Courtesy of TSX Broadway.
NEW YORK CITY – L&L Holding Company, Maefield Development and Fortress Investment Group have begun the demolition of the former DoubleTree Hotel at the corner of 47th Street and Broadway to clear the way for their new 550,000-square-foot, 46-story hotel located at 1568 Broadway called TSX Broadway.
The demolition includes a technique that requires hardening the existing 29-year-old building's elevator shafts to create debris chutes to allow for easy removal of the structure. Materials will funnel down the chutes from the tallest floor until it is completely cleared.
TSX Broadway has a view over Times Square's iconic TKTS 'Red Steps.' Its ground-floor retail space will span 75,000 square feet across ten floors to accommodate 15 million guests annually, and a 30,000-square-foot dining destination that will include a 10,000-square-foot terrace overlooking Times Square.
The properties' 669 rooms of the new hotel will feature direct views of Times Square, including 30 'Ball Drop Suites' for the festivities of New Year's Eve.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
