The work that has been intensifying at 223-225 Bowery, which is being converted into New York's second Ace Hotel, looks like it will be settling down for a period of time, after the Department of Buildings (DOB) last week issued a partial stop-work order for the ongoing activities, reports Bowery Boogie.
As part of the new Ace Hotel project, property owners Omnia Group and North Wind Group will drop three floors atop the building (including rooftop terrace on 11th floor) and set back. The plans are not immediately apparent in the DOB database, rather hidden under the address of 223 Bowery, Bowery Boogie further reports.
The stop-work order specifically is in regard to the underpinning of 225 Bowery to support the three-story addition. Meanwhile, neighbors to the project allege that there has been repeated misinformation about the nature of the Ace Hotel conversion, and are now worried about possible damage to the adjacent buildings.
When the hotel does open, it will have 180 rooms, restaurant and music venue. Omnia Group and the North Wind Group purchased the property for upwards of $30 million, assited by a loan of $32 million from HFF.