First Look at Mixed-Use Hotel Tower Coming to 292 Fifth Avenue in Koreatown

Rendering of 292 Fifth Avenue via Ondel/CityRealty

Monday, Jul 30, 2018 By Michelle Merritt

Just as NoMad’s luxury housing boom has spread to Koreatown, the local hospitality scene is hot on its heels: A mixed-use hotel tower planned for 292 Fifth Avenue, just south of the bustling enclave, has gotten off the ground. Hospitality developer Sam Chang closed on the site for $42.4 million in March 2017 and has plans for a 150-room hotel. A rendering by Gene Kaufman, designer of record, shows a setback on the upper floors serving as a line of demarcation between the hotel rooms and 16 apartments on top.

(CityRealty)

Mr. Chang referred to a “four-and-a-half-star hotel” in Commercial Observer, and a rendering on the site says “Le Meridien” at the base, referring to a hospitality chain “born in the era of glamorous travel.” Following the departure of Midtown’s Parker Hotel from the chain, this will be the only Le Meridien location in New York. According to plans filed with the city, amenities at the new hotel will include a bike room, meeting center, and outdoor terrace. Residents will have access to a bike room, mail room, and seventeenth-floor lounge with outdoor terrace.

Would you like to tour this property?

Just complete the info below.

Or call us at (212) 755-5544

The tower is going up in an area increasingly rich in residential and hospitality development: One block away, a Kohn Pedersen Fox-designed condominium is planned for 316 Fifth Avenue. Other neighbors on the rise include The NOMA, supertall 266 Fifth Avenue, and the Rafael Vinoly-designed 277 Fifth Avenue. On the hospitality front, the Ritz-Carlton New York NoMad, Virgin Hotel, and a multitude of other properties will offer stiff competition.

Zoning diagram via NYC Department of Buildings

Construction at 292 Fifth Avenue via Ondel/CityRealty

In this article:

Select which properties are of interest to you:

Top 25 NYC condos with the best playrooms and kid-friendly amenities

GiiO: Sales launch on attractive, attainable Bushwick condos from $595K

Manhattan Sales: Trophy Upper East Side homes rule the week; Elie Wiesel’s Fifth Avenue apartment sells for nearly $5M

Greenwich Spire rises above street level, beginning its climb to become the Village’s tallest tower

Price Cuts: Grand prewar home at 10 Gracie Square now $1.5M off; Half-floor at One57 relists at a loss

What $1M can buy in Brooklyn Heights + 5 projects in the pipeline including repairs to the BQE

Draped in Concrete, 10W17 Rises in Flatiron Ahead of Sales Launch

Central Park Tower pad tops Manhattan contracts as high-end deals rebound; Floyd Mayweather-adjacent condo finds buyer

First Look at Mixed-Use Hotel Tower Coming to 292 Fifth Avenue in Koreatown

In this article:

Select which properties are of interest to you:

Related Listings

Related Links

Tags:

Related Articles

Top 25 NYC condos with the best playrooms and kid-friendly amenities

GiiO: Sales launch on attractive, attainable Bushwick condos from $595K

Manhattan Sales: Trophy Upper East Side homes rule the week; Elie Wiesel’s Fifth Avenue apartment sells for nearly $5M

Greenwich Spire rises above street level, beginning its climb to become the Village’s tallest tower

Price Cuts: Grand prewar home at 10 Gracie Square now $1.5M off; Half-floor at One57 relists at a loss

What $1M can buy in Brooklyn Heights + 5 projects in the pipeline including repairs to the BQE

Draped in Concrete, 10W17 Rises in Flatiron Ahead of Sales Launch

Central Park Tower pad tops Manhattan contracts as high-end deals rebound; Floyd Mayweather-adjacent condo finds buyer

Search

Market Data

Market Insight

CityRealty

My Account