Search
 

Hyatt Plans Two NYC Openings

NEW YORK CITY-A new property near Bryant Park will offer timeshares, while a Downtown conversion is slated as a condo-hotel.

By Paul Bubny | Updated on April 20, 2009

NEW YORK CITY-Hyatt Hotels & Resorts’ sole locale here since 1980, the Grand Hyatt near Grand Central Terminal, soon will be joined by two properties representing the Chicago-based hotelier’s newest brand, Andaz. Both boutique hotels are conversions from former office properties, at 75 Wall St. and 485 Fifth Ave., and are scheduled to open in September and early next year, respectively. Additionally, Hyatt has three other New York City properties in development, including a Hyatt Place in Brooklyn announced last week, and a forthcoming location on Long Island.

Andaz Wall Street, which is being developed by the Hakimian Organization along with its partners, Peykar Brothers Realty and Gorjian Properties, will be a hotel-condo, according to Hyatt. The 253-key hotel portion will take up the lower 18 floors of the property, while the upper 24 floors of the 42-story tower will contain 350 condo units.

The Rockwell Group is designing the interiors and public spaces, which include a solarium and lounge, fitness center and grand lobby with a three-story atrium. The Barclay Bank building at 75 Wall was developed in 1986 and at one time served as the Downtown headquarters of JPMorgan Chase.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.