Ian Schrager’s Public Hotel Slapped with Stop-Work Order
The project site of Ian Schrager’s first New York City location of the Public Hotel is off to quite the start. Lots of news tidbits flying around these days. Excavation and foundation work is underway; in the northeast corner of the lot is a concrete mockup to provide an example of the look and feel of the completed project. Then we learned a few weeks ago that the condo component of this hotel will soon hit the market at an unwieldy price point. The top ten floors of this monstrosity will house eleven units with asking prices of roughly $4,000 per square-foot.
Hold that thought, though. The Department of Buildings levied a stop-work order on Tuesday regarding unsafe excavation work.