Demolition for $2.5B Times Square hotel begins

Demolition has started on the former Doubletree Hotel in Times Square, paving the way for a plan to bring a massive new hotel and “experiential retail” hub to one of the most heavily trafficked corners in Manhattan.

Developer L&L Holdings hopes to complete by 2022 its $2.5 billion plan for a new 46-story tower at 1568 Broadway, called TSX Broadway, which will include a substantial renovation of the century-old Palace Theater. But first, the developer must tear down the existing 46-story hotel on the site, which sits on a corner of Times Square that last year saw 67 million visitors.

“You take it very slowly and with a lot of planning,” said David Orowitz, managing director at L&L Holdings, which is working with partners Maefield Development and Fortress Investment Group.

Crews started the process of destroying the building floor by floor last week, starting with the 46th level. The debris and rubble from the old floors will be sorted and fired down the chute—the building’s former elevator shaft—to a crash pad at the bottom of the building.

Original Post: Crains New York

SCHEDULE A ONE-ON-ONE CONSULTATION WITH AN EB-5 EXPERT

Your EB-5 expert will reach out shortly to confirm details of your consultation

SCHEDULE A ONE-ON-ONE CONSULTATION WITH AN EB-5 EXPERT

Date
MM slash DD slash YYYY
Meeting Location
*
First Last
Email*
Phone (ex: +91 9882209770)*
This field is hidden when viewing the form
Phone (ex: +91 9882209770)
OLD - no longer used
Country of Citizenship*
Why Are You Looking to Come to the US?
This field is hidden when viewing the form
gclid

SCHEDULE A PHONE CALL WITH AN EB-5 EXPERT

Your EB-5 expert will reach out shortly to confirm your selected date and time

SCHEDULE A PHONE CALL WITH AN EB-5 EXPERT

Date*
Month
Day
Year
Time*
Timezone*
*
First Last
Email*
Phone (ex: +91 9882209770)*
Country of Residence*
Country of Citizenship*
This field is hidden when viewing the form
gclid

SCHEDULE AN IN-PERSON MEETING WITH AN EB-5 EXPERT

Your EB-5 expert will reach out shortly to confirm a date and time to meet

SCHEDULE AN IN-PERSON MEETING WITH AN EB-5 EXPERT

SCHEDULE A PHONE CALL WITH AN EB-5 EXPERT

Your EB-5 expert will reach out shortly to confirm your selected date and time

SCHEDULE A PHONE CALL WITH AN EB-5 EXPERT

Date*
Month
Day
Year
Time*
Timezone*
*
First Last
Email*
Phone (ex: +91 9882209770)*
Country of Residence*
Country of Citizenship*
This field is hidden when viewing the form
gclid

Sign Up to Learn More