Chinatown developer plans 26-story FiDi hotel

Site is across from a DoubleTree by Hilton with nightly rates of up to $400
By Katherine Clarke | September 06, 2013 05:14PM

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.