Arrested Development: New 14-Story Hotel on Eldridge Street Stalls
Reactivated, then deactivated.
One year later, there isn’t much to show for the incoming hotel at 79 Eldridge Street. It was February 2018 that construction commenced on the new 14-story lodge.
And here we are; the superstructure is barely out of the ground at a height of about two stories. It’ll eventually hit fourteen floors and carry 48 rooms; there is also 1,243 square-feet of floor area earmarked for a community facility of some sort.
Of course, it doesn’t help that the project site has fallen prey to several stop-work orders from Department of Buildings.
Estimated completion date, according to worksite signage, is “winter 2021.”
This is a long time coming for 79 Eldridge Street. The private parking lot was on the open market for three years before the corporate shell “Eldridge Hotel LLC” shelled out $5.3 million for the parcel in 2016.