The Real Deal New York

15-story hotel to rise at 876 Sixth Avenue

Midtown project will have 37 rooms
By Tess Hofmann | March 20, 2015 04:40PM

A new 15-story hotel is being planned for 876 Sixth Avenue, according to permits filed with the city today. The developer is Raizada Vaid of Pinky Realty.

The project, located two blocks south and one block west of the Empire State Building at the corner of 31st Street and Sixth Avenue, will have 37 rooms and retail on the first and second floors. It will contain a total of 17,700 square feet.

Vaid, a Koreatown-based jeweler, purchased the existing four-story commercial building on the site for $2.2 million in 2010. The architect of record is Bricolage Designs.

Vaid owns several NoMad retail buildings, at 1204-1210 Broadway, 1212 Broadway, 1214-1216 Broadway and 28 West 30th Street, where he is looking to lease 30,000 square feet of ground floor retail space.