Hotel

Foundations Nearing Street Level for Aloft Hotel at 50 Trinity Place in the Financial District

Foundation work is progressing rapidly at 50 Trinity Place, as steel rebar and formwork for the sub-story levels are now reaching street level. Excavation and pilings were still ongoing at the time of YIMBY’s late-July update and now work will soon commence for the superstructure of the ground-up Aloft Hotel. Located in the Financial District at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church, the hotel is designed by Peter Poon ArchitectsFIT Investment Corporation is the developer of the project, and purchased the Lower Manhattan site for $15 million from Sam Chang in 2012.

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Gene Kaufman’s 128-Room Hotel at 120 Water Street Reaches Halfway Point in Financial District

Construction is approaching the halfway mark on the Hotel Indigo at 120 Water Street in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Development, the slim reinforced concrete building will rise with a total of 28 stories and yield 52,000 square feet with 128 hotel rooms, a cellar-level fitness center for guests, a ground-floor restaurant, and a 25th-floor venue space. Fortuna Realty Group will serve as hotel management.

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Foundation Walls Begin Formation for 487-Foot Starwood Hotel at 450 Eleventh Avenue in Hudson Yards

Excavation continues at the site of 450 Eleventh Avenue, while the first portions of the reinforced concrete foundation walls are beginning to form what will become a 487-foot-tall hotel from Starwood Hotels & Resorts Worldwide. Designed by DSM Design Group and developed by Marx Development Group, the project is located between West 36th and 37th Streets, directly across Eleventh Avenue from the Jacob K. Javits Center and just to the north of Related Companies’ Hudson Yards master plan.

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Excavation Continues for 33-Story Hotel at 255 West 34th Street in Midtown

Excavation is moving along at 255 West 34th Street, a new 33-story, 330-room hotel just across from One Penn Plaza. The Chetrit Group is developing the Midtown site with Stonehill & Taylor Architects as the architect of record. Meanwhile a new rendering for the 155,594-square-foot development has been posted at the construction site, which is situated along the southern edge of the Garment District.

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