Chetrit Group files demo plans at former hotel site in Midtown South

New York /
Aug.August 28, 2012 06:00 PM

The Chetrit Group has filed plans to demolish a three-story building that the real estate developer purchased earlier this year as part of a three-building parcel including the adjacent hotel known as King & Grove New York.

Chetrit Group filed plans with the city’s Department of Buildings on Thursday to tear down the 20-foot wide townhouse at 33 East 29th Street, between Madison and Park avenues, but has not filed plans for a building to replace it.

The family-owned Chetrit Group, based in Midtown, bought the parcel along with the adjacent hotel at 29 East 29th Street (formerly known as the Hotel Lola), and another attached property at 32 East 30th Street from the Rockpoint Group on May 31 for $116 million, city property records show.

It is unclear exactly how many square feet the building has available for development. The 12-story King & Grove hotel building, known early in the 20th century as the Martha Washington Hotel — it was the first New York hotel built to house professional women — was opened in 1903 and was landmarked in June.

In 2009, developer ESPAIS New York filed plans to build an 81,113 square-foot, hotel tower rising 30 or 32 floors over several low-rise townhouses, including 33 East 29th Street, but the company could not get the additional owners to sell, Andres Hogg, of ESPAIS said.

The Chetrit Group did not return a call seeking comment.


Related Articles

arrow_forward_ios
Joseph Chetrit with 427 and 459 (left) Broadway (Getty, Beyond My Ken/Wikimedia)
Chetrit Group falls behind on Soho portfolio mortgage
Chetrit Group falls behind on Soho portfolio mortgage
Joseph Chetrit, Jordan Slone (Getty, NADLAN)
Harbor buys nearly 5,500-unit portfolio from Chetrit for $390M
Harbor buys nearly 5,500-unit portfolio from Chetrit for $390M
315 West 35th Street with Isaac Chetrit and DJ Dashti (Google Maps, Linkedin, iStock)
Chetrit to open flex-office location near Penn Station
Chetrit to open flex-office location near Penn Station
261 Madison Avenue and 205 East 42nd Street are among the closed locations. (Sapir, Durst, WeWork)
WeWork dumps several Manhattan locations
WeWork dumps several Manhattan locations
From left:  Joseph Chetrit, 404 Fifth Avenue and WeWork CEO Sandeep Mathrani (Photos via Wikipedia Commons; Google Maps)
WeWork battles Chetrit Group over Midtown lease
WeWork battles Chetrit Group over Midtown lease
Joseph Chetrit and 49 Chambers (Getty, 49 Chambers)
Chetrit lands $90M inventory loans for Tribeca condo conversion
Chetrit lands $90M inventory loans for Tribeca condo conversion
Sharif El-Gamal, Joseph Chetrit and 1384 Broadway (Getty; Google Maps)
Chetrit Group sues Sharif El-Gamal for unpaid rent
Chetrit Group sues Sharif El-Gamal for unpaid rent
2870 Ocean Avenue and Isaac Chetrit, and 936 Home Street (Google Maps) 
Chetrit family’s dev site buy tops weekly mid-market sales
Chetrit family’s dev site buy tops weekly mid-market sales
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...