Two buildings on West 54th Street in Hell’s Kitchen are making way for a new project, and we bet it’s a hotel.
Located between Ninth and Tenth avenues, 439 West 54th Street and 443 West 54th Street are being redeveloped by Great Neck-based MDTN Holdings 54 LLC. 439 West 54th, formerly a one-story commercial building home to Knickerbocker Glass, has already been razed; scaffolding is up at neighboring 443 West 54th, a four-story building with seven apartments.
In 2012, MDTN Holdings 54 LLC scooped up both properties for a combined $10.5 million, according to Department of Finance records — $4 million for 443 West 54th, which sits on a 25-foot-wide lot, and $6.5 million for 439 West 54th, which was on a 50-foot-wide lot. In July 2013, the developer filed permits for a seven-story hotel at the site. The 31,950-square-foot structure was to have 101 guest rooms, with a gym, bicycle parking and parking, according to the Schedule A filing. However, the plans were disapproved in November 2013.
Here’s a look at the properties before the razing began:
Samir Gandhi, who is listed as a member of the development team on the permits, is General Counsel at M&R Hotel Management — another indicator that the new project will be a hotel.
Photos of the site, taken yesterday: