NEW YORK—Michael Achenbaum, founder of New York-based Gansevoort Hotel Group, has partnered with Douglaston Development, SUSD and Hondo Enterprises to develop a full-service urban resort at 45 Curtain Road in East London’s Shoreditch district, set to break ground early next year.
The $98-million project will have 120 guestrooms with seven luxury suites, a restaurant, bi-level bar, rooftop swimming pool and lounge, 24-hour fitness center, over 6,000 sq. ft. of meeting and event space and a tech incubator.
Architects Dexter Moren Associates and interior design group Design DMU will merge Achenbaum’s high standard for style and service with the edgy, urban vibe of the up-and-coming Tech City area in Shoreditch, paying homage to the district with designs inspired by the local street art scene, according to the company.
Royal Bank of Scotland provided debt financing for the development. The project is expected to create at least 150 jobs and is scheduled to break ground in the spring of 2014 with an opening slated for the following year.