Lam Generation, a hotel development and ownership company and offshoot of hotelier John Lam’s the Lam Group, has revealed a first look at the 39-story Renaissance hotel planned to replace the garage that was formerly home to a Chelsea flea market for 20 years.
New York YIMBY first published the new renderings of the site at 112 West 25th Street.
Extell Development bought the site in 2006 for $42.7 million and sold it to Lam for $67.5 million two years later.
The new hotel will have 330 rooms and total 177,513 square feet. Construction is expected to begin in January 2015 and completion is slated for July 2017.
The market, which started at the garage in 1993, officially closed in June. [NY YIMBY] — Claire Moses