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March 1, 2016

Tsang Enterprises proposes 17-story tower on 5th with hotel and condos

Courtesy Caron Architecture [enlarge]

A firm called Tsang Enterprises wants to build a 17-story hotel and condo tower at 2121 Fifth Ave., between Blanchard and Lenora streets.

Early plans for the complex call for 88 hotel rooms topped by 68 condos, according to documents prepared for a design review meeting tonight. The ground floor would have 1,700 square feet of retail, and separate lobbies for the hotel and housing.

Richard Tsang is listed as the owner on project documents, and Caron Architecture is designing the tower.

Charles Wallace, project manager at Caron Architecture, said Tsang is Chinese and has done some small residential projects here. Wallace said Tsang is “essentially a new developer on the scene.”

Wallace said Paul Brienen, who founded Brienen Structural Engineers in 2014, is also working on the project.

Property records show an entity with a Hunts Point address and managed by Rick Tsang paid $4.1 million for the site in October.

Wallace said the tower is limited to 160 feet because of its proximity to existing and planned towers on the block. The 24-story apartment tower called The Martin and the stalled project called Potala Tower share the block.

Wallace said a small site directly south of Tsang's site was recently put up for sale. Tsang could attempt to acquire it, Wallace said, but right now the focus is on the project as proposed.

The building will be only 58 feet wide, and underground parking is not feasible because of the small site. Wallace said Tsang plans to contract with other nearby land owners to use their parking.

The early design guidance meeting is set for 5:30 p.m. tonight at City Hall, 600 Fifth Ave.

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