CitizenM Hotel Coming to 185-191 Bowery
With years-dormant project sites reactivating across the neighborhood, it’s safe to say that hotels are back on the Lower East Side agenda. Just last week, it was reported that the stalled Orchard Hell Building was acquired by Brack Capital, who planned to convert the decrepit concrete eyesore into a Hotel Indigo. But the real estate investment firm has another ace up their collective sleeve, and as a result, the lower Bowery is definitely in Dutch. Big-time.
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Remember that hotel development ordeal planned for the corner of Delancey two years ago? You know, how the three properties comprising 185-191 Bowery were to be razed for the purposes of tourism. Yeah, well that’s actually gonna happen very soon. Juicy details are finally starting to emerge about the future of this valuable plot. Namely that it’ll join the Amsterdam-based CitizenM hotel empire.
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[September 2009]
Brack Capital Real Estate is behind the so-called “budget luxury” inn, set to occupy an eye-popping 90,000 square-feet of real estate. Exact height is not yet known, however, once the smoke clears here, the sun-blocking monolith will offer 315 rooms (up from 224)! Meanwhile, notes on the official website indicate that groundbreaking and construction will commence sometime during the current fiscal quarter, with the unlikely completion date of “early 2012.”
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This new mega-development, in particular, is proof positive that the east side of the Bowery must be rezoned and protected accordingly.
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