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Old Posted Jun 12, 2020, 1:11 PM
JMKeynes JMKeynes is offline
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Smile NEW YORK | 21 E 52nd St | FT | FLOORS

I strongly suspect that this closed hotel will become a boutique office tower, though I’d prefer that a supertall condo (or a mixed use tower) rise here .

I wonder if St Pat’s development rights could be transferred here.

This is basically across the street from Macklowe’s proposed supertall. I wonder how tall this can rise. It could potentially block park views from Macklowe’s proposed tower.

https://therealdeal.com/2020/06/12/m...sion-possible/

Last edited by JMKeynes; Jun 12, 2020 at 1:26 PM.
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Old Posted Jun 12, 2020, 2:00 PM
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We will probably be seeing more of these closures, so not surprising.

The site has a FAR of 23. You can see it in the center here....







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Old Posted Jun 13, 2020, 2:00 AM
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Old Posted Jun 13, 2020, 2:03 AM
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https://www.bloomberg.com/news/artic...ntly-shut-down

Billionaire Rowling’s Manhattan Hotel to Permanently Close

By Patrick Clark
June 11, 2020


Quote:
The Omni Berkshire Place hotel in midtown Manhattan will permanently close, the Covid-19 pandemic’s latest blow to New York’s lodging business.

Omni Hotels, owned by billionaire Robert Rowling’s TRT Holdings, informed loyalty members of plans to close the property on East 52nd Street, where Richard Rodgers and Oscar Hammerstein wrote the musical Oklahoma!

A spokesman for TRT Holdings didn’t immediately respond to an email and phone call seeking comment.

The 399-room property was built in 1926 by the same architecture firm that designed nearby Grand Central Terminal, according to the hotel website. It underwent a $70 million renovation in 1995, the year before TRT Holdings acquired the Omni chain.
Quote:
The hospitality industry has been among the hardest hit by the coronavirus, and New York’s lodging market is suffering more than most. Occupancy rates plummeted as low as 15% in March, leading owners to shutter hotels and explore options like handing the keys back to lenders or adapting them for new uses.

TRT Holdings intends to hold onto the Berkshire Place property for now, according to a person familiar with the plans who asked not to be named because the matter is private. The Omni, located in the Midtown East rezoning district, may make a good candidate for an office conversion.
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Old Posted Jun 13, 2020, 3:05 AM
JMKeynes JMKeynes is offline
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Originally Posted by NYguy View Post
https://www.bloomberg.com/news/artic...ntly-shut-down

Billionaire Rowling’s Manhattan Hotel to Permanently Close

By Patrick Clark
June 11, 2020
This is a very prime location. Something spectacular will rise here.

So much for the multitude of morons predicting New York's post-Covid demise.
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Old Posted Jun 17, 2020, 11:01 PM
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This would be the perfect location for a super high-end residential supertall, hopefully designed by Stern or a major starchitect.

And yeah, tons of air rights are in play. This could probably go as tall as the developer wants.
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Old Posted Jun 17, 2020, 11:33 PM
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^ Would love to see something from Stern or even SHoP here. While the existing structure is nothing worth saving from an architectural standpoint, having stone and/or masonry at the base breaking up all the modern glass on that block is kind of nice.
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Old Posted Oct 25, 2021, 9:28 PM
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https://www.crainsnewyork.com/commer...ming-back-dead

A century-old Midtown hotel is coming back from the dead

NATALIE SACHMECHI
October 25, 2021


Quote:
The Omni Berkshire Place, a 399-room Midtown hotel that opened in 1926—it’s where Alfred Hitchcock was once a regular and Rodgers and Hammerstein wrote Oklahoma!—is getting a new lease on life.

The owner, billionaire Robert Rowling’s TRT Holdings, which closed it ostensibly for good last year, plans to welcome guests back Nov. 1, the deadline to reopen a hotel before it’s required to start making severance payments to laid-off staff under a city law passed this month.

Under the legislation, which members of the hospitality industry are challenging in court, any hotel that does not reopen to the public by that date with at least 25% of its workforce will have to pay staff members $500 per week in severance for 30 weeks from Nov. 1.
Quote:
The hotel, which shuttered in June last year, currently costs $6 million per year to operate closed, including mortgage and property tax payments, Strebel said. No money is coming in, he said, but with tourism in the city picking up, the hotel might be able to break even.

The hotel would have reopened eventually given rising occupancy rates in hotels around the city, he said.
Quote:
A handful of other hotels that are currently closed, including the 1,300-room Grand Hyatt near Grand Central, are preparing to reopen by Nov. 1 with limited staff, to avoid paying severance payments to former staff.

The law provides an exception for hotels that have closed permanently and are being converted to another use such as offices or multifamily housing, but Omni did not want to go in that direction or sell the building, Strebel said.
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