The Ace Hotel is quietly moving forward with not one, but TWO projects on the Lower East Side. The first project is located at the end of Orchard Street (and Canal), while the second building under renovation is located at 225 Bowery. The Bowery Boogie has the complete story, however I was able to speak with a real estate broker who is organizing the Bowery deal.
The broker, who chose to remain anonymous, first reported that he was working a deal at 225 back in June. He told me a “high end and well-known hotel” was scouting the Bowery location for a new project. It was also mentioned that they are in the city already and have an interest in at least three locations throughout Manhattan and Brooklyn. Apparently things are really moving forward with the deal. No completion date has been announced, however I have been reassured it will NOT be for the next year at least. More to come as the project really starts to take shape.
A little more on the Ace Hotel – The New York Ace Hotel is located in the trendy NoMad neighborhood (North of Madison Square Park). This chain is a personal favorite of mine. Similar to the Standard Hotel chain, The Ace features beautiful public spaces (the lobby also has free Wi-fi and is a great place to see and be seen) as well as an Opening Ceremony, Stumptown Coffee, and the Breslin restaurant.
The boutique chain also has locations in London, Palm Springs, Los Angeles, Portland, Seattle, and a growing list of other locations.
Life + Real Estate + New York 