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Thread: NYC Hotel News

  1. #646

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    Went by the front of that Poon thang today....at 24 stories-one more!




    I hate to say it but.....I think this one has a chance to be less than horrible.
    At 25 stories i thought it would stick out more but it doesn't.
    The surrounding buildings are only 12-14 stories but they are double height loft floors.
    This building has shorter floors so it works out to about an average height for the neighborhood.
    The setback is in alignment with the other buildings on the block and, the
    facade keeps the street wall intact (unlike Gene the hack with his setbacks).
    The make it or break it for me will be the materials used for the facade.
    Please use nice earthy bricks and not glossy McDoanald's tiles (fingers crossed)!

  2. #647

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    YES!! No setback!! Maybe this one won't be awful.

  3. #648

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    Its actually already on the 25th floors- just the bulkheads left
    Last edited by BrooklynRider; November 28th, 2007 at 02:23 PM. Reason: Removed unnecessary quote reposting photos above.

  4. #649
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    January 20, 2008

    A City That Needs More Places to Sleep

    By C. J. HUGHES

    NEW hotel developments could add nearly 3,000 rooms to the Manhattan market in 2008, a supply increase that might siphon travelers away from existing properties just as economists are forecasting an economic slowdown, or even a recession.

    But hotel owners, developers, brokers and consultants are almost uniformly shrugging off any doom-and-gloom ideas about the year ahead. The market, they agree, remains underserved, with hundreds of hotel rooms lost to recent condominium conversions in recent years.

    “It’s a nice place to live, but it’s a lousy place to visit,” said Thomas McConnell, a senior managing director at Cushman & Wakefield, the real estate services firm, referring to Manhattan’s number of hotel rooms. Even 10,000 new rooms “wouldn’t wreck things,” he added. “It would normalize them,” he said, “because we’re undersupplied.”

    According to industrywide estimates, Manhattan room rates are expected to rise by an average of 8 percent over last year, to around $320 a night, while per-room revenue is expected to grow 7 percent, on average. (In 2007, revenue jumped by a record 15 percent, according to PKF Consulting.)

    Industry analysts say demand for the hotels opening this year will continue to come from European travelers who are taking advantage of favorable currency exchange rates. At the same time, analysts are also expecting that more American tourists will choose New York over European destinations like Paris, also because of the weak dollar.

    Many of the nearly two dozen expected hotels in Manhattan — some new construction, some the renovation of existing buildings — will abut residential neighborhoods, while others will be in areas that historically have had few available accommodations.

    Some of these areas, freshly scrubbed and revitalized, are emerging as trendy, like the Bowery, where the new 21-story Cooper Square Hotel is expected to open this summer. The $100 million project will include three bars, a restaurant and a small park. There will be 145 rooms, with 315 to 700 square feet each, according to Matthew Moss, a principal of the Peck Moss Hotel Group, its New York-based developer. Room rates have not been set, he said.

    A few blocks to the southeast, on Allen Street on the Lower East Side, comes another gleaming high-rise hotel, Thompson LES. The $80 million, 21-story tower is expected to open in March, according to Michael Pomeranc, the developer. Its 170 rooms, measuring 350 to 1,700 square feet, will start at $300 a night, he said.

    In TriBeCa, the Greenwich Hotel, from the actor Robert De Niro, will offer 88 rooms in a brick-faced building at North Moore and Greenwich Streets.

    Midtown Manhattan will have several hotels coming on line as well. In August, there will be three from McSam Hotel LLC on West 39th Street: a Holiday Inn Express, with 210 rooms; a Candlewood Suites, with 188 rooms; and a Hampton Inn, with 186 rooms, according to Beth Loetterle, a spokeswoman for McSam Hotel, which is based in Great Neck on Long Island. The company is also developing a 113-room Wyndham Garden hotel, at 20 Maiden Lane in Lower Manhattan that is scheduled to open by April, she said.

    Also this year, the refurbished Plaza Hotel near Central Park is set to open.

    Although most of its 460 rooms will be sold as apartments, this 19-story structure will also offer 130 traditional hotel suites, to be run by Fairmont Hotels and Resorts.

    And in October, Hyatt Hotels will introduce its Andaz line at 75 Wall Street in the financial district, offering 250 rooms in a converted office tower, according to Ben Hakminian, a principal of the Hakminian Organization, its developer.

    Taken together, these properties will add only about 3,000 rooms — a drop in the bucket in terms of supply in Manhattan, which has about 65,000 rooms, said John A. Fox, a senior vice president at PKF Consulting, whose clients include developers.

    Overall occupancy rates have hovered around 85 percent for the last few years, versus around 65 percent nationwide, Mr. Fox said; the high rate suggests that many guests are often turned away. He added that it would take about 10,000 additional rooms in a short period to balance the supply-and-demand equation. (About 46 million people visited New York City last year, about 6 percent more than in 2006, according to the city’s tourism agency.)

    It typically takes about three and a half years for a new hotel to move from conception to ribbon-cutting, and hotel developers can be known for changing their minds about how to most profitably use a property.

    “A lot of hotels are announced and not all are built,” Mr. Fox said. “Many are gleams in the eyes of developers.”

