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263 Broome Getting Knocked Down for a New Hotel

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A tipster spotted a demolition application for 263 Broome Street, which calls for the demolition of the entire five-story structure using "hand held devices only." The application was approved last week, so our tipster wondered what's coming to the spot next?and then answered the question. The address on the DOB filing matches up with that of Sun Sun Property Investment, which lists a Lower East Side hotel project on its website. The architect is SM Tam Architect, but the only image shown on the Sun Sun Property website is a basic drawing, not any kind of formal rendering. Anyone know more?

Meanwhile, The Lo-Down notes that 263 Broome is on the market for $7.5 million. That listing appeared two days after the demolition permit was approved, but presumably the place is no longer on the market.

· Demolition application: 263 Broome [DOB]
· Sun Sun Property Investment []
· New Hotel Project Planned at 263 Broome Street [The Lo-Down]