The Real Deal New York

Novac Noury rejected an offer from developer Andr Balazs to buy out his nearby building at 51 Little West 12th Street. Noury, known for inventing the arrow-shaped, water-spraying “keytar,” wants instead to build a 10-story “mini-inn” at the site, which he has owned since the mid-1980s. He has also proposed building a drawbridge-style “Stairway to High Line” that would link the adjacent 1.5-mile-long High Line Park to an outdoor patio in case of emergency. Balazs’ new 344-room Standard hotel on West 13th Street is slated to open next year.