Real estate crowdfunding firm Prodigy Network officially applied to build its extended-stay hotel at 17 John Street, according to a permit application filed with the Department of Buildings on Monday.
Prodigy is planning to add eight stories to the existing 15-story Financial District building at the site. The building will span nearly 150,000 square feet. Prodigy bought the property for $85 million from Metro Loft Management last fall.
The project — which includes combining shared workspace with short-term rental apartments — is being supported through crowdfunding, as The Real Deal reported.
In total, Prodigy is planning to launch the concept at two NoMad locations as well as 17 John Street.
The first floor, which is currently used for retail space, will include a restaurant, office space as well as a private lounge and bar.
The plan calls for 194 units. The rooms will be a mixture of short-term and long-term hotel rooms.
Mancini Duffy is the architect of record, the filing shows. Woods Bagot Architects is the design architect.