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IRONSTATE DEVELOPMENT

Owners of ‘Mystery Lot’ Ask For Go-Ahead on Eight-Story Condo

lotDaniel Maurer

The high-profile owners of the long-vacant “mystery lot” on 13th Street have applied for a construction permit, setting the wheels in motion for what promises to be a blockbuster eight-story condominium.

The application, filed last Thursday by developer Scott Shnay, indicates that the lot between Second and Third Avenues will get an eight-story mixed-use building containing 71 residential units. (The Post previously reported that the building would be a condo containing 82 units, to be completed late next year.) According to the application, which was under review as of Monday, the project will boast 5,275 square feet of commercial space (Brokers Weekly initially reported 4,500 square feet).

The architect of record is Todd Poisson of BKSK Architects, the firm behind 25 Bond Street, where a $19.5 million apartment was briefly home to Will Smith. In addition to Mr. Shnay and his brother Abe, developers said to be attached to the lot, which sold in November for $33 million, include Ironstate Development (a partner in The Standard East Village) and Charles Blaichman, whose projects include the Soho House building, the Richard Meier-designed 173/176 Perry Street, and an aborted hotel project with Jay-Z.


Balazs Bought Cooper Square Hotel For $90 Million

The Wall Street Journal reveals that playboy hotelier Andre Balazs bought the Cooper Square Hotel for $90 million, and that he is partnered with the property manager Ironstate Development Company. Mr. Balazs’s takeover of the hotel was approved by Community Board 3 last month. According to the Journal, he is not planning to change much about the hotel, but is examining the possibility of a new restaurant and bar.