Though the building has sat vacant for over 60 years now, The building was still in use until 2001 but in the past three years, it has been rented out for fashion and TV shoots and several developers have had their eyes on the building for quite some time.
First, the Chetrit Group (who now owns the Hotel Chelsea) and Bonjour Capital originally bought the building in 2008, planning to convert it into a 200-room hotel. Then, last year, Andre Balazs himself was in negotiations to purchase 5 Beekman Street (or, as it is commonly known, Temple Court).
That deal, evidently, never went through, but it seems the building is fated to become a hotel after all. And judging from the interiors (which have been meticulously photographed by architecture blog ScoutingNY), Temple Court, with its giant glass atrium (top) and intricate metalwork (above), seems to be better-suited as an Ace than a Standard.
The deal will supposedly be finalized in the next few weeks, after which we'll be waiting
im-patiently for more details on the future of this cool-looking hotel! In the meantime, if you're interested in more info on the building, check out their fan page on Facebook--"Friends of The Beekman Palace."