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Cleared 7,500 SF development site at prime Midtown corner with approved 41-story hotel plans and grandfathered use. Shovel-ready opportunity near Theater District and Central Park, with residential conversion rights as alternative.
The development site at 842 Seventh Avenue, also known as 201 West 54th Street, occupies the northwest corner of Seventh Avenue and West 54th Street in Midtown. The parcel spans about 7,500 square feet with frontage on both streets and has already been cleared, allowing construction to begin without the need for demolition. It is currently being marketed for sale, with approved plans in place by SLCE Architects for a 41-story hotel building.
The site benefits from a grandfathered hotel use, which allows a project to proceed without a special permit, a notable distinction in the current regulatory environment. The approved plans call for roughly 512 hotel rooms, though the zoning also permits residential development as-of-right, offering an alternative path. The location sits at the northern edge of the Theater District, within walking distance of Central Park, Carnegie Hall, and Columbus Circle, with multiple subway lines nearby.
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