# NEW YORK | 371-377 7th Avenue | FT | FLOORS **URL:** \ **Category:** Proposed\ **Created:** [July 24, 2022, 9:10pm UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557 "2022-07-24T21:10:35Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![Mackensen](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/mackensen/32/138218_2.png) [@Mackensen](https://forum.newyorkyimby.com/u/Mackensen)\ **Post date:** [July 24, 2022, 9:10pm UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557/1 "2022-07-24T21:10:35Z")
This is the location for Site 3 of the ESC with a possible elevation around 930 feet. > **[Isaac Chetrit to convert Stewart Hotel to residential](https://therealdeal.com/new-york/2022/07/12/isaac-chetrit-to-convert-stewart-hotel-to-residential/)** > > Isaac Chetrit and his partners are planning to shut down the Stewart Hotel across from Madison Square Garden and turn it into apartments > **[Chelsea Hotel To Close, Be Converted To 625-Unit Apartment Building](https://www.bisnow.com/new-york/news/hotel/chelseas-stewart-hotel-owners-announce-plans-for-residential-conversion-113759)** > > The owners of Chelsea's Stewart Hotel plan to convert the hotel by-right into residential amid soaring rents and a limping hotel market. ---
**Author:** ![robertwalpole](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/robertwalpole/32/15739_2.png) [@robertwalpole](https://forum.newyorkyimby.com/u/robertwalpole)\ **Post date:** [July 25, 2022, 3:03am UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557/2 "2022-07-25T03:03:46Z")
This is a beautiful building. I’m in no rush to see it razed. ---
**Author:** ![Jaydayvis](https://avatars.discourse-cdn.com/v4/letter/j/6de8d8/32.png) [@Jaydayvis](https://forum.newyorkyimby.com/u/Jaydayvis)\ **Post date:** [July 25, 2022, 6:47am UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557/3 "2022-07-25T06:47:55Z")
Ugh. I stayed at the Stewart Hotel multiple times and it has always been nothing but a good experience. I will miss it profoundly. ---
**Author:** ![Waymond\_Womano](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/waymond_womano/32/7078_2.png) [@Waymond\_Womano](https://forum.newyorkyimby.com/u/Waymond_Womano)\ **Post date:** [December 11, 2024, 3:48pm UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557/4 "2024-12-11T15:48:21Z")
> **[Sioni Group Plans 625-Unit Conversion at Shuttered Stewart Hotel](https://commercialobserver.com/2024/12/sioni-group-625-unit-residential-conversion-stewart-hotel/)** > > Sioni Group filed plans this week for a 625-unit residential conversion of the former Stewart Hotel at 371 Seventh Avenue. ---
**Author:** ![JC\_Heights](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/jc_heights/32/90668_2.png) [@JC\_Heights](https://forum.newyorkyimby.com/u/JC_Heights)\ **Post date:** [December 22, 2024, 2:51am UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557/5 "2024-12-22T02:51:22Z")
![1000030306](https://us1.discourse-cdn.com/flex019/uploads/yimby/original/3X/b/4/b499986155a5adc8618ec74c11ff8330eff70c04.jpeg) ---
**Author:** ![stache](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/stache/32/30186_2.png) [@stache](https://forum.newyorkyimby.com/u/stache)\ **Post date:** [December 22, 2024, 2:37pm UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557/6 "2024-12-22T14:37:45Z")
This is great news. I was afraid it would go in the big Penn makeover. ---
**Author:** ![Jereth](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/jereth/32/55463_2.png) [@Jereth](https://forum.newyorkyimby.com/u/Jereth)\ **Post date:** [December 22, 2024, 4:13pm UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557/7 "2024-12-22T16:13:17Z")
It still might one day, if “Penn South” is still the preferred station expansion plan. But it says something that they’re proceeding with this renovation- probably that they think they’ll still be around for at least another decade. ---
**Author:** ![Waymond\_Womano](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/waymond_womano/32/7078_2.png) [@Waymond\_Womano](https://forum.newyorkyimby.com/u/Waymond_Womano)\ **Post date:** [July 29, 2025, 10:35pm UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557/8 "2025-07-29T22:35:39Z")
> A partnership between multifamily developer-operator **Slate Property Group** and **Breaking Group** , an organization that provides permanent supportive housing for individuals in need, is in late-stage talks to acquire Manhattan’s Stewart Hotel from **Sioni Group** and **Patriarch Equities** for around $275 million, with plans to convert the property to 535 units of permanent affordable housing. > > Slate and **Breaking Ground** would be co-developers on the project. > > The Stewart, at **371 Seventh Avenue** on the corner of 31st Street, closed as a working hotel in 2022, and was recently used by the city as a migrant shelter. > **[Slate and Breaking Ground in Talks to Buy Manhattan’s Stewart Hotel](https://commercialobserver.com/2025/07/slate-breaking-ground-talks-buy-manhattans-stewart-hotel/)** > > Slate Property Group & Breaking Group might acquire the Stewart Hotel for ~$275 million, to convert it to 535 units of affordable housing. ---
**Author:** ![Waymond\_Womano](https://sea1.discourse-cdn.com/flex019/user_avatar/forum.newyorkyimby.com/waymond_womano/32/7078_2.png) [@Waymond\_Womano](https://forum.newyorkyimby.com/u/Waymond_Womano)\ **Post date:** [January 8, 2026, 4:57pm UTC](https://forum.newyorkyimby.com/t/new-york-371-377-7th-avenue-ft-floors/21557/9 "2026-01-08T16:57:43Z")
> **[Slate seals deal on Stewart Hotel acquisition for $255M ](https://therealdeal.com/new-york/2025/12/23/slate-seals-acquisition-of-stewart-hotel-for-255m/)** > > David Schwartz and Breaking Ground are planning a 579-unit affordable housing conversion of the site.