Hotel

Crown Building’s Aman New York Conversion Continues to Progress in Midtown Manhattan

Work is continuing to progress on the Aman New York, a residential and hotel conversion of the 100-year-old Crown Building at 730 Fifth Avenue in Midtown. Originally designed by Warren and Wetmore, the 26-story structure once served as the first home of the Museum of Modern Art in the early 20th century. Now the building, which is located at the intersection of Fifth Avenue and West 57th Street, is getting a new life as a hotel and condominium property designed by Jean-Michel Gathy and developed by OKO Group.

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Gene Kaufman’s 120 Water Street Nears Completion in Financial District, Manhattan

Exterior work is nearing completion on 120 Water Street, a slender 28-story tower that will house a Hotel Indigo in the Financial District. Designed by Gene Kaufman Architects and developed by Atlas Hospitality, the 52,000-square-foot structure will yield 28 rooms managed by Fortuna Realty Group. The site is located along Water Street between Pine and Wall Streets, and is tightly wedged between two abutting buildings.

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1,646-Foot-Tall Project Commodore Deemed Appropriate by LPC, at 175 Park Avenue in Midtown East, Manhattan

The Landmarks Preservation Commission approved Project Commodore, a proposed 1,646-foot supertall skyscraper in Midtown East, at a public hearing and vote on Tuesday, February 23, 2021. New renderings further illustrate the 83-story project, which would replace the Grand Hyatt at 175 Park Avenue and rise between the 108-year-old Beaux Arts Grand Central Terminal and the 91-year-old Art Deco Chrysler Building at the corner of East 42nd Street and Lexington Avenue. Skidmore Owings & Merrill is designing and RXR Realty and TF Cornerstone are developing the project, which is set to yield 500 Hyatt hotel rooms on the upper floors spanning 453,000 square feet; 10,000 square feet of retail space on the ground, cellar, and second levels; new elevated, publicly accessible plaza space overlooking the surrounding Midtown neighborhood; and 2.1 million square feet of Class A office space.

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50 Trinity Place Climbs Toward Halfway Mark in the Financial District, Manhattan

Construction is nearing the halfway mark on 50 Trinity Place, a 28-story Hotel Indigo in the Financial District. The 77,310-square-foot tower will yield 173 hotel rooms and is designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the Lower Manhattan property in 2012 for $15 million. The site is located at the corner of Trinity Place and Rector Street, diagonally across from Trinity Church.

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