The ornate loggia wasn't enough to disguise this week's Cornerspotter property, which was quickly identified by an anonymous commenter as the Knickerbocker Hotel on 42nd Street and Broadway. The Beaux-Arts building opened in 1906 as a hotel, and 15 years later, it was turned into an office building. In the '80s, a developer tried to make it residential, but commercial space proved more profitable, and it functioned as showrooms and studios for fashion companies, with retail on the ground floor. It sold to FelCor Lodging Trust last year, and a $115 million makeover is currently underway to return the landmark structure to its glory days. The independent hotel, set to open late this year, will feature 330 guest rooms averaging 420-square-feet, restaurants, and a rooftop bar.
· Hint: A Familiar Building That's Returning to Its Origin [Curbed]
· Knickerbocker Hotel coverage [Curbed]