Developer Charles Blaichman, who partnered with rapper Jay-Z on his torpedoed Chelsea hotel project, has announced plans for a new condo in the East Village.
Blaichman will partner with longtime associates Abe and Scott Shnay and Ironstate Development Company to build an 82-unit luxury condo at 211 East 13th Street between 2ndand 3rd Avenues, a site he bought from the Milstein family for $33 million last year, according to city records.
The eight-story building is being designed by Manhattan-based BKSK.
Architects and will feature a mix of studio, one-, two- and three-bedroom residences, as welt as 4,500 s/f of ground-floor retail space along East 14th Street. Amenities will include Fresh Direct storage, fitness center, lounge and a residents’ roof deck outfitted with an outdoor kitchen.
In addition, there will be private storage and roof terraces available for purchase, according to a statement issued by the partnership, which expects to break ground on the building in summer of 2012 and complete it in late-2013.
The Marketing Directors, Inc. has been retained as the exclusive sales and marketing firm.
Based in Hoboken, NJ, Ironstate Development is one of the largest privately held real estate development companies in the Northeast.
As well as apartments, its portfolio includes the W Hoboken Hotel and the Standard East Village bought in partnership with partner Andre Balazs. Ironstate is also redeveloping the former U.S. Naval Base on the waterfront in Staten Island, NY.
Long-time developer Abram Shnay — whose son Scott joined the family business in 2006 — owns around 1,800 apartments throughout the New York area. He is perhaps best know for developing The Urban Glass House in West Soho and The Dance Building in Chelsea.
Blaichman’s CB Developers has been developing, building and managing real estate for over 30 years. His noteworthy projects in Manhattan include 173/176 Perry Street (designed by Richard Meier); 29-35 Ninth Avenue (home to Soho House and Jean-George restaurant Spice Market), and the Theory Building at 40 Gansevoort Street.
Blaichman and Shnay partnered with Jay-Z on his doomed hotel project in Cheslea which ended up being handed back to the bank following a court settlement.
