Moinian files plans for new Midtown hotel

TRD New York /
Mar.March 01, 2011 09:11 AM

Joseph Moinian is barely hanging onto several of his existing properties, but the Iranian-born developer is still gearing up to build in New York. According to the Post, Moinian has filed plans with the Department of Buildings to tear down the vacant, five-story building at 237 West 54th Street and put a 34-story Gene Kaufman-designed hotel in its place — right next door to a 67-story Marriott Hotel planned by Harry Gross’ Broadway Granite Development. Moinian’s demolition application has already been approved, though the DOB is still reviewing the hotel plans. A representative for Moinian said the site is in “very preliminary” stages, and that the only work being done there so far is cleanup. Moinian had been seeking a joint venture partner for the site last year with the help of Marcus & Millichap, but the brokerage is no longer working on the project. Meanwhile, as The Real Deal reported yesterday, Moinian is facing a foreclosure lawsuit at rental apartment tower 100 John Street, where he defaulted on his $93 million mortgage. [Post]


Related Articles

arrow_forward_ios
181 Varick Street (Credit: Google Maps)

Claremont Companies buys Soho Marriott for $59M

Union Square W Hotel at  201 Park Avenue South (Credit: Wikpedia)

Marriott buys Union Square W Hotel

OYO Hotels CEO Ritesh Agarwal and OYO Townhouse in Dallas, Texas (Credit: OYO Hotels and Getty Images)

Indian hotel startup to launch in NYC, LA with $300M US investment

Lyric founders Andrew Kitchell and Joe Fraiman and a Lyric-managed unit in Houston

Startups and hospitality giants are embracing “apartment hotels”

Marriott to enter home-sharing business

Marriott to enter home-sharing business

Miami-based firm enters California market with $85.7M Marriott hotel acquistion

Miami-based firm enters California market with $85.7M Marriott hotel acquistion

MIAMI, FLORIDA, UNITED STATES - 2017/04/27: Marriott Hotel Sign or Logo. Upper floors with railings in balconies in white building. (Photo by Roberto Machado Noa/LightRocket via Getty Images)

How Marriott plans to collect an extra $400M in revenue a year

With huge refi, Moinian to take complete control of 3 Columbus Circle

With huge refi, Moinian to take complete control of 3 Columbus Circle

arrow_forward_ios