Chinatown developer plans 26-story FiDi hotel

Site is across from a DoubleTree by Hilton with nightly rates of up to $400

11 Stone Street
11 Stone Street

A Chinatown-based developer has filed plans to build a 26-story hotel at 11 Stone Street in the Financial District, according to Department of Buildings records.

The new 170-room hotel will total 56,023 square feet, the plans show. It will be designed by Brooklyn-based architect Shining Tam, whose projects include the Sheraton Hotel at LaGuardia Airport and the Excel Tower condominium at 31 Monroe Street on the Lower East Side.

The development site, a 3,623-square-foot lot between Broadway and Broad Street, currently houses a five-story, 17,425-square-foot building. It is home to Italian restaurant Ancora, which has been there since 2009.

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The site was acquired by two individuals with an address on Hester Street, Jackson Mak and Nancy Mak, for $10.2 million in 2006 and transferred to a limited liability company, Premier Emerald, in 2010. Andy Mak, seemingly a relative of Jackson and Nancy Mak, now appears to be heading up the development.

The Maks were not immediately available for comment.

A hotel opposite the site, a DoubleTree by Hilton at 8 Stone Street, commands rates of between $170 and $400 a night, depending on the size of the room and the time of year, according to its website.