Level Hotel

The new Level Hotel planned for 55 Wythe in Williamsburg wasn't much more than a rendering when it was revealed last month, but one of 6sqft's intrepid reporters swung by the site recently only to find that construction on the Jetson's-like building had commenced. Permits for the 320,000 square foot hotel were approved in early April, and according to locals, heavy equipment arrived on the scene a few weeks ago with groundwork now well underway. Now, further cementing Level's status as a hotel of the future, the hotel's developer, Zelig Weiss, closed on an $18.35 million loan from Madison Realty Capital to purchase the site for about $30 million, according to Crain's.
More details and photos here