Public New York Ain't Happening in Herald Square Anymore
Just a mere 12 days ago we had hoped that the announcement of Hoxton Hotels expansion into NYC would light a fire under Ian Schrager's Public Hotels but now comes this bit of devastating news from the NY Post: the real estate deal for a Public Hotel at 855 Sixth Avenue is dead.
Apparently, the financials didn't work out between Schrager and Durst Fetner Residential. Yet before you put your dollar bills back into your pockets, Schrager did tell the Post that he is "in contract for another, undisclosed, site."
So Public New York is still happening, we just don't know where (Schrager did express interest in the Bowery nabe) and we don't know when, but we're guessing 2014 is still the estimated opening date. To be continued!