The first floor slabs for a new Margaritavile Resort at 560 Seventh Avenue are beginning to rise above the crowded tourist-congested streets and sidewalks of Times Square. The 29-story building will sit at the intersection of Seventh Avenue and West 40th Street. Coming to the property will be a three-story restaurant, an outdoor swimming pool with plentiful seating and beach-themed motifs, and a rooftop bar called the LandShark Bar & Grill. Sharif El-Gamal of Soho Properties is developing the site along with MHP Real Estate Services. The cost to build is expected to be around $300 million.
New York City will soon be home to the world’s tallest modular hotel, an ambitious new venture by Marriott International. Designed by Danny Forster & Architecture, the 26-story AC NoMad Hotel is set to dethrone the 19-story citizenM New York Bowery Hotel as the tallest modular hotel ever pieced together.
Permits have been filed for an 41-story hotel at 140 Fulton Street in the Financial District, Manhattan. Located between Nassau Street and Broadway, the interior lot is one block from the Fulton Street subway station, serviced by the 2, 3, 4, 5, A, C, J, and Z trains. Hidrock Properties is listed as the owner behind the applications.
Permits have been filed for an 18-story hotel at 145 Bowery on the Lower East Side, Manhattan. Located between Grand Street and Broome Street, the corner lot is one block south of the Bowery subway station, serviced by the J and Z trains. It is also one block north of the Grand Street station, serviced by the B and D trains. The Lightstone Group is listed as the owner behind the applications.
Construction on the Hilton Grand Vacation Hotel has topped out at 12 East 48th Street. The 31-story project is being designed by Handel Architects and developed by Hidrock Realty. There will be a total of 161 rooms, an outdoor terrace, and ground-floor retail space. The site was part of a $47 million purchase several years ago. A reinforced concrete structure makes up the frame of the building, which will be clad with white metallic panels.