Hotel Bossert Likely to Spike Rents, Receipts in Heights


bossertThe reopening of the Hotel Bossert is at least a year away — it was supposed to open this summer — but real estate execs and nearby merchants are already predicting the influx of overnight tourists will drive up commercial rents and receipts in the area, the Brooklyn Daily Eagle reported. Hotel openings in general increase nearby retail sales by 20 percent to 40 percent, the story said. As for commercial rents, if potential new tenants start competing to open nearby, they could spike by at least 25 percent, according to Brown Harris Stevens/Halstead Director of Development Marketing Bill Ross. Real estate moguls David Bistricer and Joseph Chetrit bought the storied hotel at 98 Montague Street from the Jehovah’s Witnesses in 2012 for $81 million.
Brokers Predict Bossert Rebirth to Bring New Tenants, Rent Hikes [Brooklyn Eagle]
Hotel Bossert Deal Closes, Summer Opening Set [Brownstoner]

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A Hotel in the Works for Park Avenue



A plan is in process with the Department of Buildings for a five-story, 32-room hotel along Park Avenue between Cumberland Street and Carlton Avenue, in the Fort Greene/Wallabout area. It will be constructed over three lots, all of which are currently vacant. The site owner said that the hotel will part of the Choice Hotel group, which includes Comfort Inn, Quality Inn, and Clarion Hotels. (The architect on record, Michael Kang Architect, has previously designed a Comfort Inn, among other chain hotels.) The building still needs DOB and financing approvals, and is not expected to break ground until next year. The owner told us they’re planning a rooftop bar and lounge, which will surely have nice views of the nearby Brooklyn Queens Expressway. GMAP

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An Upscale Youth Hostel Set for Wythe Avenue


Big news for Williamsburg: Developer Sydell Group paid $10,000,000 for three parcels along Wythe Avenue between North 9th and 10th streets where they plan to build a hotel. The interiors will be designed by none other than Roman and Williams, the influential duo known for their work for the Ace Hotel and a rough-hewn, industrial, 19th century aesthetic that is very much associated with Brooklyn, although as far as we know, this is their first assignment in the borough. The hotel will be part of the Freehand chain of “haute hostels,” which in Miami Beach, at least, has communal lodging starting at the bargain price of $25 a night, The New York Observer noted. The location is, of course, close to the Wythe Hotel, pictured, where rooms (with bunk beds) start at $179. The New York Post calls it “Hotel Wars,” but we are sure the two will find a way to coexist.
Hotels Hitting Hipster ’Hood [NY Post]

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Hotel Rising on Tillary Street



The beams are going up for the Hampton Inn planned on the corner of Tillary Street and Flatbush Avenue Extension in Downtown Brooklyn. Construction’s been moving here since December. The 13-story, 116-room build will look like this. Construction should wrap one year from now.
A Hampton Inn Planned for Downtown Brooklyn [Brownstoner]
Work Starting up at Flatbush Extension Hotel [Brownstoner]
Permits Approved for 14-Story Hotel on Tillary [Brownstoner]
New Developer Plans Hotel at 125 Flatbush Avenue Extension [Brownstoner]
Pepper and Potter Goin’ Down; Hotel Plans Sunk? [Brownstoner]
Pepper and Potter Prepped For Demo [Brownstoner] DOB
Stimulus Boost for Downtown Brooklyn Hotel [Brownstoner]
From Cars to Mini-Fridges on Tillary [Brownstoner] GMAP

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Troubled DoBro Hotel Just Sold to Developer



The owner of the Princess Hotel on Schermerhorn Street, which has a well-documented history as a drug and prostitute haven, sold the building for $4.975 million. A tipster tells us that the buyer is the developer behind the very successful 223 Pacific Street condos in Cobble Hill, which is also reflected in public records. What we do not know yet is what will happen to this four-story building. We assume it’ll be a teardown, but DOB records aren’t giving any indication of what’s to go up in its place. Now if only the owner will get rid of the Lefferts Hotel, his Clinton Hill outpost, which is just as notorious. GMAP

