Developer Sam Chang‘s McSam Hotel Group has picked up 334 West 36th Street from the Postgraduate Center for Mental Health for $50.8 million. Mr. Chang said he doesn’t know yet whether he plans to erect a hotel or residential rental building at the site.
The sale of the property, which is between Eighth and Ninth Avenues, closed on Aug. 6 and appeared in property records today. Mr. Chang said Postgraduate Center for Mental Health, which provides mental health treatment, housing, job training and placement as well as case management services, retains the right to occupy the premises until next year.
The hotel developer plans to construct a 20-story, 123,000-square-foot property at 334 West 36th Street, between Eighth and Ninth avenues. The building would house a ground-floor restaurant, about 22 rooms apiece from floors two to 14, and 20 rooms apiece from floors 15 to 20, according to the permits.
Gene Kaufman was hired to serve as the architect of record.
Chang bought the six-story, 58,644-square-foot building occupied by the Postgraduate Center for Mental Health that is now on the site. Postgraduate Center for Mental Health is slated to exit the premises next year, as reported.
The six-story building will be demolished by April and the hotel is expected to open by spring 2017, Chang told TRD.
“I’m planning to develop one hotel at a time,” Chang said. “I will work on the Eighth Avenue Holiday Inn until April and then focus on this hotel.”
Does anyone know what this building is that is under construction 1 lot to the east at 320 west 36th? 334 with the red marker and 320 is the site to the right probably taken last year when the lot was being cleared.
What the hell happened here? I thought they were supposed to keep the old church facade up to the the 2nd floor. As of sept last year they kept most of the facade to the 2nd floor and even included it in the renderings. By Late Nov last year it kinda looked like some of the facade had came down a bit on the east side. Today it appears as though they have only kept the first floor facade because the rest is completely gone now. I assumed the city made them keep part of the facade so it would be strange to then say they can keep half of it? Maybe part of it crumbled or something and they had to tear it down.
After going back to that nypost article above it appeared as though mcsam voluntarily kept the facade. So i guess he can do whatever he wants. Part of the tower portion was always going to be rebuilt so it seems now most of the original facade may just be rebuilt to look like the old church. Meh.
