Ian Schrager Pens Deal To Build 25-Story Lower East Side Tower

East
Friday, December 28, 2012
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Site of Ian Schrager's planned tower. (Courtesy Google)

Site of Ian Schrager’s planned tower. (Courtesy Google)

Boutique hotel pioneer Ian Schrager plans to expand his newest hotel concept, Public, to New York with a new 25-story hotel and residential tower on Manhattan’s Lower East Side. The Wall Street Journal reported today that Schrager and investors paid $50 million for the site at 215 Chrystie Street, once a garden for an adjacent low-income tower at 10 Stanton Street. The land was sold after tenants and the tower owner struck a deal to build a rooftop recreation area and extend affordability of the units. Schrager gained fame in the 1970s for operating the famous Studio 54 nightclub and has more recently developed the Gramercy Park Hotel and the Herzog & de Meuron-designed 40 Bond condo building, where he lives in the penthouse.

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Schrager in Chicago

Midwest
Monday, June 29, 2009
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The Pump Room in its heyday. (courtesy www.pumproom.com)

Ian Schrager is coming to Chicago. Crain’s reports that the hotelier, known for his high design boutique properties, is looking to buy and renovate the Ambassador East and it’s famous restaurant, the Pump Room. Read More

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