Developers File Plans For 34-Story Times Square Hotel

MIDTOWN MANHATTAN, NY — Prolific hotel developer Sam Chang is moving forward with plans for a massive new building in Times Square that will contain nearly 1,000 rooms, according to plans filed with the city Department of Buildings.

The new development will rise 330-feet-tall at a vacant site on West 48th Street between Sixth and Seventh avenues, according to building plans. The 34-story hotel will house 974 dwelling units, according to the plans.

Planned amenities at the new hotel include dining facilities, a hotel bar and lounge, a laundry room for guests, bike storage and a coffee bar. Facilities such as hotel offices, linen rooms, storage rooms and garbage facilities will mostly be located underground, according to building plans.

Chang's McSam Hotel Group recently closed in on a $250 million loan to redevelop the site, real estate publication the Real Deal first reported. Construction on the new hotel could begin as soon as March, according to the report. The McSam Hotel Group acquired the site for $140 million from the Rockefeller Group, the Real Deal reported.