The project is funded entirely by a capital investment by the owners and their partners.

The current traffic pattern for the warehouse/office space floods the streets at peak hour times. The building is only 60% full at this time. A full lease up of the existing building would almost double that traffic. The proposed use consists of +/- 60 full time employees spread out over three shifts. This is a huge reduction in traffic volume. Additionally, All deliveries, guest parking, and employee parking will be through the western (MTA side) of the building, eliminating the commercial warehouse vehicles currently utilizing the loading docks on Buckhout.

The proposed demand is about one-third of the existing demand, because the existing number of spaces don’t serve the building at capacity. The proposed adaptive re-use will alleviate the overflow of parking on surrounding streets by moving parking to the underground garage below the building. Click here for more details.

As a luxury boutique hotel and residences, it’s imperative that significant sound insulation is part of the design. This design element also relates to energy efficiency which is a focus of the design team. This benefits hotel guests, residents inside the building and throughout the neighborhood. 

No - the proposed building will not be taller than any existing architectural feature and increases the air and light along Buckhout. Refer to the slider on the homepage for visual impact.

The existing building was not built to today’s storm water standards. The property is almost entirely impervious, meaning water drains down the hill. The proposed project integrates modern storm water codes, includes green roofs and storm water detention eliminating the overflow of water to the areas below.