Trump SoHo

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Trump SoHo
Trump SoHo tower from Varick Street.jpg
(2017)
General information
Status Complete
Type Hotel-Condominium
Location 246 Spring Street, Manhattan, New York City
Coordinates 40°43′32″N 74°00′19″W / 40.725486°N 74.00528°W / 40.725486; -74.00528Coordinates: 40°43′32″N 74°00′19″W / 40.725486°N 74.00528°W / 40.725486; -74.00528
Construction started 2006
Completed 2008[1]
Cost $450 million
Height
Roof 454 ft (138 m)
Technical details
Floor count 46
Design and construction
Architect Handel Architects, Rockwell Group
Developer Trump Organization, Bayrock Group LLC, The Sapir Organization, FL Group[2]
Structural engineer DeSimone Consulting Engineers
Main contractor Bovis Lend Lease
Website
Condos: www.trumpsoho.com
Hotel: www.trumphotelcollection.com/soho

Trump SoHo is a $450 million, 46-story, 39-unit hotel condominium located at 246 Spring Street at the corner of Varick Street in the Hudson Square[3] neighborhood of Manhattan, New York City. It was announced in 2006[4] and completed in 2008.[1]

The area is zoned for manufacturing, which precludes permanent residences from being built there.[5] The condo-hotel design was approved after negotiations with New York City Mayor Michael Bloomberg.[5] As a hotel condominium, 391 dwelling units within the building will be privately owned, but no unit may "be occupied by the same person for more than 29 days in any 36-day period, or for more than 120 days a year."[6] When not occupied by the owner, an empty unit may be rented out as a hotel suite.[5]

The project was a collaboration between Trump, the Bayrock Group and Tamir Sapir.[5] The building is being overseen by President of the United States Donald Trump, his children Donald Trump, Jr., and Ivanka Trump, and Sean Yazbeck. The Trumps have not invested their own capital in the project.[5] The Trump SoHo is the most recent building project constructed by Trump with his name on it, as of August 2016.[7] Design architects for the building are Handel Architects, based in New York. The interior designer is David Rockwell of the Rockwell Group.

The AIA Guide to New York City, 5th edition, calls the building a "banal glass box".[1]

Amenities

The developers claim that the 386,000-square-foot (3.59 ha) condo-hotel was designed to contribute to the neighborhood as well as the skyline. On the other hand, many complain that it "sticks out like a sore thumb" and is entirely inappropriate for the area. Along with the private rooms, it is expected there will be public areas, including the Quattro Gastronomia Italiana restaurant, and a public garden, two story guest lobby, Library and Bazaar, the hotel's cocktail lounge.[8] There will also be a business center with conference and meeting rooms.

The hotel will feature an outdoor, seasonal pool deck with a bocci court. Located on the same level will be the 11,000 square feet (1,000 m2) The Spa at Trump, fitness facilities and the seasonal bar Bar d’Eau.

The external walls of each room will be made completely of double sided mirrors, giving its tenants a panoramic view of the Statue of Liberty, Hudson River, and the Manhattan skyline. The rooms are the only New York City hotel furnished by Fendi Casa.[8]

The 46th floor will be home to "SoHi", an event space offering New York skyline views.[8]

History

The plans for the building were unveiled on Donald Trump's show, The Apprentice,[9] and chosen by the Season 5 winner, Sean Yazbeck, over the Trump International Hotel and Tower project on the June 5, 2006, Apprentice season finale.

Construction and setbacks

Excavation and foundation work for the new building began in November 2006,[10] though full city approval for the project was not granted until May 2007.[11] The plan faced strong opposition from the Greenwich Village Society for Historic Preservation. The preservation group felt that the building was too large and not in keeping with the community's character. They pushed for rezonings of the Far West Village and Hudson Square that would prevent out-of-scale projects such as this.[12]

The building's entrance on Spring Street

Construction was temporarily halted in December 2006 after workers discovered human bones.[13] Archaeologists determined that the remains were from 19th-century burial vaults built under the former Spring Street Presbyterian Church,[14] which stood at the site until 1966.[15]

On January 14, 2008, formwork collapsed during a concrete pour, killing one worker. Yuriy Vanchytskyy, an immigrant from Ukraine employed by DiFama Concrete, fell from the 42nd floor and was decapitated; three other workers were injured. The Department of Buildings halted work on the project and the contractor, Bovis Lend Lease, was issued four violations. Investigators subsequently determined that the wooden formwork did not meet industry standards.[16][17][18] The stop-work order, which only applied to the building's upper floors, was later lifted on August 22.[19]

The building's financing was troubled: Bank of America dumped the mezzanine loan for far less than its $75 million face value and the lenders who have $350 million in loans had to restructure debt with the developer.[5]

