Ace Hotels have a way of turning neighborhoods into trendy hotspots, and it looks like the lodging company is eyeing Downtown Brooklyn for its next outpost. The Commercial Observer reports that GFI Capital Resources, which developed Manhattan's Ace Hotel, is set to close a deal with Ace to create another at the corner of Schermerhorn and Bond Streets. GFI president and CEO Allen Gross reportedly purchased the development site with his equity partner Spruce Capital. No one would comment on the deal to the Observera spokesperson for Ace Hotels would only say they are "looking at a number of new projects including some in New York City"but we've reached out for more information.
No address for the site was given, but it appears to currently be occupied by a parking lot. The other three corners of the intersection hold a parking garage, Goodwill store, and the NY State Department of Labor's new building. The surrounding blocks are seeing a lot of construction, of the hotel and residential variety. At no. 300 near Nevins Street, work is underway on a Gene Kaufman-designed Holiday Inn, and at no. 319, a 13-story apartment building is on the way up. A little bit further away at no. 333, Douglas Steiner is building the Hub, a 53-story, 720-unit rental.
· Ace Hotel Likely Coming to Downtown Brooklyn [CO]
· All Ace Hotel coverage [Curbed]