    But then again, the pendulum could swing the other way. In the late 1980s, for example, Times Square sites that now house the Doubletree Guest Suites, the Crowne Plaza and the Renaissance New York were initially considered for offices, according to Mr. McConnell at Cushman & Wakefield.

    What also fluctuates is the availability of financing; in the early part of this decade, hotel developers “were at the bottom of the food chain,” Mr. Fox said. He said that banks had considered hotels to be too risky, preferring instead to lend money for residential developments, which have long-term leases.

    ALTHOUGH the current credit crisis has dealt a blow to some developers, analysts said they knew of no hotel projects in New York City that have been scuttled outright. Still, locking in loans for future projects has become trickier, said Michael Yanko, the chief executive of Horizen Global, a developer based
    in New York.

    His Zuri, a 178-room hotel that is expected to break ground this spring on West 23rd Street in the Flatiron District, had to turn to European banks to underwrite the $135 million project after many American investors balked, Mr. Yanko said. To be designed by the architect Carlos Zapata, who also designed the Cooper Square Hotel, the 24-story structure will have a 40-foot-long glass-bottomed Jacuzzi cantilevered over the sidewalk, he added.

    In the meantime, Horizen is focused on completing its Vu Hotel, inside a 17-story converted former printing plant at 11th Avenue and West 48th Street, to be run by the Kimpton hotel chain with rates starting at $400 a night, Mr. Yanko said. The $140 million project is to open in June.

    Mr. Yanko dismisses any concerns about a recession this year, thanks to the steady influx of foreign visitors. “The whole world will be able to afford to come here then,” he said.



    Copyright 2008 The New York Times Company

  5. #650

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    99 Washington Street--Poof! Sam Chang Strikes Again!

    Next On The Chopping Block: 50 Trinity Place

    by Chris Shott | January 25, 2008


    Chris Shott.
    99 Washington Street, before and after.

    Ravenous hotel developer Sam Chang continues to devour buildings in the Financial District.

    Just a month ago, 99 Washington Street, site of Mr. Chang's forthcoming 350-room Holiday Inn, was still standing--albeit shrouded in a death-black curtain (pictured left).Over the past several weeks, crews have dismantled almost the entire building (right).

    Next up to come down: 50 Trinity Place, just one block away, site of an unnamed 186-room McSam hotel. (The demolition permit was issued Jan. 12.)
    Both hotels are scheduled for Mid 2009 opening

    Copyright 2008 The New York Observer

  6. #651
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    That Sam Chang bastard is tearing down 50 Trinity Place.

  7. #652

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    I agree. He sucks.

  8. #653

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    Poon thang update






    from the back

  9. #654

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    There's a new building application out at 260 Twelfth Avenue, for a 66 story hotel, 828 feet, designed by SOM. It'll be an impressive addition to the skyline being almost directly on the waterfront. It is on the site directly south of the railyards and is being developed by the Georgetown Company; co-developers of the IAC building.

    There are 2 other towers along 29th Street that have started up...in the 35 story range.
    Hopefully the 1000'+ Girasole and 800' Holl Tower will begin rising soon too.

    http://a810-bisweb.nyc.gov/bisweb/Jo...llnumbhous=260

  10. #655
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    That is very big news! It should have its own thread.

    Anyway, let's hope that SOM gets creative here and not give us another box.

  11. #656
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    The permits filed has O'Hara as the architect.

    Chetrits Mull Hotel North of Empire State Building



    6 East 37th Street.


    byEliot Brown | February 19, 2008

    The enigmatic Chetrits, who abandoned a plan to convert the International Toy Center building to condos last year, seem to be planning a hotel three blocks north of the Empire State Building.

    The Chetrit Group has filed an application for a building permit that lists a planned 29-story hotel at 6 East 37th Street, a site adjacent to the column-lined former Tiffany & Co. building at 401 Fifth Avenue, also owned by the Chetrits.

    The group paid $9 million for the five-story commercial building on the site four years ago, picking it up from Stahl Real Estate, according to property records.

    The Chetrits, notoriously press-shy, did not return requests for comment.

    Copyright ©, The New York Observer, L.P.

  12. #657

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    Hotelier Sam Chang Snags Another Site.

    by Chris Shott
    Yesterday, 4:40 pm

    PropertyShark.com
    6-12 Water Street

    Voracious hotel developer Sam Chang has acquired yet another piece of Manhattan.

    City records show that Mr. Chang's Great Neck, N.Y., company has paid $27 million for a building at 6-12 Water Street.

    According to PropertyShark.com, the 21,000-square-foot building includes a two-story McDonald's -- quite appropriate for the McSam gang.

    Copyright 2008 The New York Observer.

  13. #658

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    A never-ending nightmare. We can kiss this design goodbye.
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  14. #659
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    The nightmare won't be ending. The man's getting richer and richer (at the expense of the city's appearance).

    He's now even turning around and buying out some of Trump's businesses: Chang bets big on Trump Entertainment.

  15. #660

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    It's sad that the filthy schmuck Chang will raze another beautiful building. He sucks.

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