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Take a Look At Greenwich Street's Newest Hotel

Where: 523 Greenwich St [map], New York, NY, United States, 10013
August 4, 2011 at 8:50 AM | by | Comments (0)

Back in June, word got around about a 50,000 square foot lot on Greenwich Street, which had been scooped up by Fortuna Realty for a reported $12.7 million. The developer's plan? Naturally, a hotel.

This week, HotelChatter got an exclusive look at a rendering for the 124-room tower, which is slated to include at least one major restaurant concept. Nearby behemoths like Trump Soho and The Greenwich Hotel have basically had a monopoly on this highly lucrative section of the city, but now it's time for new blood. So who's the man behind the money?

Hotel developer and CEO of Fortuna Realty, the Iranian-born Morris Moinian, also happens to be the man behind Hotel Indigo Chelsea. Though Moinian has been successful with his Chelsea property, it is undecided whether the new Soho/Tribeca building will become an Indigo or not. Construction is scheduled to begin in several months, with an estimated 2013 completion.

Later next week, HotelChatter will sit down with Moinian himself to get a behind-the-scenes look at the world of hotel ownership. Moinian, among other topics, will touch on how he helped "push Indigo into a higher gear," and what exactly the "electric moment" is.

Stay tuned!

[Photo: HotelChatter / Fortuna Realty]

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