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Giant Hotel Going in Next to Williamsburgh Savings Bank


A 40-story building is planned in the empty lot at 159 Broadway next to the historic Williamsburgh Savings Bank building and across from Peter Luger in South Williamsburg. The building will be a 250-room boutique hotel, The Real Deal reported. Owner and developer Juan Figueroa owns both properties and has been restoring the bank building to the tune of an estimated $3 million, the paper said. The bank should open later this year as an event space, while the hotel is slated to debut in early 2015. Figueroa doesn’t yet have financing in place for the build, the paper noted. Wow. Forty stories will really change the feel of this stretch of Broadway, which is mostly 19th-century commercial buildings.
Boutique Hotel Planned Adjacent to Historic Williamsburgh Savings [The Real Deal]
Checking in on the Williamsburgh Savings Bank Reno [Brownstoner] GMAP

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Wallabout Warehouse Complex to Become Hotel



The gigantic Wallabout property on the corner of Ryerson and Flushing right across from the Brooklyn Navy Yard has been snapped up and will be developed into a hotel as well as retail and office space, according to a story in The Real Deal. Buyer Ryerson Equity of Borough Park is in contract for $26.25 million, according to the story. “The buyer expects to lease three floors to an entity that will operate a 200-room hotel, two floors to an executive suites company, and two floors to a gym, while the ground floor will be retail,” said the paper. “The sale went into contract Feb. 27 and is expected to close in mid-May…The plan also calls for a rooftop deck and bar, to be affiliated with the hotel.” A bidding war increased the contract price slightly above the ask of $26 million. Hotels are going into every Brooklyn neighborhood now; it should be interesting to see what effect this development has on nightlife in the area. GMAP
Clinton Hill Warehouse, Slated for Transformation, in Contract for $26M [TRD]
Huge Industrial Site for Sale in Wallabout [Brownstoner]

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Bushwick Hotel Takes Shape



The 60-unit hotel and retail complex going up at 19 Bogart Street just down the street from Roberta’s in Bushwick is making progress. Most of the exterior work seems to be almost complete. The building isn’t much to look at, but the location should be convenient for bands on tour and visiting parents.
Bushwick’s Boutique Bogart Street Hotel Reveals Itself [Curbed]

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Boutique Hotel Planned for Gowanus


A downtown restaurateur behind many hip Manhattan establishments is now trying to open a hip hotel in Gowanus, according to Capital New York. The man in question, Matt Abramcyk, is one of three investors planning a $13 million new building at 645 Union Street, between Third and Fourth avenues. It’ll be a 82-room, four-story hotel called the Gowanus Inn and Yard. The projected opening date, according to a project memorandum, is early 2015. Presumably Whole Foods will be open by then too. Capital New York didn’t get comments from the investors as the project memo is still a working document. They have put up a Facebook page, however, with “inspiration” photos. Previously, 645 Union was a parking lot. It sold last October for $2,533,400, according to public records.
Matt Abramcyk, the Original Beatrice Inn Guy, Aims for Gowanus [Capital NY]

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A Hotel Planned for the BAM Cultural District



Today the Post reports that the developer Second Development Services will build a hotel at 95 Rockwell Place, an area of the BAM Cultural District getting a lot of ink recently. The current building at 95 Rockwell, which is not landmarked, was previously on the market for $9.5 million. The deed has not yet hit public records. The hotel will be under construction for two years and is surrounded by other buildings on their way up. The Theater for a New Audience build is right next door and it’s also near the 32-story apartment/public plaza planned by Two Trees and another affordable development planned for Ashland Place and Lafayette Avenue. According to the project manager, “the district was long overdue to get a hotel.” But as far as we can tell, in a few years the downtown area will be basically overrun with them.
Hotel for BAM and Barclays [NY Post]
BAM-Area Building on Rockwell Place for Sale [Brownstoner] GMAP

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A Rendering for the Nevins Street Hotel


 


