Remember that lovely rendering of a set-back slab hotel that would go next door to the Williamsburgh Savings Bank building on Broadway? Turns out that it is very theoretical:

“Our architect did a design on spec — we don’t have that kind of money,” said [Juan] Figueroa, [owner of the site]. “I don’t know why he put it out there. He’s crazy to put it out there like that.”

So much for the “international design competition” the architect says that he was part of.

(Figueroa’s larger point is worth noting – someday he hopes to put a hotel on that site, just not necessarily this hotel. Maybe he’ll opt for a plan that has developable floor plates?)