search

The Real Deal Logo

Trending

Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomChetrits have a problem in PassaicChetrits have a problem in PassaicHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraud
New York

Schrager’s Public hotel project hit with stop-work order

City cited "unsafe excavation work" at 25-story hotel-condo

Renderings of 215 Chrystie Street on Lower East Side (Inset: Ian Schrager, courtesy of STUDIO SCRIVO)
Renderings of 215 Chrystie Street on Lower East Side (Inset: Ian Schrager, courtesy of STUDIO SCRIVO)

Hotelier Ian Schrager’s planned Public Hotel on the Lower East Side has been hit with a stop-work order.

The 25-story, 200,000-square-foot hotel at 215 Chrystie Street is slated to hold 370 hotel rooms and 11 full- and half-floor condominium units on the upper floors. The project would mark the launch of the brand in New York City. Schrager plans to build another Public outpost on the far West Side.

Sign Up for the undefined Newsletter

The Department of Buildings issued the order Tuesday for “unsafe excavation work,” according to Bowery Boogie.

Swiss architecture firm Herzog & de Meuron is designing the hotel, while Douglas Elliman Development Marketing is handling sales for the residential component. The Public hotel brand debuted in Chicago in 2011.

Schrager and his partner the Witkoff Group acquired the Chrystie Street in 2012 from landlord Rubin Schron for roughly $50 million, as previously reported. [Bowery Boogie] — Mark Maurer

Tags
Hotel MarketIan Schrager