NEW YORK CITY-Entertainment mogul Jay-Z has earmarked a Chelsea development site as the location for J Hotel, an upscale five-star 150,000-sf luxury hotel. The hotel will be the flagship for his new hospitality brand, which he intends to roll out in select cities following this New York City debut.

J Hotel, in the heart of the gallery district between 10th and 11th avenues at 510 W. 22nd St., also known as 511 W. 21st St., will be a prominent new addition to the burgeoning High Line neighborhood, according to Eastern Consolidated, who exclusively represented the seller. An Eastern Consolidated spokesperson tells GlobeSt.com that they cannot disclose the identify of the seller at this time; however, they did note that the seller is a private locally based investor who has owned the property for a long time.

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This entry was posted on Wednesday, December 12th, 2007 at 9:31 pm and is filed under News.