Foundation work is now beginning on the 30-story, 298-key hotel under development at 143 Fulton Street, in the Financial District. Progress on construction can be seen thanks to a photo posted to the forums. The latest building permits indicate the 364-foot-tall tower will encompass 128,690 square feet. It will contain retail space on the ground and second floors, followed by a restaurant on the third, and the hotel component on the fifth through 29th floors. Guest amenities include a fitness center and storage for 11 bikes. It’s not currently known who the hotel operator will be. YIMBY revealed a rendering of the project, being designed by SLCE Architects, back in March. Tribeca Associates is the developer and completion is expected in 2018.