Magna Hospitality Group


6 Water Street

29-Story, 250-Key Hotel Building Tops Out at 6 Water Street, Financial District

Since being eight stories in height when YIMBY checked in last October, the 29-story, 250-key hotel under development at 6 Water Street — located at the corner of Moore Street in the Financial District — has topped out. The construction progress can be seen thanks to a photo posted to the YIMBY Forums. The latest building permits indicate the 298-foot-tall structure measures 125,684 square feet. Guest amenities at the hotel will include storage for 10 bikes, a fitness center, a coffee shop, and a restaurant on the second floor. The hotel rooms will begin on the third floor. The hotel operator is not yet known. Magna Hospitality Group is the developer and Gene Kaufman’s SoHo-based architectural firm is responsible for the design. Since the majority of the hotel’s façade is already installed, completion later this year wouldn’t be surprising.


6 Water Street

29-Story, 249-Key Hotel Finally Rising At 6 Water Street, Financial District

In February of 2014, YIMBY reported on filings for a 29-story, 249-key hotel at 6 Water Street, in the Financial District, and later that year, revealed an on-site rendering of the project, which is being designed by Gene Kaufman. Courtesy of a YIMBY reader, photos confirm the building is finally rising, and it’s now one floor above street level. Rhode Island-based Magna Hospitality Group is developing, after acquiring the site from prolific hotel builder Sam Chang last year for $44.3 million. Signage indicates an anticipated completion date of this coming winter, though that would seem unlikely.


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