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Entries for the ‘Hotels’ Category

Gershwin Hotel becomes modern boutique hotel The Evelyn

The quirky Gershwin Hotel at 7 East 27th Street (between 5th Avenue and Madison Avenue) has gone through a massive makeover and in a sign of the times, has become a modern boutique hotel called The Evelyn operated by Triumph Hotels. The Beaux Arts style building was designed by architect William H. Birkmire and features […]

Scaffolding off of the Met life Clock Tower Building

After what seems like years, it is nice to see the scaffolding and construction elevators off of the side of the Met Life Clock Tower Building (5 Madison Avenue) on the East side of Madison Square Park.

It will reportedly open as an Ian Schrager/Marriott Edition hotel in 2015. They were in talks to sell the building to the Abu Dhabi Investment Authority but it is unclear if that went through. It is still listed on the Edition website.

If it does go through, the hotel should have gorgeous views of the park and the city and the quaint feel of our neighborhood (versus Times Square or Central Park South’s bustle).

Now if they can only get the historic clock going again…

met life clock tower

Battle brewing at the Flatiron Hotel

flatiron hotel fishtankBehind the scenes at the Flatiron Hotel (1141 Broadway at 26th Street) appears to be a mess these days, according to an article in the Real Deal. It seems the debt holders of the property are fighting with the current owners and management company over rent payments.

What’s going on between the debt holders, the multiple owners, and the property management company is so confusing with the Supreme Court involved, direct rent payments requested, illegal scaffolding, and more allegations, that we suggest you read the Real Deal article for more info.

You may recall that the guy behind Hotel Toshi, actor, businessman and underground party hoster Robert ‘Toshi’ Chan, supposedly took over management of the newly created Flatiron Hotel a couple years back. You may also recall they have a 20,000 gallon aquarium in the lobby.

The MAve hotel in Nomad sells for 28.5 million

Mave_hotel-282x300The boutique MAve hotel, located just north of Madison Square Park at 62 Madison Avenue has sold for for $28.5 million according to the Real Deal.

Considering it was at one point facing foreclosure and then bankruptcy, this is a positive development for the building.

The 72-room contemporary hotel has been around since 2009 and was one of the first of the new boutiques to open in the Nomad neighborhood.

Marriott Edition Hotel no more – Met Life Clock Tower to be sold again

met life clock tower constructionAfter years of being bought and sold, with plans for condos (twice) and then a hotel, we finally thought the Met Life Clock Tower building (5 Madison Avenue) off of Madison Square Park finally had its purpose again when it was announced it would become a Marriott Edition Hotel. Well now we learn from Bloomberg News that Marriott will sell the building, likely to the Abu Dhabi Investment Authority, along with 2 other Edition Hotels, for $800 million. Word is that the deal will not finalize until construction is complete (2015), and if history is any indication, it may have a completely new owner and use by then. It has sort of become one of the ultimate flipping commercial properties in New York City.

Before it was to become an Edition Hotel, the building was owned by Africa Israel and was the subject of several proposed plans in the past, including very large (4,000+ square foot) ultra-high-end condos designed by Donatella Versace, and then revised to be condos about half the size with a new designer involved, and then a deal with a group including Tommy Hilfiger that intended to turn part of it into a hotel.

The Met Life Clock Tower was built in 1909 and was at one time the world’s tallest building.

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