Lowrise, rundown buildings located at 1760 Broadway were cleared before the credit crunch and sat empty for two years. Demolition has commenced.
The following was filed with the NYC DOB on 16 August 2010:
Many articles have been written about this project. The latest from the NY Post, which was printed a few days before the latest permits were filed, is set forth below:
Moinian eyes hotel partner
Last Updated: 2:27 AM, August 4, 2010
Just two years ago, the Midtown block bounded by Broadway and Eighth Avenue and West 54th and 55th streets was poised for "sweeping change," as we wrote at the time.
Boston Properties was gearing up for a giant office tower at 250 W. 55th St. and Harry Gross and joint-venture partner Marriott International were ready to launch a new Marriott Courtyard Hotel.
Boston leveled several old buildings, and Gross emptied one to prepare for razing it. Then Boston "suspended" its tower indefinitely, and no plans have yet been filed for Gross's now-vacant site.
But a more modest project could pump new life into the block. Joseph Moinian is looking for a partner to build a hotel at 237 W. 54th St., a vacant, five-story building he owns. The site can support an as-of-right structure of 144,000 square feet, according to Marcus & Millichap's Ross Mezzo, who's sifting offers.
The offering does not include the small next-door apartment building at 241-245, where some units have sat vacant.
Mezzo said Moinian doesn't want to sell No. 237 but rather reel in a joint-venture partner to create a boutique hotel with up to 400 rooms. Because a JV could be structured several ways, he didn't want to cite an asking price.
Michael Kors will open a new boutique at 133 Fifth Ave. at 19th Street, replacing a Benetton that will soon close. The 2,500-square-foot lease is for 10 years.
Terms were not disclosed. Michael Kors was repped by Prudential Douglas Elliman's Dana Commercial Group and Benetton by Cushman & Wakefield.
Dana Group's Gary Dana noted that his unit also arranged a deal for the designer at 792 Madison Ave. at 67th Street.
The computer swallowed some important words in last week's item about plans for 136-142 W. 42nd St., the empty lot and vacant small building next door to the former Knickerbocker Hotel (1466 Broadway) -- all owned by Highgate Hotels, Crown Acquisitions and Ashkenazy Acquisition.
In addition to saying Highgate was "still examining" what it could build on the vacant site, Highgate Vice President Vijay Raina was more specific.
Despite reports that the 136-142 W. 42nd site would become part of a hotel at 1466 Broadway or a sepa rate hotel, Raina said:
"We are examining whether we can build a hotel or residen tial. We have not de cided. We have to see what financing is available for various projects."
Read more: http://www.nypost.com/p/news/busines...#ixzz0x3tjLNpT