The Real Deal New York

180 Orchard hotel plans scrapped

February 03, 2010 11:30AM

Developer Morris Platt’s planned hotel-residential-retail development for 180 Orchard Street on the Lower East Side is going through some growing pains, according to the Lo-Down blog. The stalled project has reentered negotiations with the Department of Buildings, according to Sion Misrahi of Misrahi Realty, the firm responsible for leasing the development’s planned commercial space. At the moment, Morris Platt has opted to scrap the hotel plans and make the space all residential, with a commercial ground floor, according to Misrahi, who said that banks were reluctant to finance a hotel project. The final hurdle to DOB approval for the project, is overcoming community opposition. But with the erstwhile hotel planned scrapped, Misrahi said he’s optimistic that the project may garner more support as an apartment building.

One Response to “180 Orchard hotel plans scrapped”

  1. May 29, 2018 at 7:53 pm, Brookfield nears deal to buy the Hotel Indigo for $160M | Juspost NewsHub said:

    […] at 171 Ludlow Street (also known as 180 Orchard Street) for $46.4 million in 2011 from developer Morris Platt, and completed construction of the 26-story building by […]