Marriott’s Moxy Plans New Hotel in Bowery Lighting District
Apparently the Bowery needs another hotel.
To fill this non-void of lodging, Marriott’s newish boutique brand, Moxy NYC, is set to impart its second downtown lodge, and fourth citywide, here in the Bowery lighting district. (The company already demolished an historic row of structures on East 11th Street for the other.)
This particular corner parcel at Broome Street has been awaiting development for years. Current owner Emmut Properties detailed a development plan of 151 Bowery on its website that never came to fruition. Instead, the Lightstone Group is under contract to purchase the building for an undisclosed sum. According to the Real Deal, which first reported the transaction, the firm filed a memorandum Monday with the city’s Department of Finance.
For context, Emmut Properties picked up 151 Bowery (aka Broome) for $23.5 million in 2014, in what was considered a record price for the area.
There is certainly no shortage of hotels these days on the Bowery between East Houston and Canal Streets. When accounting for this Moxy, we count eight…
Sister City (Ace Hotel sub-brand)
Hotel Leon (technically on Canal)