Peter Poon to design new 31-story FiDi hotel

NY Times Square Hotel Group developing the 150-key hotel

New York /
Dec.December 22, 2014 11:31 AM

Peter Poon is designing a new hotel in the Financial District, according to a permit application filed with the city today.

NY Times Square Hotel Group is developing the hotel at 120 Water Street, which is slated to stand 31 stories tall and span roughly 42,000 square feet. Li Hui Lo, president of the NY Times Square Hotel Group, bought 120-122 Water Street — located between Wall and Pine streets — for $15 million in April. 

Massey Knakal had the listing, with an original asking price of nearly $20 million.

The hotel will have 150 rooms, according to the application with the Department of Buildings. The property will include an eating establishment as well, according to the application. In total, the site can hold 47,813 buildable square feet.

The hotel will be located next to the 26-story Holiday Inn Express at 126 Water Street.

A representative for Peter Poon Architects was not immediately available for comment on Monday morning. Poon is also designing a 21-story hotel in Chelsea as well as a 31-story hotel near the South Street Seaport, among other projects.

Two buildings, one four-story and one five-story, are located on the site. Applications to demolish those have not yet been filed.


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