Construction is now several floors above street level at 50 Trinity Place, a forthcoming Aloft Hotel in the Financial District. The project is designed by Peter Poon Architects and is being developed by FIT Investment Corporation, which purchased the property for $15 million eight years ago. Located at the intersection of Trinity Place and Rector Street, the site is located just to the north of 77 Greenwich Street.
Earlier this year, the Landmarks Preservation Commission reviewed proposals from BKSK Architects to renovate and convert the historic Margaret Louisa Home in Union Square into a hotel. The design team returned to the LPC with updated proposals following feedback and criticism of the original designs. Located at 16 East 16th Street, the six-story Margaret Louisa Home was completed in 1891 and included 78 bedrooms, parlor and reception rooms, private and public dining spaces, and laundry facilities for over 100 women who lived in the building.
Work is moving along on 120 Water Street, a topped-out, 28-story project from Gene Kaufman Architects and Atlas Hospitality in the Financial District. The 52,000-square-foot building will contain a Hotel Indigo with 128 rooms managed by Fortuna Realty Group.
The Joyland Group and local design studio Archimaera have collaborated on proposals to construct a 26-story mixed-use hotel and office development in Brooklyn’s South Williamsburg neighborhood. The forthcoming project will take shape at 107 South Sixth Street where a four-story commercial building currently stands.
A new iteration of the redevelopment of the Hotel Pennsylvania has surfaced from Vornado. The design has been updated from the one that debuted last year, which placed Facebook as the anchor tenant of a 2.8-million-square-foot supertall. Located at 401 Seventh Avenue, the site of the deteriorating hotel was first re-envisioned by Pelli Clarke Pelli as 15 Penn Plaza, and then re-conceived by Rafael Vinoly as “Penn15”. Facebook subsequently took up residence at another Midtown building, the James A. Farley Post Office conversion, leasing 700,000 square feet, evidently resulting in yet another re-imagination of the site and its potential.