A new, mixed-use hotel tower has topped-out just south of Koreatown, in Manhattan, at 292 Fifth Avenue. From developer Sam Chang, the property is his second Midtown hotel currently approaching its completion date.
Located at 1225 Broadway between West 29th Street and West 30th Street and between Sixth Avenue and Broadway, a new Virgin Hotel is set to rise 476 feet above NoMad. The project will have nearly 300,000 square feet of space, with 460 hotel rooms and 90,000 square feet of retail in the tower’s podium. The building is being designed by VOA Associates and developed by the Lam Group. Sir Richard Branson of Virgin Group is in charge of the 38-story hotel management.
A new, 22-story Hyatt Centric Hotel has topped-out just a short walk from Bryant Park and Grand Central Terminal. Located at 16 East 39th Street, the hotel will include 162 short-stay rooms, a rear courtyard, along with restaurant and lounge areas positioned on both ground and rooftop levels. In total, the hotel will comprise 77,858 square feet.
While the flashing marquee lights and LED billboards of 1568 Broadway continue to brighten the crossroads of the world, the light bulbs and digital screens will one day turn off as the building prepares for demolition. Plans for the DoubleTree Suites by Hilton call for an entirely new 46-story, 550,000 square foot building dubbed TSX Broadway. The 106-year old Palace Theatre will be the only part of the original site to be preserved, structurally elevated, and integrated into the $2.5 billion dollar redevelopment. L&L Holding Company, Maefield Development, and Fortress Investment Group are the developers who purchased the site for $450 million dollars.
Construction for the Hilton Grand Vacation Hotel at 12 East 48th Street is making substantial headway, as the facade and window systems begin to take shape. The 31-story hotel is being designed by Handel Architects and will eventually contain 161 rooms, an outdoor terrace, and ground floor retail.