Here’s what the hotel at 40 Nevins Street will look like! The rendering comes from Barone Management, who is partnering with CBCS Equities to build the development. Despite DOB permits specifying 12 stories and 182 units, Barone’s website says there will be 204 rooms and 13 stories. There will also be a full restaurant, a fitness center and conference facilities in the not-yet-branded hotel. It’ll be finished in third quarter of 2014. At a recent site visit we found construction equipment on site, but no actual work. You can see a picture after the jump. Meanwhile, over at 300 Schermerhorn, excavation work is well underway. That’s the 14-story, 247-unit Holiday Inn that should be finished by December 2014. Here’s a very old rendering for that one.
Two Hotels, Both by Kaufman, Slated for Schermerhorn [Brownstoner] (more…)

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City Greenlights Hotel Plan for Bossert


This just in: Plans to restore the Hotel Bossert to its original use as a hotel can proceed, now that Board of Standards and Appeals ruled unanimously to approve the new owners’ request for a variance to change the certificate of occupancy. The new CofO will allow for transient hotel use, accessory hotel use, and commercial use at 98 Montague Street, the Montague Street BID informed us today. As you may recall, the property was once one of Brooklyn’s most elegant hotels. In November, developers David Bistricer and Joseph Chetrit bought it from the Jehovah’s Witnesses for $81 million. As previously reported, they hope to reopen as a hotel this summer. (more…)

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Closing Bell: The Hotels of Brooklyn



Business Insider notes that Brooklyn is undergoing a hotel boom: five new hotels opened in the borough in the last two years and another 10 are under development and should open in 2013. They profile The Wythe, which made waves when it opened this summer, and King & Grove Hotel, also in Williamsburg. In Downtown Brooklyn: the Aloft Hotel on Duffield Street and Hotel Indigo, which also opened this summer after an ownership change. There’s also Greenpoint’s Box House Hotel, the more budget-friendly Union Hotel in Gowanus, and the DJ-inspired Hotel BPM in Sunset Park. With all these options, where are readers sending their out-of-town guests?
The Hottest New Hotels in Brooklyn [Business Insider]

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A Hampton Inn Planned for Downtown Brooklyn



A Hampton Inn is coming to 125 Flatbush Avenue Extension, according to the sign posted on the construction fence. The above rendering comes from the website of LodgeWorks, the hotel developers. The 13-story commercial hotel building will have 116 guest rooms and be completed in the spring of 2014. Work began at this site in December, but the developers announced plans for a hotel back in March of 2012. This Hampton Inn will join both the Aloft Hotel and Hotel 718 in Downtown Brooklyn. GMAP

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Work Starting up at Flatbush Extension Hotel



Spotted this morning: construction workers doing site prep and putting up a new construction fence at 125 Flatbush Avenue Extension, the future site of a hotel. The developers announced they’d build a 117-room hotel from a “well-known national brand” this spring. Then the DOB approved plans for 13 stories and 116 rooms in late October. The architects are Stonehill & Taylor, who have many hotel designs under their belt.
Permits Approved for 14-Story Hotel on Tillary [Brownstoner]
New Developer Plans Hotel at 125 Flatbush Avenue Extension [Brownstoner]
Pepper and Potter Goin’ Down; Hotel Plans Sunk? [Brownstoner]
Pepper and Potter Prepped For Demo [Brownstoner] DOB
Stimulus Boost for Downtown Brooklyn Hotel [Brownstoner]
From Cars to Mini-Fridges on Tillary [Brownstoner] GMAP

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Permits Approved for 14-Story Hotel on Tillary


Looks like a hotel is finally coming to the corner of Tillary Street and Flatbush Avenue Extension! The DOB approved permits for a 13-story hotel at the site. There will be 116 rooms. A developer picked up the lot this March for $7.75 million with plans to bring a well-known national brand to the site. The architect on record is Stonehill and Taylor, which has designed many hotels in the city. Hotel plans here with a previous developer fell through last year.
New Developer Plans Hotel at 125 Flatbush Ave. Extension [Brownstoner]
Pepper and Potter Goin’ Down; Hotel Plans Sunk? [Brownstoner]
Pepper and Potter Prepped For Demo [Brownstoner] DOB
Stimulus Boost for Downtown Brooklyn Hotel [Brownstoner]
From Cars to Mini-Fridges on Tillary [Brownstoner] GMAP

