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Unfinished Lower East Side Hotel Already Planning to Check Out?

The Allen Street Hotel at 139 Orchard Street/138 Allen Street has been rising at a rapid clip?probably a good thing for the developer who might want to purchase the property. The Lo-Down spotted a listing for the unfinished hotel, and though the listing itself seems to have disappeared, the Lo-Down saved the deets. The listing offers a foundation and frameworks for 92 rooms and six suites, with a tax abatement already in place and a $24.5 million loan available. There's no price listed. We don't know whether the place is really on the market, but we headed down to the site for a look at how much of the hotel has gone up so far. Think it'll lure in a buyer?
· Unfinished Hotel at 139 Orchard Put Up for Sale [The Lo-Down]
· Allen Street Hotel coverage [Curbed]

Allen Street Hotel

139 Orchard Street, New York, NY