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NEW YORK CITY—The Moinian Group has topped off the W New York Downtown Hotel & Residences at 123 Washington St., the owner and developer announced Tuesday. Occupancy for the 58-story property, which includes a 217-key hotel and 223 residential condominiums on the upper floors, is scheduled for early 2010.

“Despite the current economic fluctuations affecting the market, the Moinian Group and W Hotels are dedicated to the success of this development,” says Moinian Group president Joseph Moinian in a release. He adds that Downtown “continues to be underserved by hospitality options” and the W project “is poised to fill this need.”

With its exterior design by Gwathmey Siegel & Associates Architects and interior design by Graft, the 400,000-square-foot 123 Washington project has garnered more than $100 million in pre-sales on its , according to a release. A new on-site sales and welcome center is slated to open in October, with SHVO handling exclusive marketing and sales for the property.

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