Lam Generation filed plans to build a 38-story hotel next to its Marriott-branded tower in Chelsea, according to documents filed with the city’s Department of Buildings on Friday.
Lam Generation, which is run by Jeffrey Lam, the son of Lam Group head John Lam, is looking to build a 360-key hotel that spans about 130,000 square feet at 113 West 24th Street, records show. The firm first announced plans to build a hotel at the vacant development site in April 2017, after a $60 million deal with Soho Properties fell through.
The proposed tower, which is expected to reach a height of 420 feet, will rise next to another Lam Generation development, the 39-story Renaissance Hotel at 112 West 25th Street. The Renaissance Hotel was at the center of a lawsuit between Lam Generation and a partnership between Edison Properties and the Kaufman Organization. The dispute was over access to 119 West 24th Street. Lam needed to gain entry to install windows and skylight protection, but was denied by Edison and Kaufman. The lawsuit was settled in February 2017.
Soho Properties, headed by Sharif El-Gamal, was in contract to purchase the 24th Street site for two years, but, as The Real Deal reported at the time, that the transaction was derailed by a delayed remediation process. The agreement had a termination clause, which was triggered when remediation persisted after late 2016. This allowed Soho to back out of the deal and get its deposit back.
Lam Generation bought the site from Extell Development for $67.5 million in 2013. It contains 125,000 buildable square feet.
The hotel developer did not immediately respond to requests for comment.