Upper East Side-based developer Lexin Capital plans to build a 30-story Hyatt House, the extended-stay spinoff of the hotel brand and the first of its kind in the city, president Metin Negrin told The Real Deal. [more]
Posts Tagged ‘nobutaka ashihara’
The site of a stalled construction project at 101 West 28th Street could get new life, the blog New York YIMBY reported. New building permits have been filed to develop a 28-story hotel and residential property, which will have 152 units and stand 296 feet high. New York-based Nobutaka Ashihara is the architect on record. There are no project renderings available at this time. [more]
From left: Morris Moinian of Fortuna Realty Group and a rendering of the Soho hotel at 525 Greenwich Street
Developer Morris Moinian of Fortuna Realty Group is partnering with his 28-year-old nephew and son of developer Joseph Moinain, Matthew Moinian, to transform a vacant lot at 525 Greenwich Street in Soho into a $60 million hotel, he told The Real Deal today. Construction will begin on the project before the end of the year, he said.
Matthew, who recently graduated from law school, has not joined the family business but is rather investing in the project as an individual.
Fortuna, which bought the former parking garage site for $12.75 million at auction earlier this year, is in negotiations with various management systems to operate the hotel, Morris said, including the InterContinental brand, which operates Fortuna’s Hotel Indigo in Chelsea. … [more]