Another hotel collaboration courtesy of Gene Kaufman and Sam Chang will soon begin rising in the Financial District. Construction permits for 6 Water Street have been partially approved, and the tower will stand 29 stories tall, with 249 rooms.
Back in 2008, Curbed reported on the site’s original sale, and the broker apparently had some remorse over the property’s buyer. David Johnson of Eastern Consolidated noted that “though we marketed the site widely, reaching out globally to more than 1,000 investors and developers, Sam Chang still emerged the winner.”
Evidently 6 Water Street has taken several years to get off the ground, as initial permits were also filed in 2008. Now, it appears things are actually getting underway, as a slew of construction documents are going through the approval process. A zoning diagram gives an outline of the tower’s envelope, and it will be fairly simple; at the very least, the tower’s base will meet the street-wall.
The hotel will stand 298 feet tall; though that is short by Manhattan standards, its location at the southern tip of the island will make it semi-prominent, as the site is so close to the water. It seems as though Kaufman has a rare opportunity for visibility on the skyline; hopefully it isn’t squandered with a Fisher Price facade.
No official timeline has been released, but a 2016 opening date would be a reasonable assumption.
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