CityRealty Insider > New Developments in the News

New Developments in the News

OCTOBER 25, 2010

Bohemian dreams are up for sale at the Chelsea Hotel; West Side Tennis Club gives Forest Hills stadium development plans the thumbs-down.

The iconic Chelsea Hotel at 222 West 23rd Street is being sold by its owners. The 12-story brick residential hotel nurtured the muses and provided shelter and community for artists, writers and musicians—among them Bob Dylan, Andy Warhol, Leonard Cohen (who immortalized it in song), Patti Smith, the infamous Sid Vicious and a host of others—in the 1950s and throughout the city’s bohemian heyday of the ’60s.

Members of the West Side Tennis Club have voted not to sell their stadium—the former home of the U.S. Open tennis championship—to the Cord Meyer Development Company. The latter had planned to convert the past-its-prime Forest Hills, Queens tennis stadium into luxury condos, and club members in favor of the sale saw the $9 million selling price as much-needed padding for the club’s thinning finances. Votes were evenly split for and against, but the club’s rules require a two-thirds majority for approval.

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