For years we've known the Orchard Street Hell Building as the biggest eyesore (and sometime soul eater) on the Lower East Side. Soon it may be something else entirely?a 290-room hotel!
A hotel has long been a part of the plans for the site, but Crain's reports a couple of developers have picked up the building for $46 million. The plan: to make it part of the Hotel Indigo brand and open the hotel in 2013. Our favorite stalled-out shell, which shocked us with a bit of a retail comeback last fall, will even, according to the developers, end up with a restaurant, bar, fitness center, and pool. Let's just hope they don't display photos of the building's under-construction days in the lobby. Sweet dreams, guests!
· 290-room hotel set for Lower East Side [Crain's]
· 180 Orchard Street coverage [Curbed]