BY: NIKOLAI FEDAK ON SEPTEMBER 11TH 2014 AT 7:00 AM
YIMBY has the reveal for a new hotel coming to the Financial District, which will be located at 8-12 Maiden Lane. Branding on the images indicates the project will be occupied by a Hotel Indigo, and in 2012, the Commercial Observer reported that the site was acquired for $7.1 million by “local Chinese buyers.”
Permits list the developer as Thomas Wang, of WL Group Construction, which is based in Flushing. Kaufman is the architect of record, and the 75,467 square foot project will be split between 192 rooms. Ceiling heights will be relatively generous compared to average new hotels, with the 24-story building rising 246 feet.
The Financial District appears to have dodged a bullet in terms of design, as hotel development is prone to severe value-engineering, yet the renderings for 8-12 Maiden Lane are actually somewhat appealing. Whether the final product resembles what’s depicted remains to be seen, but the structure’s base actually respects the street-wall.
Above the masonry-clad lower levels, the actual tower rises. Unfortunately, the facade for this portion will be less attractive, but given the location, it will be invisible on the overall skyline, and the dynamic between the base and the street is what really matters. And luckily, in this regard, 8-12 Maiden Lane appears to be pedestrian-friendly.
New building permits were approved this past April, and construction is likely to wrap-up in the 2016 timeframe.