The Real Deal New York

Chetrit Group files plans for 46-story apartment-hotel project in Hudson Yards

Tower at 545 West 37th Street will hold 358 hotel rooms and 131 residential units
By Rich Bockmann | September 30, 2016 01:23PM

541-545 West 37th Street and 540-548 West 38th Street and Joseph Chetrit (click to enlarge)

541-545 West 37th Street and 540-548 West 38th Street and Joseph Chetrit
(click to enlarge)

Joseph Chetrit took another step toward developing a 46-story hotel and residential building at his Hudson Yards development site.

The Chetrit Group filed plans Friday to build a 622-foot-tall, 373,275 square-foot tower at 545 West 37th Street, just east of 11th Avenue, according to permits filed with the city’s Department of Buildings.

Floors nine through 27 will contain a hotel with 358 rooms, a business lounge and a premium lounge for guests, permits show. Above, floors 32 through 46 will boast 131 residential units spanning 269,688 square feet.

The first floor will hold the lobby, an event space and restaurant, with another eating and drinking establishment ton the second floor. Floors three through five will have event and pre-function areas.

Amenities in the building will include a residential lounge on the 30th floor, along with fitness and spinning rooms and yoga and pilates studios, filings indicate.

CetraRuddy is the architect of record.

Chetrit bought the development site in 2012 for $26.5 million after lender Fortress Credit took control of the properties from previous owner Baruch Singer through foreclosure.

The Chetrit Group had flirted with the idea of selling the site, but then took it off the market.

The development is just one of a handful of projects in different stages of completion rising on the blocks north of the Related Companies’ Hudson Yards megaproject, as The Real Deal reported in its May 2016 issue.