In December 2012, New Valley Realty joined Ian Schrager Company and Witkoff Group to develop 215 Chrystie Street, a luxury residential and hotel development in the Lower East Side of Manhattan. World renowned, Pritzker Prize-winning architects Herzog & de Meuron have been chosen as the design architect for the project to provide a globally recognized building with thoughtful design elements, spacious layouts, and first class finishes. The project will feature Ian Schrager Company’s newest hotel brand, PUBLIC, a new genre of sophisticated design, superb functionality and exceptional service at great value. Schrager's ability to create high-energy and cutting-edge food, beverage and nightlife concepts will supplement the hotel's 367 sophisticated guestrooms to establish an unrivaled hotel guest experience in Lower Manhattan.
Above the PUBLIC New York hotel will be the 215 Chrystie Street Residences, eleven luxury condominiums which will all offer pristine, unobstructed views of both Midtown and Downtown Manhattan. The Residences will comprise the top seven floors of the Tower, with three full-floor penthouse units (each with 360-degree views of Manhattan) set above eight half-floor units. The Residences will also benefit from a modern and stylish interior design from internationally renowned designer John Pawson.
The Project will offer exceptional food, drink and nightlife settings and serve as a “one stop shop” for entertainment and socializing. The venues will include multiple restaurant and bar outlets, lounges, indoor event space, and outdoor terraces and event space. Jean-Georges Vongerichten, well known for his vast empire of high end restaurants, will be retained to oversee the operation of the food and beverage facilities.
Gross Buildable Area (SF): 257,689
Sellable Residential Area (SF): 29,012
Total Condominium Units: 11
Unit Mix: 3 full floor penthouses (360-degree views of Manhattan), 8 half floor units
Total Hotel Keys: 367
Hotel Floors: SC2 -17
Condominium Floors: 19 -25
Architect: Herzog & de Meuron
Interior Architect: John Pawson