Ian Schrager's LES Hotel Project is Back On
It's been close to a year since hot hotelier Ian Schrager lay down $50 million to purchase a community garden at 215 Chrystie Street on Manhattan's Lower East Side. To the casual observer, not much has happened since then, but the Bowery Boogie last week reported that the Schrager had some unpleasant business with the neighbors to tie up first.
Sperone Westwater Gallery, which, as the Bowery boogie cheekily points out, is itself a relative newcomer to the area and "contributor to expedited change in the vicinity", opposed the development on the grounds that the development would negatively affect the character of the neighborhood. The gallery, in a complaint filed in January, said that the Board of Standards and Appeals failed to properly assess the environmental impact of such a large construction, and that the height of the building would hurt the gallery's property by blocking out sunlight.
In the final ruling, the judge denied the petition on the grounds that planned changes are "minor" amendments to a 1982 variance for a 9-story building already in place at the property, and that the building's height does not "appear incongruous with the surrounding neighborhood."
Once it gets going, Schrager's plan is to convert the lot into a 25-story hotel/condo building, with the hotel part (rumored to be a Public brand) occupying the first 18 floors. We'll be keeping a close eye on this one.
[Photo: Bowery Boogie]