GlobeSt.com reported yesterday that Connecticut-based Square Mile Capital Management LLC and Latus Partners closed on a ground lease with Manhattan-based Trinity Real Estate at 330 Hudson Street, allowing the developers to proceed with a $220 million mixed-use hotel and office building that will seek a Silver rating under the LEED program. Brennan Beer Gorman Architects is to design the project, which will feature a twelve-story hotel offering 171 rooms rising out of an existing eight-story former warehouse that will be refurbished into 292,000 square feet of office space and 15,000 square feet of retail space. The tower will feature a 7,000 square foot roof (which will include a pool and sky bar) as well as a restaurant and various outdoor terraces. Construction should begin in October, with the office and retail spaces available for tenant fit-out in January of 2009.
The original 330 Hudson Street was designed in 1910 by Charles Haight, and BBG will restore the historic masonry building’s façade while executing its lightweight hotel tower design, which features a “signature double height loggia that heightens the sense of ascension” above the eight-story base (see image). Both hotel and refurbished office space will include various high-performance building systems in pursuit of the Silver rating; specific green design elements don’t seem presently available.
The 330 Hudson Street project comes on the heels of some other high-profile green hotel project announcements in Manhattan, including Arpad Baksa’s Greenhouse 26 in Chelsea and Starwood’s “1″ in Midtown. As I speculated in the aftermath of the Greenhouse 26 announcement back in April (in the context of conclusions drawn in the 2006 BD+C Green Building White Paper) we’ll continue to see an increasing number of green hotel projects as developers recognize the advantages- both hard and soft cost- that green provides them.
- Ground Lease Paves Way for $220M Development (GlobeSt.com)
- Arpad Baksa’s Greenhouse 26 (gbNYC)
- Starwood 1 in Midtown (gbNYC)