Nico Moinian

Overbuilt ‘Orchard Street Hotel’ Again Seeks Booze in Saturated Hell Square

Posted October 20, 2016 at 5:05 am

For the second time in as many years, hotel operators Nico Moinian and Nader Ohebshalom will try again to install nightlife at the Orchard Street Hotel. As before, it’s an uphill battle in Hell Square that won’t be easy. The lodge opened at 163 Orchard last year, yet without the food and beverage component on which profit […]

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Stalled Allen Street Hotel Sells in Auction for $30.75M; Moinian Father and Son Now Own Hotels Here

Posted May 11, 2016 at 5:11 am

After a drawn-out foreclosure process wrought with drama and years sitting vacant, the sixteen-story Allen Street Hotel is finally under new ownership. The properties comprising 139-141 Orchard Street sold in auction yesterday to real estate tycoon Morris Moinian and his partner Morry Kalimian of Elk Investors. The duo paid $30.75 million for the eyesore, and plans […]

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Streets

Overbuilt and Underwhelming ‘Orchard Street Hotel’ Announced in Hell Square

Posted March 24, 2015 at 9:22 am

A great Gatsby this hotel is not. Rather, 163 Orchard is yet another Lower East Side lodge ruining Hell Square. And now it carries a new name. No longer evoking the fictional character of F. Scott Fitzgerald, the establishment is hereafter known as the Orchard Street Hotel. Pretty clever, huh. The branding was installed above […]

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163 Orchard ‘Gatsby’ Hotel Sheds Plywood for the First Time in 6 Years

Posted December 8, 2014 at 9:32 am

At the September SLA subcommittee meeting of Community Board 3, hotel newcomer Nico Moinian delivered news that he hoped to open the so-called “Gatsby” hotel at 163 Orchard Street by the end of November. Not the case, but it’ll likely happen in the not-so-distant future. Plywood, sidewalk bridge, and other construction materials were altogether removed from the […]

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‘Gatsby’ Hotel on Orchard is Overbuilt and Neighbors Worry About Its Open-Air ‘Arcade’

Posted August 18, 2014 at 6:04 am

Here is a street-level view of the notorious arcade in the forthcoming Gatsby hotel at 163 Orchard Street. It’s actually more like an atrium or sorts (albeit horizontal), exposed to the elements on both Orchard and Allen exposures. This second floor is now a flashpoint issue in Hell Square, and will likely to continue to be […]