Riverside Developers planning 140-key Bushwick hotel

Firm helmed development of William Vale Hotel in Williamsburg

New York /
May.May 20, 2015 11:30 AM

UPDATED 3:15 p.m., May 20: Bushwick as the city’s hottest new tourist destination? It could happen.

Riverside Developers, the developer behind the William Vale Hotel at 55 Wythe Avenue, are looking to build a 140-key hotel at 27 Stewart Avenue in Bushwick, according to a permit application filed with the city Wednesday.

Plans call for a new, nine-story hotel at the former location of a single-story, 4,500-square-foot garage that will span more than 94,000 square feet. A community facility will take up roughly 14,500 square feet, while the hotel will be about 80,000 square feet.

Some of the guest rooms will come with balconies and terraces.

The cellar of the building will include a bar and a lounge. Doctor’s offices are planned for the second floor.

Private Brooklyn-based owner James Ruggiero bought the property in 2005. It is unclear if Riverside Developers owns a stake in the building.

Neither Ruggiero nor Riverside Developers could immediately be reached Wednesday morning.

Correction: A prior version of this article incorrectly stated the other hotels Riverside Developers is working on.


Related Articles

arrow_forward_ios
The grand reopening: As restrictions lift, CRE markets race toward recovery
The grand reopening: As restrictions lift, CRE markets race toward recovery
The grand reopening: As restrictions lift, CRE markets race toward recovery
The commercial market was hit hard by the pandemic, and property tax revenue is expected to fall 5 percent. (iStock)
Tax bills show how much Covid devalued NYC real estate
Tax bills show how much Covid devalued NYC real estate
Acting Katara CEO Andrew Humphries and 355 West 16th Street (Google Maps, AHIC)
Katara Hospitality takes over Dream Downtown’s $125M ground lease
Katara Hospitality takes over Dream Downtown’s $125M ground lease
About 38 percent of New York hotels with loans in commercial-mortgage backed securities were 30 days or more past due in May. (iStock)
Hotels’ recovery taking longer in NYC than elsewhere
Hotels’ recovery taking longer in NYC than elsewhere
Gowanus Inn & Yard at  645-651 Union Street, Brooklyn, Sonder CEO Francis Davidson and Red Pine Principal Michael Federman (Google Maps, Sonder, Federman Steifman)
Sonder takes lease for 76-key Gowanus Inn
Sonder takes lease for 76-key Gowanus Inn
Toby Moskovits (Google Maps, Supreme Court of the State of New York)
Fortress files to foreclose on Toby Moskovits’ Bushwick hotel site
Fortress files to foreclose on Toby Moskovits’ Bushwick hotel site
Starwood CEO Barry Sternlicht and Blackstone CEO Stephen Schwarzman (Getty)
Blackstone, Starwood up bid for Extended Stay America
Blackstone, Starwood up bid for Extended Stay America
Venn co-founders Or Bokobza and Chen Avni (Photos via Owler, The Centre for Conscious Design)
This startup creates community to help landlords retain tenants
This startup creates community to help landlords retain tenants
arrow_forward_ios

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

Loading...