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A New Jersey-based developer has filed plans with the New York City Department of Buildings for a new hotel in Chelsea.
Frank Ng purchased the lot at 132 West 28th St., occupied by a five-story apartment building, in 2007 for $14M. After putting up an assemblage stretching from 132 to 144 West 28th for sale in 2014 at an asking price of $120M, Ng appears to have changed tack with his own hotel plans, Real Estate Weekly reports.
The plans call for a 32-story, 203-key hotel that would take up 125K SF, with a bar and restaurant on the ground floor, a fitness center on the second floor and conference rooms on the 30th floor. Most floors would contain eight rooms each.
The hotel, if approved, would rise two blocks from the Ace Hotel on 29th Street.
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