CityRealty Insider > New Developments in the News

New Developments in the News

FEBRUARY 14, 2011

Saarinen TWA Terminal at JFK may become boutique hotel lobby; Banks move out, media tenants move in to Wall Street environs;

The breathtaking landmark of modern architecture that is Eero Saarinen’s 1962 TWA terminal at JFK International Airport may get a new lease on life as a boutique hotel. The Port Authority has issued a request for qualifications, envisioning a small hotel in the space between the old terminal and the newly-constructed JetBlue building behind it; the interior of the Saarinen building would form the entryway and lobby—with restaurants and shops—for the hotel. The former terminal has been empty since the airline’s bankruptcy in 2001 and recently underwent $20 million worth of renovations.

The departure of tenants like Fidelity Investments, American International Group (AIG) and the Depository Trust and Clearing Corporation from their Lower Manhattan offices has had city planners fearing for the district’s growth. But non-financial companies like Conde Nast—said to be currently negotiating a 1 million-square-foot lease at 1 World Trade Center—, Newsweek and a growing number of law firms, tech companies and nonprofit organizations are moving in, adding diversity and desirability to the area and leading to talk of the district’s future as a new “media alley.”

ALSO IN NEW YORK CITY INSIDER

RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.

An equal housing opportunity

{"1":[40.775,-73.94,"East Side","_es"],"2":[40.79,-73.99,"West Side","_ws"],"11":[40.76,-73.98,"Midtown","_m"],"3":[40.736,-73.99,"Downtown","_d"],"13":[40.711309,-74.01,"Financial
District\/BPC","_fd"],"4":[40.682676,-73.973007,"Brooklyn","_b"],"12":[40.8444,-73.9376,"Upper Manhattan","_um"],"5":[40.7477089,-73.930411,"LIC \/ Queens","_qns"],"18":[40.8889782,-73.9025,"The Bronx","_bx"]}