The deal to convert Eero Saarinen’s TWA terminal at John F. Kennedy Airport in New York into a top-flight hotel hit the skids recently. Andre Balazs Properties, which owns the Standard hotel chain and which had exclusive rights to adapt the iconic terminal has pulled out of negotiations with the Port Authority of New York and New Jersey and says it will no longer pursue the project. According to Crain’s New York Business, Balazs declined to elaborate on details of the deal’s demise.
For its part, the Port Authority said in a statement that it will continue to pursue the project and is ‘already in negotiations’ with a second prospective candidate from the proposal process to redevelop the historic TWA Flight Center as the building is now called. No word yet on who that might be other than to say that both Trump International and Starwood Hotels expressed interest in the project early on.