180 Orchard Hell Building to Become Hotel Indigo
The Orchard Hell Building is about to turn the proverbial corner in its miserable existence on the Lower East Side. For years, this skeleton structure has deteriorated before our very eyes. Speculation always abounded as to its fate, especially when the ground level was swept into a curbside dumpster last March or when upscale Teri Jon posters pasted in the windows.
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Yet the Real Deal and Crain’s are now both reporting that the troubled property was purchased as a joint venture between Brack Capital and InterContinental Hotels Group for $46 million, and will become a hotel as originally planned. A branch of Hotel Indigo, in fact.
When all is said and done, 180 Orchard Street will surely become another neighborhood nuisance (stop calling me Shirley). Just the amenities alone tell the tale. Indeed, the 290-room hotel will boast a restaurant, bar, fitness center and outdoor pool. Expected launch is 2013, though we all know that’s not the safest bet in the house.
Do you think the hotel will open on schedule?
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