The DoubleTree Suites by Hilton has long been located at the intersection of 7th Avenue and West 47th Street. But in a few more years, the soon-to-be former hotel will house Times Square’s newest project, a nearly $2.5 billion redevelopment by L&L Holding Company, Maefield Development, and Fortress Investment Group. With the site purchased for $450 million, they plan to demolish the existing hotel and create a new 550,000 square foot and 46-story skyscraper, dubbed TSX Broadway. Plans also integrate the 105-year old Palace Theater. Approved by the Landmark Preservation Commission in November 2015, the historic structure will be lifted from its foundations and placed 30 feet above street level.
Construction of 215 Pearl Street has largely gone unnoticed but has made significant progress. Since our last update in July of 2016, the building has topped out, façade installation is all but complete, and construction of the five-story reflective lobby is underway. The 39-story structure will be adding 320 hotel rooms to the Financial District neighborhood thanks to the developers, the Lam Group.
Construction on the Virgin Hotel at 1225 Broadway has reached yet another milestone. Since we last checked in May, the building has more than doubled in height, and is nearly two-thirds of the way to topping out 38 floors above street level. The project is being developed by the Lam Group and is part of a larger trend of new hotel towers in the NoMad area near the Empire State Building.
Permits have been filed for a nine-story mixed-use building at 37-00 24th Street in Astoria, Queens. The site is eight blocks away from 36th Avenue subway station, serviced by the N and W trains. Lin Jieng Zhang is listed as responsible for the development.
Permits have been filed for a 13-story mixed-use building 137-61 Northern Boulevard in Flushing, Queens, which will include a 244-key Westin Hotel. Century Development signed an agreement in late 2016 with Starwood Hotels & Resorts to build the Westin as part of the project. George Xu will be responsible for the development.