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Tower of Bowery: Boutique Hotel-to-Be?

A Curbed reader emails, "Perhaps yesterday's NYTimes Hotels vs. Condos story explains the scaffolding that?s been put up around 4 East 3rd Street?" Key bit:

"We are building with Robert DeNiro at Greenwich and North Moore Streets," he said. "It will have 93 keys and some very, very large suites. It is really upscale." Another construction project is at Bowery and Third Street on the Lower East Side. "There will be 140 rooms and probably a couple of restaurants, very boutique."Anyone got intel? Hotel or no, let us take this moment to once again thank Scarano Architects for enriching the East Village skyline with this massive dungdropping?that rare building that appears significantly more horrifying each time our eyes alight on it.
· Manhattan's Rival Booms: Hotels vs. Condos [NYTimes]
· The Tower of Bowery [Curbed]