The Grand Hyatt NYC Will Be Torn Down, Donald Trump’s First Major Building

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The Grand Hyatt NYC Will Be Torn Down

The Grand Hyatt NYC Will Be Torn Down

News came out today that The Grand Hyatt New York will be torn down.  This was the building that launched Donald Trump’s career as a real estate developer in Manhattan. He spent $100 Million renovating the building in the late 1970’s, early 1980’s.  The hotel has been considered a convention hotel for some time but some travelers, myself included, would stay there because of it’s proximity to Grand Central.

What Will Be Replacing It?

According to Bloomberg the building is now owned by TF Cornerstone.  They plan to demolish the building and put a new mixed-use building in its place.  The new tower will have 2 million square feet of space.  It will include a new Hyatt hotel, office space, and retail space.

The current hotel, which was completely renovated in 1980, will remain in business until at least the end of 2020.  Bloomberg also notes that a 2017 rezoning of the Midtown East area paved the way for taller buildings and improvements to public spaces and transit, including Grand Central.

Conclusion

While I thought the hotel was in decent shape when I was there a few years ago it has been around since the the early 1980’s. It is most likely starting to show its age and would have needed to be remodeled.  Plus the bones were based off of the Commodore Hotel which was completed in 1919.

It sounds like the developers want to take advantage of new zoning and air rights rules and build a larger structure as well.  It will be interesting to see what they Hyatt looks like when it is completed.

Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

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2 COMMENTS

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2 COMMENTS

  1. Ah this is unfortunate but it is what it is. It’s right next to Chrysler Building and to be honest I wish they didn’t rezone the area (NYC skyline has started to change already).

    • I wish they left some areas to the old architecture as well. But when there is money to be made things will change. It is sad to see.

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