Chinatown developer plans 26-story FiDi hotel

Site is across from a DoubleTree by Hilton with nightly rates of up to $400

New York /
Sep.September 06, 2013 05:14 PM

A Chinatown-based developer has filed plans to build a 26-story hotel at 11 Stone Street in the Financial District, according to Department of Buildings records.

The new 170-room hotel will total 56,023 square feet, the plans show. It will be designed by Brooklyn-based architect Shining Tam, whose projects include the Sheraton Hotel at LaGuardia Airport and the Excel Tower condominium at 31 Monroe Street on the Lower East Side.

The development site, a 3,623-square-foot lot between Broadway and Broad Street, currently houses a five-story, 17,425-square-foot building. It is home to Italian restaurant Ancora, which has been there since 2009.

The site was acquired by two individuals with an address on Hester Street, Jackson Mak and Nancy Mak, for $10.2 million in 2006 and transferred to a limited liability company, Premier Emerald, in 2010. Andy Mak, seemingly a relative of Jackson and Nancy Mak, now appears to be heading up the development.

The Maks were not immediately available for comment.

A hotel opposite the site, a DoubleTree by Hilton at 8 Stone Street, commands rates of between $170 and $400 a night, depending on the size of the room and the time of year, according to its website.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
(iStock/Illustration by Kevin Rebong for The Real Deal)
New housing construction leaves US 5.5 million units short
New housing construction leaves US 5.5 million units short
(Illustration by Kevin Rebong for The Real Deal)
Single-family rent growth more than doubles in April
Single-family rent growth more than doubles in April
525 Market Street, Amazon CEO Jeff Bezos, Sephora CEO Martin Brok and Wells Fargo CEO Charles W. Scharf. (Getty, Keating Architecture)
Here’s what tenants pay at 525 Market Street in San Fran
Here’s what tenants pay at 525 Market Street in San Fran
Council member Rafael Salamanca Jr and Public Advocate Jumaane Williams (Getty, Facebook via Salamanca Jr.)
City Council to require racial equity reports for rezonings
City Council to require racial equity reports for rezonings
Millions of homeowners remain vulnerable as forbearance winds down
Millions of homeowners remain vulnerable as forbearance winds down
Millions of homeowners remain vulnerable as forbearance winds down
arrow_forward_ios

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

Loading...