Omnia Group and North Wind Group’s hotel conversion at 225 Bowery has seen it shares of partial wo
Omnia Group and North Wind Group’s hotel conversion at 225 Bowery has seen it shares of partial work stop orders and construction problems, but newly released renderings may indicate the development is moving forward.
The $65 million renovation will convert the site of a former Salvation Army soup kitchen into a 10-story Ace Hotel. The number of rooms the hotel will have is still unclear, but according to a permit application filed with the Department of Buildings, 178 rooms are planned. The filing also shows the hotel will be 111 feet and around 61,000 square feet.
HAKS is the architect of record, according to its website. The architect’s description does not match the DOB filings, stating the “new micro hotel” will have 200 guest rooms and will span nearly 70,000 square foot. The hotel will have a 130-seat restaurant, rooftop bar and fitness center, according to the HAKS website.
A nearby three-story building at 223 Bowery was demolished to make way for the hotel and plans include a contentious 37-foot addition to the building, Bowery Boogie reported. In August, the DOB issued a partial stop work order at the site, Bowery Boogie reported.
Omnia and North Wind purchased the property at 223-225 Bowery for more than $30 million in 2012. It was in contract until the developers finally closed on the deal in March 2014.
Northwind, based in Midtown East, in partnership with Newmark Holdings, was in contract last July to buy a 20-story office building at 40-42 Exchange Place in the Financial District for $115 million. Omnia also developed a six-story condominium building at 25 Prince Street. [Bowery Boogie and Curbed] — Dusica Sue Malesevic
Source: The Real Deal