/ / / /

Is Another Ace Hotel On Its Way To Downtown Manhattan? [UPDATED]

Where: 5 Beekman St [map], New York, NY, United States
March 19, 2012 at 9:36 AM | by | Comments (0)

UPDATE: SIKE! It's not going to be an Ace Hotel but rather A Thompson Hotel, the sixth Thompson for Manhattan!

We certainly hope so. In the past few months, there have been rumblings about an Ace Hotel opening up in Los Angeles, as well as a new hostel in Miami that's owned by the same peeps who own the Ace.

Now, we can add another entry to the "maybe" column on our list of upcoming Ace Hotels. While nothing has been confirmed, The Real Deal reports that an abandoned nine-story office building from the 1880s has been purchased by a joint venture partnership, one of whom is an owner of the Ace New York.

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."

[Photo: ScoutingNY]

Comments (0)

Post a Comment

Join the conversation!

Not a member? .
Use of this Site constitutes acceptance of our User Agreement (effective 3/21/12) and Privacy Policy (effective 3/21/12). © Condé Nast. Your California Privacy Rights. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast.
Ad Choices