They also planned to convert the upper floors to luxury condominiums.
In 2012 the building sold to new owners, who plan to convert the upper 17 floors into apartments and renovate the lower levels.
A plan to convert the upper floors of the building into a boutique hotel was announced in 2013.
Or convert all the floors to condominiums and sell them in as-is condition mainly to users?
It intends to convert the upper four floors into offices as space becomes available.
In 1982, a new owner renovated the entire hotel and converted the upper floors to residential condominiums.
Mr. Giarratana recently converted the top four floors to condos and has sold all but 9 of the 33 units.
The new owners may convert the upper floors back into a hotel, said Eddie Sitt.
In December 2012 the building was acquired by a Virginia film which plans to convert the upper floors into residential apartments.
The frames were owned and operated by individual families who converted the top floors of their already cramped cottages to accommodate the large, complex machines.