At long last, excavation and foundation work has taken off at 215 Chrystie Street, the site of hotelier Ian Schrager's first Public brand addition to the city. And just as soon, the hotel and condo development has been slapped with a stop-work order, says Bowery Boogie, for practicing unsafe excavation work. Looks like things are not full steam ahead on the 28-story Herzog & de Meuron-designed tower.
When complete, the building will have a 370-room hotel, and 11 apartments spread over the its top ten floors. The apartments, three of which will be full-floor, will reportedly command about $8 million to $25 million, or $4,000-per-square-foot; a relatively insane ask for its Lower East Side surrounds, but more or less in line with Herzog & de Meuron's other downtown tower, which has pretty much gone buck wild in the sales department.
The condos atop the building will of course benefit from the hotel's amenities. A tipster sent along a list of what buyers can expect, including "lifestyle management" and someone who can tell you what's wrong with your computer/internet/general technical "prowess" at all times. There's also a ton of other "services": a catering service, pet walking and sitting service, "repair service," "fresh flower service," valet parking, limousine service and car washing, complete housekeeping, bellman service, room service, "bathroom amenity service," and much more.
Sales for 215 Chrystie Street will launch imminently.
· Ian Schrager's Public Hotel Slapped with Stop-Work Order [BB]
· All 215 Chrystie Street coverage [Curbed]