Hotel developer Sam Chang is set to move on a project two years in the making. A second Hampton Inn will open in the area – at 32 Pearl Street – to accommodate visitors. Crain’s New York covered the commercial real estate story, noting that construction is set to begin in March.
The story, by Lisa Flickenscher, revealed:
The seven-floor building, which has an Art Deco facade, is on a quiet section of Pearl Street about one block west of the landmark Fraunces Tavern restaurant and museum.
It will be an 80-room hotel that serves just breakfast, said Gene Kaufman, the architect designing the property. Mr. Kaufman designed the Hampton Inn hotel at the South Street Seaport, which opened a couple of years ago.
Since 2001, the number of hotels south of Chambers Street has more than tripled to 18.
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