180 Orchard Street, this afternoon.
It’s demo day at 180 Orchard Street, one of the neighborhood’s most infamous construction sites. The heavy machinery is making quick word of the two story shell of a building. The structure is being taken down so crews can begin building a 26-story, 250 room Hotel Indigo.
It’s been a long haul for residents and local businesses on Orchard Street, who have had to put up with this eyesore since the bottom fell out of the real estate market several years ago. In 2011, Brack Capital bought the property for $46 million from developer Morris Platt. As we reported in November, this project is part of a huge hotel building boom on the Lower East Side. Just based on already-announced projects, the hotel room inventory is expected to triple to more than 1600 rooms in the next couple of years.
Click through for more photos, plus a rendering of the new Orchard Street hotel.
\
Issac Stern Architects’ renderings of 180 Orchard St., a future Hotel Indigo.
