Earlier this year, the Manhattan-based developer bought 17 John Street from Metro Lofts with the intention of transforming it, along with 84 William Street, into an extended-stay hotel. This fall, the firm announced that it wants to crowdfund $31 million of the project through equity investors in $100,000 increments – a model that allowed the firm to raise $171 million for a skyscraper in South America.
According to Curbed, the developer is currently in the process of filing permits with the city Department of Buildings. But if approved, the Winka Dubbeldam-designed glass topper will add a rooftop pool and an undisclosed number of units. [Curbed] – Christopher Cameron