Ian Schrager Breaks Ground on Chrystie Street ‘Public’ Hotel
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The start of Ian Schrager’s new Public Hotel on Chrystie St.
The oval parking lot south of the Avalon Chrystie is now cordoned off, inaccessible behind the newly-constructed perimeter plywood. Yes, Ian Schrager’s “Public” Hotel is most certainly ready for its moment to block in the sun.
A reader submitted the above photo showing that the ground has officially been breached by backhoe. It starts. Excavation is in its infancy, but if that 2016 completion date is to be met, this juggernaut will need to make fast work.
As we’ve reported, Ian Schrager – who purchased the property in 2012 for $50 million – and developer Beyer Blinder Belle are together dumping 28 stories of unneeded glass onto this lot (215 Chrystie). Plans for the mixed-use condo-hotel project include eighteen floors of lodging (161,170 square-feet), with the remainder set for residential use (33,386 square-feet).
Strap in.
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