NEW YORK | 45 Broad Street | 366m | 1200ft | 68 fl | On Hold

Urbika:http://www.urbika.com/projects/view/620-nobu-45-broad-street

Nobu Hotel and Residences will be a 65 story building at 45 Broad Street. The building will be built in the Financial District in New York City. The building will be eco friendly using wind power and recycling its water. The building is expect to be complete by 2010 and will rise to 650 feet. The building will feature a 128 room hotel from floors 1-41. Floors 41-62 will be Condos and Homes. The building will feature a Club a Spa and an Outdoor Terrace. The other floors will be used as Retail, Stores, Restaurants, and an observation deck at the 65 floor. The building has more than 13,000 sq feet of space. The building will be designed by the Rockwell Group. The building will be made with transparent glass with a 6 story base.

Nobu Hotel and Residences at 45 Broad Street
Developers: Robert De Niro, Kent Swig, and Nobu Matsuhisa

When the news broke in May 2008 that Robert De Niro’s upscale Nobu restaurant chain would open a Japanese-themed hotel and condo in the Financial District, it sounded like a sweet deal: mini-bars with green tea and sake, room service from the Nobu restaurant, and stores and an observation deck on the top floor. But construction of the eco-friendly, 65-story tower at 45 Broad Street—a joint venture by Swig Equities, Mr. De Niro, and star chef Nobu Matsuhisa—has stalled. Lehman Brothers tried to foreclose on the project in January 2009, claiming that Mr. Swig had defaulted on at least $49.2 million in loans.

While the lawsuit is still ongoing, Mr. Swig’s attorney issued a blistering response to the complaint in May 2009: “[Lehman’s] bankruptcy derailed, if not doomed, the Project, causing among other things, a termination of discussions between the parties, depriving 25 Broad and 45 Broad of further financing, preventing further development of the Project, and blocking further development of the 45 Broad Property. Lehman has successfully implemented the scheme and avoided its obligations.”

Meanwhile, the developers are also fighting battles on other fronts. Lehman—not sated with dooming just one of Mr. Swig’s hotels—is also filing to foreclose on his Exchange Condominium at 25 Broad Street. The first Nobu Hotel, which was supposed to debut last summer in Tel Aviv, has also seen its opening delayed, though the Web site insists, “Construction of the hotel has already started and the hotel will be open in summer 2010.”

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