridan Avenue, between 159th and 161st streets in Concourse Village

Reveal for Eight-Story, 67-Unit Apartment-Hotel at 138-142 Bowery, Little Italy

6:30 am on April 11, 2016 By Reid Wilson

Back in September of 2015, YIMBY reported on applications for an eight-story, 67-unit apartment-hotel at 138-142 Bowery, in Little Italy. Now, Bowery Boogie has revealed renderings of the project and has reported that demolition of the site’s existing two- and three-story structures has been completed. The new building will encompass 53,088 square feet, and will host 46 hotel rooms and 21 residential units. There will be commercial-retail space on the cellar, ground, and mezzanine levels, so it’s difficult to estimate the size of the hotel rooms. The apartments will span the sixth through eights floors and should average a rental-sized 658 square feet apiece. Emmut Properties is the developer and New Jersey-based Schneider Associates is serving as the applicant of record. Completion is expected in 2017. The developer closed on the development assemblage last October for $47 million.

Six-Story, 195-Unit Apartment-Hotel Under Construction at 1100 Corporate Drive, East Garden City

2:00 pm on April 7, 2016 By Reid Wilson

The Beechwood Organization is developing a six-story, 195-unit apartment-hotel on a vacant plot of land on the western end of Meadowbrook Point, a 720-unit senior residential community they recently finished at 1100 Corporate Drive, in Nassau County’s East Garden City. According to Real Estate Weekly, the building, dubbed The Vanderbilt, will host 178 residential units and 17 hotel suites. The residential units will be rental apartments, coming in studio, one-, and two-bedroom configurations. Amenities include an English garden, a fitness center, a yoga room, a library, entertainment rooms, a café, meeting rooms, and a private courtyard featuring a pool and restaurant. Stonehill & Taylor Architects will be designing the interiors. The foundation was recently laid, and construction is expected to finish in late 2018.

32-Story, 300-Key Hotel and Retail Complex Filed at 255 West 34th Street, Garment District

6:00 am on April 6, 2016 By Reid Wilson

In December of 2014, YIMBY revealed Cornell Realty Management’s plans for a 17-story, 180-key hotel at 245-247 West 34th Street, in Midtown’s Garment District. Those plans have since been discarded, as Cornell and Chetrit Group have divided up their 34th Street assemblage into two separate ownerships. Earlier this year, Cornell announced plans to build a four-story retail complex at 257-263 West 34th Street, and now Chetrit has filed applications for a 32-story, 300-key hotel building at 243-255 West 34th Street. The new building will encompass 155,594 square feet, of which 122,426 square feet will be used as commercial space.

Developer Plans 1,000-Unit-Plus Mixed-Use Project At 450 Broad Street, Newark

10:00 am on March 28, 2016 By Reid Wilson

New York-based Lotus Equity Group has acquired the Bears and Eagles Riverfront Stadium at 450 Broad Street, in Downtown Newark, for $23.5 million, NJ Advance Media reports. The 6,014-seat stadium (and presumably the four-story parking garage to the south), located two blocks from the New Jersey Transit’s Newark Broad Street station, is expected to be demolished to make way for a mixed-use tower. The development could accommodate between 1,000 and 1,500 residential units and will contain commercial spaces. The commercial uses haven’t been finalized yet, but plans include a possible hotel and retail space. A construction timeline has not been disclosed. The baseball stadium was construction only 17 years ago.

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