For some longtime Williamsburg residents, the neighborhood already exhibits twilight-zone-like traits—the massive gentrification, glass waterfront towers, and skyrocketing rents—but the new Level Hotel planned for 55 Wythe Avenue is a literal translation of these possible feelings with its space-ship-looking design.

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After years of failed attempts by developers, GFI Capital Resources Group is accomplishing what some thought was impossible: They are converting 5 Beekman Street – along with its empty next-door neighbor 115 Nassau Street – into a hotel and condo.

The landmark building was one of New York’s original skyscrapers, once towering nine stories. Its distinctive architecture boasts the famous Temple Court, an interior atrium punctuated by a skylight in the shape of a pyramid. It is surrounding this very feature that 287 hotel rooms will be constructed.

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In New York, time is money, and so is square footage. As a result, hotel rooms are some of the most expensive in the country, out of the reach of many. But a number of NYC hotels have begun to pack luxury design into tiny quarters, lowering the cost and making for some beautiful rooms.

At the forefront of this small space sensation? The YOTEL, located right in the heart of NYC, and hip kids’ haven, The Jane.

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