A Flushing-based real estate firm that’s been redeveloping some of the area around Penn Station now has its sights set on a project about 20 blocks north, records show.
Hiwin Group USA, which acquired a pair of Midtown West buildings last year for a combined $31.5 million, submitted plans this week to demolish them, according to permits filed with the Department of Buildings Tuesday.
The Queens builder, led by CEO Anthony Hu, snatched up 240 W. 54th St., a 4-story building once occupied by the now-shuttered Mexican restaurant and dance club Iguana, last May. About five months later, it bought 236 W. 54th St., a 4-story building formerly home to a sports bar and comedy club.
Harry Song, a representative for the firm, filed the permits to raze both properties on behalf of the developer, records show.
Hiwin Group has not yet submitted plans for what it intends to build on the soon-to-be demolished lots, between Broadway and Eighth Avenue, nor did it respond to a request for comment by press time. It’s likely, however, given the company’s other projects, that the site will include a combination of residential and retail, and perhaps even luxury condos.
The firm quickly sold out its 16-story, 69-unit luxury condo building that it built at 300 W. 30th St. in 2022 and is in the middle of construction on two similar projects at 250 W. 30th Street and 245 W. 34th St., both within blocks of Penn Station and slated for completion in 2028, according to its website.
