Monday, May 5, 2014

More Hotels Planned For Downtown Brooklyn, Williamsburg

There are 22 hotel projects with 2,208 rooms in the pipeline in Brooklyn as of May 1, according to data from the lodging industry. That represents a spike in room count from 1,370 last year, and an uptick in the number of new hotels from 14. Of the 22 current projects, ten (with 821 rooms) are in the final planning stages and 12 (with 1,387 rooms) are in construction. 

Hotel Series - Brooklyn, Part 1

Recently, developers have caught wind of the fact that Williamsburg is a place where out-of-towners might like to stay and have started slapping up hotels left and right. In addition to the big name projects, there are a bunch of lesser known jobs that are already in the pipeline and ready to be developed.

500 Metropolitan Avenue

A huge fenced-in lot at 500 Metropolitan Avenue in Brooklyn, will be getting a 14-story hotel with spaces for restaurants/bars and retail, with a 182-spot garage below and residences on top.

The Chetrit Group is gearing up to start work on the massive Williamsburg development once dubbed “The Gateway to Williamsburg”. The long-stalled project between Union and the BQE has been on ice for years.

The development will rise on the same block as Kellogg’s Diner in an extremely prime location next to the Metropolitan-Lorimer G and L-train stop.

500 Metropolitan will be a 14-story triangular structure with tiered setbacks covering 146,040-square-feet.

The 150-foot-tall building will house 50 condominium units above the eighth floor, with 188 hotel rooms below. The fourth floor will have a pool, accompanied by a restaurant/bar with a 311-person capacity.

On the second floor, there's a planned terrace with basketball and tennis courts, and the ground floor will have 56,600 square feet of retail. The project is scheduled for completion in late 2015.

This area is hopping with construction. Another hotel, with 52 rooms, is going up across the street.

The Chetrit Group has been in the headlines lately for its tactics involving longtime tenants of the Chelsea Hotel following its purchase of the Manhattan landmark.

155 Broadway 

A 250-room hotel will go up next to the historic Williamsburg Savings Bank building in Brooklyn

The 40 story goliath is in the final planning stages and slated to rise on a site adjacent to the domed bank building, at 175 Broadway, which has undergone an extensive renovation and will open later this year as an event space.

Developer Juan Figueroa purchased the 137 year old landmark from HSBC in 2010, for $4.5 million.

Proximity to the Williamsburg Bridge and Peter Luger Steakhouse should help boost the hotel’s profile. The development site is one block south of the bridge, at Driggs Avenue.

There had been speculation that the developer might convert the bank itself into lodging; however the air rights acquired from the historic structure will let the developer build a much taller hotel next door.

Back in 2011, Miami-based architecture firm Oppenheim A+D won a competition to design a boutique hotel on the lot. The firm's winning structure would measure 86,000 square feet and rise 440 feet

Figueroa expects the Williamsburg Hotel to be ready for business by late 2015.

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