By Kevin Korber of Village Confidential
Last year, Jay-Z and hotel mogul Andre Balazs proposed opening a new hotel at 345 West 14th Street. That plan never came to fruition, but new site owners DDG Partners are already in the process of turning the West Village building into a new luxury condominium.
A recent Wall Street Journal article highlighted the new project, which is the latest in a growing trend of condo developments that are smaller and more intimate. The proposed West Village condominium would have between 35 and 40 units, along with retail space. DDG chief executive Joe McMillan told the Journal that “buyers recognize the scarcity value” of projects such as this West Village condominium and others in the surrounding area.
Interior demolition and restructuring of 345 West 14th Street is reportedly nearly complete, but there is no set timetable for the completion of the project. Architectural renderings of the planned finished product can be found here.
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