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Two Hotels, Both by Kaufman, Slated for Schermerhorn



Demolition for The Hub is not the only interesting thing happening on Schermerhorn Street in Downtown Brooklyn. Two empty lots are showing signs of life, and it looks like both will be hotels. The first lot, on the corner of Nevins and Schermerhorn, has signage up for a “Nevins Street Hotel” project. The DOB approved plans for a 12-story, 182-unit building last year before the site sold this January. Permits approved just last month maintain the twelve stories and the architect, Gene Kaufman. The developer on record is New York City-based firm Barone Management; the ETA is April of 2014. And over at 300 Schermerhorn Street, right between Nevins and Bond, a Holiday Inn is definitely confirmed. DOB renewed permits for a 14-story, 247-unit hotel this summer, but we weren’t sure if plans for the Holiday Inn still stood. Believe it or not, Gene Kaufman is listed as the architect on record for that hotel, too! Here’s the only rendering for those plans. The Mehta family, which paid $11 million for the lot in 2007, is still the developer and plans to finish construction by December 2014. A reader, who sent the photograph above, wonders, “Is this long-zombified block soon going to be breathing with life again? I hope so.” Click through for pics of the Holiday Inn site.
Downtown Development Site Sells [Brownstoner]
Permits Renewed at Stalled Schermerhorn Hotel Site [Brownstoner] (more…)

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Ribbon Cutting Today at the Hotel BPM



Today’s the ribbon cutting ceremony at Sunset Park’s Hotel BPM, despite the hotel opening up more than one month ago to guests. Regardless, Marty Markowitz will make his way out to Sunset Park this morning to join owner DJ Bijal in celebrating the official grand opening. Each of the 76 hotel rooms feature volume control knobs to the ongoing, building-wide soundtrack. Rooms are available for $206 to $269 a night. It’s getting pretty good reviews so far on Trip Advisor. Check back here later for a photo from the ribbon cutting.
Sunset Park’s Hotel BPM Is Finally Rocking Out [Brownstoner]
Sunset Park’s Hotel BPM Will Soon Open Its Doors [Brownstoner]
Touring Sunset Park’s Soon-to-Open DJ Hotel [Brownstoner]
Sunset Park DJ Hotel Scheduled to Open in January [Brownstoner]

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Demo to Make Way for a Williamsburg Boutique Hotel


The Department of Buildings just approved demolition permits for the warehouse at 96 Wythe Avenue, between North 10th and North 11th streets. This Real Deal article, published this summer, shed light on the coming development: “A 150-room hotel is slated to rise on site, with completion expected within the next 24 months.” Residential development firm Heritage Equity Partners paid $4.85 million for the site, according to public records. This development is going up only a block away from the Wythe Hotel, which opened to a lot of buzz this May. According to The Real Deal, the firm is also undertaking a 50-unit rental building at 310 North 7th Street. They paid $9.5 million for the site this past summer.
Heritage Plans Williamsburg Hotel, Rentals [TRD] GMAP
Photo by Gregg Snodgrass for PropertyShark

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Hotel Indigo Is Open in Downtown Brooklyn



This news was published a week ago in Hotel Chatter but it’s worth repeating: Downtown Brooklyn’s Hotel Indigo, previously Hotel 718, is officially open. Last we heard, the hotel was expected to open this October. Here’s what Hotel Chatter has to say about the interiors: “The hotel boasts nice hardwood floors, room service, matching art on the walls and, of course, free WiFi. These are the little touches that you’ll find inside every Indigo… Size-wise, the rooms are pretty decent — and the bathrooms in particular have plenty of room, which is always good.” Rates range from around $259 to $599 a night. The article does not mention if the restaurant opened or not. The hotel came into the Lam Group’s ownership only a few months ago; they bought it for $31 million. That turnaround was quick!
Indigo Brooklyn Is Not A Stop On the Underground Railroad, but the Rooms Are Nice [Hotel Chatter] GMAP
Photo via Hotel Chatter

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