Recession Aggression! Hotel Planned for Ninth and 42nd

577ninthavenue Recession Aggression! Hotel Planned for Ninth and 42nd Ever the congenital optimists, developers are apparently taking the recent lukewarm economic indicators as the sign to get going on new developments.

One is planning to build a 38-story hotel at the corner of Ninth Avenue and 42nd Street, according to city records.

On June 3, Bernard Friedman, a partner in a development company called 400 Times Square Associates LLC, filed plans to build a 170,048-square-foot tower at 577 Ninth Avenue.

Mr. Friedman, of Penmark Realty Corp. (founded by Friedman Management Company), did not respond to multiple requests for comment. But the plans call for retail on the cellar and first and second floors; hotel rooms on floors 4 through 27; a hotel bar and pool on floor 29; and apartments on the remaining top floors.

Perhaps denizens of the nearby New York Times headquarters and the Port Authority bus terminal will drop by for swims.

drubinstein@observer.com

Article continues below
More from Politics
BERLIN, GERMANY - DECEMBER 07:  A protester holds a placard showing a portrait of Russian President Vladimir Putin altered to look like Adolph Hitler during a demostration to  demand an end to Russian aerial bombing of the Syrian city of Aleppo in front of the Russian Embassy on December 7, 2016 in Berlin, Germany. The Russian military is supporting Syrian government military forces fighting rebels in Aleppo with aerials bombardments that, according to independent observers, has resulted in the heavy loss of civilian lives.
Putin’s Balkan Terror Plot Exposed