On Henry Street in the LES.
On 51st Street between Eighth and Ninth Avenue.
On 11th Street between Avenue A and Avenue B.
An early promotional brochure for the building promised tenants an “immense Swimming Pool and Turkish Bath establishment, open day and night,” equipped with “every modern device making for comfort, safety and sanitation.” This was in addition to the Postkeller restaurant, the barber shop and the Hospital Room “for female stenographers, clerks and others, where they may receive first-aid treatment and simple remedies at the hands of a competent nurse.”
These challenges pale in comparison with the difficulties faced by Gene Kaufman, an architect who designed a 113-room hotel that is being built just a few blocks from Wall Street.
This L-shaped hotel, which will be a Wyndham, will have entrances at 51 Nassau Street — opposite the New York Federal Reserve Building — and 20 Maiden Lane. But its longest street frontage will actually be in a dark, narrow one-block alley called Liberty Place.
The hotel is being built on this odd-shaped lot because it has to encompass three low-rise buildings on the corner of Nassau Street and Maiden Lane that the developer, the McSam Hotel Group, was unable to acquire. These buildings all had commercial tenants with long leases who could not be enticed to leave, Mr. Kaufman said.
“These old buildings were in very bad condition, so we had to be careful not to create any vibrations that could damage them,” Mr. Kaufman said. But, he said, that was just the beginning of his headaches.
For one thing, the New York City subway system passes directly beneath this site, and it has ventilation shafts on all three sides of the building. This meant the developer had to dig deeper for the foundation. But as the excavation began, he discovered that the three older buildings had foundations extending into the property lines for the hotel.
“We’ve wrapped around little buildings before; we’ve built against the subway before; we’ve built on narrow sites before,” Mr. Kaufman said. But never all at once. “It was like fitting a diamond into a setting,” he said.
Nearly $5 billion in development projects in New York City have been delayed or canceled because of the economic crisis, an extraordinary body blow to an industry that last year provided 130,000 unionized jobs, according to numbers tracked by a local trade group.
The setbacks for development — perhaps the single greatest economic force in the city over the last two decades — are likely to mean, in the words of one researcher, that the landscape of New York will be virtually unchanged for two years.
“There’s no way to finance a project,” said the researcher, Stephen R. Blank of the Urban Land Institute, a nonprofit group.
Charles Blaichman is not about to argue with that assessment. Looking south from the eighth floor of a half-finished office tower on 14th Street on a recent day, Mr. Blaichman pointed to buildings he had developed in the meatpacking district. But when he turned north to the blocks along the High Line, once among the most sought-after areas for development, he surveyed a landscape of frustration: the planned sites of three luxury hotels, all stalled by recession.
[I]f drinking and dining have always been a moveable feast in New York, is charisma cartable? Can the character of everything from venerable pubs to palatial eateries migrate with their names and owners? This portability issue has gained new urgency in a season of economic disarray, when property owners are less willing to extend the leases of even the most beloved old-timers.
Loyalists can be fickle, and geography perilous. “New York is so provincial, three blocks is a huge distance,” said Patrick Daley, the owner of Kettle of Fish, the classic step-down barroom at 59 Christopher Street in Sheridan Square, in the space formerly inhabited by the Lion’s Head, a lionized writers’ pub, which closed in 1996.