A $3.5 billion initiative to reshape and redevelop an industrial wasteland on the Eastern edge of The Bronx has reached the final stages of negotiations, and could soon begin construction. Known formally as Fordham Landing, the property is located between the Harlem River and the Major Deegan Expressway, immediately adjacent to the University Heights Bridge.
Permits have been filed for a 25-story hotel at 319 West 35th Street in Hudson Yards, Manhattan. Located between 8th Avenue and 9th Avenue, the interior lot is one block north of 34th Street-Penn Station, serviced by the A, C, and E trains. Wei Hong Hu under the H Hotel LLC is listed as the owner behind the applications.
New York-based Gene Kaufman’s design studio is responsible for more than 50 hotels and dozens of commercial properties across New York City. Together with Onboard Hospitality, LLC, Kaufman’s latest project is currently under construction at 36 West 38th Street in Midtown, Manhattan, and will debut as Jade Hotel.
Excavation work is underway at 50 Trinity Place in the Financial District, where a ground-up, 28-story Aloft Hotel will soon rise. The upcoming reinforced concrete building will yield 173 rooms and 77,310 square feet of newly built space. Plans also call for a ground-floor restaurant adjacent to the lobby, as well as a fitness center on the second floor and seven to eight rooms per floor up to the last occupiable level. Peter Poon Architects is the designer of the tower while FIT Investment Corporation is the developer. The site was previously purchased for $15 million from Sam Chang in 2012.
Black shrouds and scaffolding have gone up over 1568 Broadway’s lower floors as crews begin the process of removing its Times Square-facing billboards and marquees. Meanwhile, workers are beginning to gut the interiors of the 470-foot-tall tower ahead of its imminent demolition. Built in 1990, the current DoubleTree hotel will eventually make way for a new 46-story DoubleTree Suites by Hilton. The proposed 550,000-square-foot development, which will be called TSX Broadway, will preserve of the 106-year-old Palace Theatre by raising it three stories up from the ground floor, making way for retail space. The $2.5 billion project is being developed by L&L Holding Company, Maefield Development, and Fortress Investment Group. The site was previously purchased for $450 million.