Hilton Garden Inn coming to West 42nd Street along with more retail improvements

The 282-room hotel rising at 136 West 42nd Street will be branded a Hilton Garden Inn, the New York Post reported as it continues to track development along the block between Sixth and Seventh avenues.

Construction has begun on the mid-priced hotel, which is being developed next door to FelCor’s Knickerbocker Hotel by a joint venture of Highgate Holdings, Crown Acquisitions and Ashkenazy Acquisitions. Once construction is complete in 2014 Highgate will sell the hotel portion to Diamond Rock Hospitality for $445,000 per room. However, it will maintain control of the 25,000 square feet of retail space coming to the first floors of the structure.

Sign Up for the undefined Newsletter

Other improvements to the Post’s closely-watched block include the repositioning of 36,000 square feet of retail space at the MetLife building at 1095 Sixth Avenue, the creation of a 50,000-square-foot underground shopping shopping center where a subway entrance now stands, a new public plaza directly west of the 22,500-square-foot retail box on the block, and 10,000 square feet of retail space becoming available at the Knickerbocker. [Post]