Hyatt Plans Two NYC Openings

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.