Oro 2 Still Shooting for Hotel Component, Says Attorney

According to the Department of Buildings, the current plans for the second Oro tower do not include a hotel, but the land use attorney for developer United Homes’, Kenneth Fisher, who is also a former City Councilman, said two hotels are still very much a part of the plan. “The architects are working through issues with the Department of Buildings,” he said. The DOB rejected an earlier plan for 38-story, 344,992-square-foot tower with 74 residential units and a hotel, and said the most current filing includes 35 stories, 235,382 square feet, 208 residential units and no hotel, according to a spokeswoman. Fisher said ultimately the first roughly 30 floors of the tower would be one or two hotels, and the top five to nine floors would be apartments. When asked if they’ve received financing, Fisher said, “That’s an answer that may change any minute. But I would say that we’re actively in negotiations with different financial institutions and we’re anticipating that our financing will be in place very shortly.” He said the hotelier is “a Hilton Family flag but it’s not necessarily going to be a Hilton.” Other Hilton brands include include Doubletree, Embassy Suites and Hampton. Or, maybe Nicky-O will give it another go.
Feb 13, 2012 | 10:33 AM