Fraud lawsuit

On November 2, 2011, a lawsuit filed by buyers of ten condos in Trump Soho, including French soccer star Olivier Dacourt, was settled with plaintiffs recovering 90% of their deposits. The plaintiffs had claimed that they were tricked into buying the condos by "deceptive" sales figures of the developers and that the number of apartments sold at Trump Soho had been "fraudulently misrepresented." The New York Post described plaintiffs' 90% recovery as "staggering."[20]

Before the settlement, The Wall Street Journal reported that the owners of Trump SoHo were offering buyers partial refunds on their deposits if they agreed not to participate in the lawsuit.[21]

Business

In May 2017, WNYC reported that business at the Trump SoHo had fallen off, and that the hotel had plans to layoff some staff. The report speculated that the Trump name may be the cause of the downturn, although it pointed out that other Trump properties, such as the Trump International Hotel in Washington, D.C. and the resort-hotel in Mar-a-Lago, had not experienced business reverses, and were in fact doing very well.[22] Other Trump properties, such as golf courses in Los Angeles and the Bronx, had shown a marked decrease in business.[23]

References

  1. ^ a b c White, Norval; Willensky, Elliot & Leadon, Fran (2010), AIA Guide to New York City (5th ed.), New York: Oxford University Press, ISBN 9780195383867  p.187
  2. ^ Main Investments – Bayrock Group, FL Group, archived from the original (– Scholar search) on March 5, 2008, retrieved March 26, 2008 
  3. ^ "Hudson Square, Manhattan, New York City" Google Maps
  4. ^ Kaysen, Ronda (June 6, 2006), "Trump fires up new plan for Hudson Square hotel", The Villager 
  5. ^ a b c d e f Karmin, Craig (March 29, 2010). "Glitz Masks Woes For Trump SoHo". The Wall Street Journal. pp. B1–B2. 
  6. ^ Idov, Michael (March 30, 2008), Trump Soho Is Not an Oxymoron, New York Magazine, retrieved April 1, 2008 
  7. ^ Eichenwald, Kurt (September 14, 2016). "How the Trump Organization's Foreign Business Ties Could Upend U.S. national security". Newsweek. Retrieved September 22, 2016. 
  8. ^ a b c "Trump SoHo Fact Sheet" Trump SoHo Hotel website
  9. ^ "Trump SoHo from The Apprentice" YouTube
  10. ^ Anderson, Lincoln (November 3, 2006), "City to Trump: Yes to hole, no to building", Downtown Express 
  11. ^ Engquist, Eric (May 8, 2007), "Trump SoHo approved over objections", Crain's New York Business 
  12. ^ Greenwich Village Society for Historic Preservation (November 17, 2010), Preservation News 
  13. ^ Lombino, David (December 13, 2006), "Trump SoHo Project Is on Hold After Discovery of Human Remains", New York Sun 
  14. ^ Anderson, Lincoln (January 17, 2007), "Tales from the crypt: ‘Trump bones’shed light on abolitionist believers", The Villager 
  15. ^ Staff (November 7, 1966), "Abandoned Church On Spring Street Destroyed by Fire", The New York Times 
  16. ^ Lueck, Thomas J. (January 15, 2008), "Construction Worker Dies in 42-Story Fall in SoHo", The New York Times 
  17. ^ Burke, Kerry; Sandoval, Edgar; Moore, Tina (January 16, 2008), "Substandard construction at Trump Soho led to fatal collapse – city sources", New York Daily News 
  18. ^ Bagli, Charles V.; Rashbaum, William K. (January 16, 2008), "Many Violations for Employer of Worker Who Died in a Fall", The New York Times 
  19. ^ Hedlund, Patrick (September 5, 2008), "Trump back to work", Downtown Express 
  20. ^ Cuozzo, Steve (November 3, 2011), "Occupy Spring St.: Trump SoHo to give 90% refunds on deposits", The New York Post 
  21. ^ Karmin, Craig (November 17, 2010), "Trump Project Refunds Money", The Wall Street Journal, retrieved January 11, 2011 
  22. ^ Marritz, Ilya and Bernstein, Andrea (May 24, 2017). "Trump SoHo Plans Layoffs". WNYC News. Retrieved July 19, 2017. 
  23. ^ Fahrenthold, David A. and Kuznia, Rob (July 18, 2017) "Is the presidency good for Trump’s business? Not necessarily at this golf course." The Washington Post

External links

  • Trump SoHo Condominium website
  • Trump SoHo Hotel website
  • Trump Organization
  • Emporis.com Page
  • Trump SoHo Virtual Tour on YouTube
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