14-Story Eldridge Street Hotel Nears the Top
Jammed between pre-war tenements on Eldridge Street – on a block that hasn’t seen much destruction – is the latest hotel to join the overcrowded party.
Under construction for more than two years, this narrow finger building is nearing its apex. This week it reached an approximate eleven-story height.
Designed by Michael Kang, the development will 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.
This forthcoming hotel is a long time coming for 79 Eldridge Street. The private parking lot was on the open market for three years before hotelier Nehalkumar Ghandi’s corporate shell “Eldridge Hotel LLC” – rumored affiliation with Wyndham Hotels – shelled out $5.3 million for the parcel in 2016.