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Morris Moinian's New Midtown Hotel Will Look Like This

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Morris Moinian, brother of the notorious Joseph Moinian, is developing a 37-story hotel at 1150 Sixth Avenue between 44th and 45th streets, and NY YIMBY has gotten their hands on some renderings showing what that hotel is going to look like. The renderings show a base of a few floors, with the rest of the tower set back from the street wall and the neighboring buildings, creating what appears to be some sort of planted terrace.

Moinian's Fortuna Realty bought the 100-year-old building that currently stands at the site, the Pan American Magazine Building, in 2011, paying $39 million. (Coincidentally, the former owner of the building was influential in getting Sixth Avenue renamed to "The Avenue of the Americas," the name that is now used by basically no one, ever.) It was reported at the time that the project would cost $140 million. Moinian told Hotels magazine earlier this year that he had purchased enough air rights to "build a 40- to 50-story tower with a 400-room luxury hotel," although it appears that the actually building won't be quite that big. There do not seem to be any new Department of Buildings permits, demolition or other, that have been filed since Moinian acquired the building, but a source tells YIMBY that groundbreaking is planned for 2015.

· First Look: 1150 Avenue of the Americas [NY YIMBY]
· Younger Moinian Brother Has Midtown Hotel Plans, Too [Curbed]
· A New Luxury Hotel will Take Over the Pan American Magazine Building [Hotel Chatter]