Located at 143 Fulton Street in the Financial District, the new 364-foot-tall and 298-room Moxy hotel is almost complete, with the final exterior finishes underway at the base of the tower. Two entrances to the building are located on Fulton Street and Ann Street, and up above, the project features a dark glass facade atop a four-story podium. SLCE Architects is the architect, while the developer of the nearly 129,000 square foot property is Tribeca Associates. Interiors are being done by Stonehill & Taylor.
While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.
Located between Penn Station and Times Square, Marriott International and developer Sam Chang have partnered on another high-rise hotel property in Midtown, Manhattan. The final product is currently under construction at 337 West 36th Street and is expected to top-off at 23 stories.
New York hotelier Sam Chang and Marriott International partnered in 2016 to introduce several new ground up hotels around the city. Now, construction on one of two dual-branded properties has picked up between Eighth and Ninth avenues, at 338 West 36th Street.
Local developer Sam Chang has completed another hospitality project in Midtown West, located at 324 West 44th Street. Based in Long Island City, McSam Hotel Group is one of the largest hotel developers in New York City with over 20 properties across the five boroughs.