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46-Story Hotel and Residential Tower Coming to Hudson Yards

By Maya Rajamani | October 3, 2016 3:35pm
 A rendering of Hudson Yards from the Hudson River.
A rendering of Hudson Yards from the Hudson River.
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HUDSON YARDS — A developer who briefly owned the historic Chelsea Hotel plans to build a hotel and residential high-rise in the Hudson Yards.

The Chetrit Group has filed plans to construct a 46-story tower with hotel and residential units at 545 W. 37th St., at 11th Avenue, permits filed with the city’s Department of Buildings show.

The group bought the property for $26.5 million back in 2012, The Real Deal reported.

The CetraRuddy-designed, 622-foot tower will house 358 hotel rooms and 131 residential units, the DOB filing shows.

The developer plans to build a lobby, event space and restaurant on the first floor, as well as a residential lounge and fitness rooms on the building’s 30th floor, according to The Real Deal.

Chetrit Group bought the Chelsea Hotel from its longtime owner for $80 million in August 2011, but sold it to King & Grove two years later, following two years of heated disputes with hotel tenants.