[NYguy]

Now that they have officially announced the plan to demolish the hotel (surprising no one), we can speculate. It sounds like they will reopen the hotel in a mixed-use tower. But we are at least a few years away from anything happening on site. Besides the city's own emergency use as a shelter, PIA would have to partner with a developer, come up with a scheme for development, enter the city's pre-certification process (which itself could be a year or more) before a DEIS is issued, then a few months after that, enter the city's formal ULURP or approvals process. It's a lot, but must be done.


DECEMBER 16, 2023


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