58 WEST 39TH STREET · NEW YORK
BRYANT PARK, MIDTOWN MANHATTAN
Midtown Manhattan
A boutique hotel investment
INVESTMENT OVERVIEW
Capital plan in the original business planM denotes millions of US dollars. For equity definitions and reconciliation notes, see Capital.
Where business and travel meet in Midtown Manhattan.
Developed by H Hotel LLC at 58 West 39th Street, the project envisions a high-rise boutique hotel with a rooftop lounge and outdoor spaces for business, leisure and international travelers.
Project figures follow the BP v6 overview and remain subject to the latest approved drawings. Differences from published design materials are explained in the source comparison.
Between Fifth and Sixth Avenues.
Parks, culture, shopping and transit
shape everyday life in the neighborhood.
Bryant Park
New York Public Library
Fifth Avenue
Times Square & Theater District
42 St–Bryant Park subway station
Penn Station rail hub
58 West 39th Street, New York, NY
View on mapFloor-to-ceiling windows, contemporary interiors and varied room layouts.
Space for different ways to stay in Midtown.
An indoor lounge on floor 39 and an outdoor terrace on floor 40 are planned as elevated communal spaces.
Plans include a fitness center, lobby workspace, grab-and-go pantry and ground-floor outdoor courtyard.
The associated property is planned for administrative offices, storage, staff facilities and a kitchen.
ARCHITECTURE & PUBLICATIONS
Marin Architects brings hospitality design to the constraints of a New York City site. A cantilevered form and nighttime lighting define the tower, while rooftop dining and shared spaces extend the guest experience.
The architect's project page describes a cantilever extending approximately 25 feet over the neighboring property to increase upper-floor space. This reflects the publicly presented design.
View the Marin Architects projectMichael Young's article presents updates to the tower design alongside renderings of the glass-roofed courtyard, entrance lobby, rooftop spaces and guest interiors, documenting the design and construction stage at the time.
Read the New York YIMBY articleHistorical coverage of the design's evolution. Construction progress and completion estimates in the article do not describe the project's current status.
Published sources and the business plan give different project figures. The comparison retains each source's figures and does not establish the latest approved scheme.
| Source | Rooms | Floors | Area (sq ft) |
|---|---|---|---|
| BP v6 project overview | 185 | 41 | 110,113 |
| Marin Architects project page | 173 | 42 | 96,712 |
| YIMBY · January 25, 2024 | 173 | 42 | Not stated |
The main presentation follows BP v6. Current room counts, floor counts, building area and completion dates should be confirmed against approved drawings and formal project updates.
Total development budget in the original business plan
CAPITAL SOUGHT
The original plan proposes an EB-5 loan for remaining construction and completion,
including MEP systems, curtain wall, interiors and equipment installation.
| Use of funds | Amount |
|---|---|
| Land-related costs | $38,750,000 |
| Hard construction costs | $74,270,671 |
| Architecture & engineering | $2,277,434 |
| Furniture, fixtures & equipment | $2,710,000 |
| Other soft costs | $14,096,530 |
| Financing costs | $11,088,353 |
| Total investment | $143,192,988 |
Based on the BP v6 sources-of-funds table. Equity is a capitalization plan, not confirmation of funds contributed or available cash. The narrative separately refers to approximately US$60 million of equity; these figures require reconciliation. The raise, interest rate, term and investment conditions are subject to formal documentation.
PROGRAM OVERVIEW
EB-5 is the fifth employment-based immigrant preference category. Eligible investors may apply for permanent residence by investing in a new US commercial enterprise and meeting job creation and other requirements.
USCIS program overviewThese are general program requirements, not confirmation that this project has been approved. Investments must also satisfy lawful source-of-funds, at-risk capital and other requirements. Applicable amounts, eligibility and filing requirements are governed by USCIS rules in effect at the time of filing.
TARGETED EMPLOYMENT AREA
Selected area: Census Tract 84, New York County.
This is a third-party map result, not a USCIS TEA determination or project approval. The project's TEA eligibility is subject to USCIS review of formal analysis under the applicable rules. Qualified advisers should review the final investment and immigration documents.
Read the USCIS questions & answers on TEAsThis section provides general information, not legal or investment advice. It offers no assurance of principal repayment, returns, visa availability or immigration outcomes. Information compiled on .
HVS construction completion estimate
According to the original business plan, remaining work includes MEP systems, curtain wall, interiors, equipment installation and final inspections.
The original schedule targeted completion in December 2026 and opening in January 2027. It does not confirm the current construction or opening dates.
Current construction progress, permit status and opening plans await an update.
Manager, H Hotel LLC
Chief Executive Officer, Crosscity Construction Corp
INVESTMENT INQUIRIES
H Hotel LLC
58 West 39th Street