Report: Jared Kushner Just Bought the Hotel on Rivington
Trump son-in-law, and presidential adviser, Jared Kushner, is under contract to purchase one of the most notorious properties on the Lower East Side. The posh, yet problematic, Hotel on Rivington in the heart of Hell Square.
The New York Post broke the story, noting that Jared and brother Josh are entering new territory by adding hospitality to the ranks of Kushner Companies.
Kushner Companies confirmed that the 20-story property is under contract, having purchased from former owner Paul Stallings. Apparently the thirteen-year-old hotel will undergo an extensive renovation to “compete with several newer hotels that have sprung up in the neighborhood.” (The last renovation here was back in November 2015.)
Kushner is a hated face downtown, where his firm owns a slew of East Village tenements as well as the Puck Building on Lafayette Street.
To say that the Hotel on Rivington is a terrible neighbor would be an understatement. It arrived in 2005, just as the area began to explode in mainstream popularity. According to 311 records, the business racked up the most noise complaints of any business in the 7th Precinct (i.e. over 200).