Hotel

86 Trinity Place

Investor Purchases Stake At Planned 14-Story, 156-Key Hotel & Retail Conversion At 86 Trinity Place, FiDi

Clarion Partners has purchased a 70 percent stake in the vacant 14-story, 182,000 square-foot American Stock Exchange Building at 86 Trinity Place, in the Financial District. Clarion payed $105 million to GHC Development, and the developer plans to convert the former office building into commercial-retail and a 156-key hotel. Retail space will be located from the ground floor through the fifth floor, while the hotel will be located on the upper floors. A restaurant will be built on the sixth floor. The building’s floor area will technically be expanded, thanks to expansions on the fourth floor, the addition of a fifth floor, and enlargements towards the top of the building. David Nicholson’s Hell’s Kitchen-based SBLM Architects is the architect of record. [The Real Deal]


Rendering of the TWA Flight Center Hotel. Via MCR Development.

Developer Begins City Review Process For TWA Flight Center Hotel at JFK Airport

The TWA Flight Center at John F. Kennedy International Airport has been out of commission for 14 years, but if all goes according to plan, it will welcome a new slew of visitors starting in just a few years. MCR Development is planning to redevelop the landmarked 1962 Eero Saarinen building into the TWA Flight Center Hotel. It got approval from the Port Authority of New York and New Jersey in September, but yesterday announced that it is commencing the city’s Uniform Land Use Review Procedure, or ULURP.

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660 Madison Avenue

Partial Residential & Hotel Conversion For 22-Story Building At 660 Madison Avenue, Lenox Hill

The Safra family’s JSRE Acquisitions has filed applications to convert part of the 22-story, 475,000 square-foot mixed-use commercial building at 660 Madison Avenue, in Lenox Hill between East 60th and 61st Streets, into residential and hotel units. Beginning on the 10th floor, there will be 54 dwelling units added in total. The hotel portion will be located from floors 10 through 15, although it’s not specified how many of the 54 dwelling units will be part of the hotel. Regardless, the remaining units will be residential and will be located throughout floors 10 through 22. Roof terraces already exist on many of the floors and the top two floors will consists of duplex units.

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284 East Oakdene Avenue

Ceremonial Groundbreaking For 13-Story, 350-Key Hotel At 284 East Oakdene Avenue, Teaneck, New Jersey

Over the summer, news broke of the planned 13-story, 350-key dual-brand hotel set to rise at 284 East Oakdene Avenue, in southern Teaneck, New Jersey, located immediately off exit 70 on the New Jersey Turnpike. According to Real Estate Weekly, Alfred Sanzari Enterprises recently held a ceremonial groundbreaking at the site, which is located adjacent to the Glenpointe commercial complex. The 147-foot-tall hotel will feature a Hampton Inn & Suites and Homewood Suites, both to be operated by Hilton. One hotel will be geared towards short-term guests while the other will accommodate extended-stay guests. A completion date has not been given, but excavation work is now imminent.


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