By Kim Velsey 5/07 4:20pm

Landlords vs. Tenants

A bright(er) future for a historic hotel? (B*2, flickr)

Chelsea Hotel Tenants Win The Day In Court

The residents of the Chelsea Hotel may still return to their mold-infested, dust-filled rooms this evening, but it will be with the glow of victory.

After failing to get the historic hotel’s new owner Joseph Chetrit to negotiate an agreement to repair the decaying building’s moldering walls, asbestos-filled airshafts and crumbling plaster, the tenants took the sidewalk yesterday in front of their building yesterday, along with a phalanx of politicians, to declare that they were ready to take the matter to a housing court trial.

The Chelsea Hotel Tenants Association, which filed a lawsuit against the Chetrit group to force the group to rectify unsafe conditions in the building last December, finally got its agreement today in housing court, said tenant attorney Janet Ray Kalson. Read More

By Matt Chaban 3/23 11:09am

Checking in

The mysterious Mr. Chetrit. (DNAinfo)

Mysterious Joseph Chetrit Spotted in the Wild Pushing His Hotel Chelsea Transformation

As readers of The Observer know, Joseph Chetrit might be the most secretive big-time developer in a city full of the type. The guy owns part of the Willis Tower, for God’s sake, and still nobody really know who he is.  Oh, and as of not to long ago, the Chelsea Hotel, which he is thoroughly mucking about in. Well, his minions are, since Mr. Chetrit has never publicly been seen at the hotel.

But he did make an unexpected appearance at a local community board meeting last night, to defend ongoing renovations, including a penthouse he hopes to add to the landmarked hostel. According to DNAinfo, Mr. Chetrit said little during the three hour meeting, though he eventually broke in near the middle to make his case for the project. Read More

By Stephen Duffy 1/13 11:32am

CHECKING OUT

I'll crash whenever I want.

Patti Smith Bows to Chelsea Tenants Pressure—But Not Before Playing a Private Gig

After releasing a statement on Wednesday outlining why she was still going to perform for the tenants at the Chelsea Hotel—despite their wishes—Patti Smith changed her mind and pulled out of the performance shortly before she was due onstage last night.

However, even though she bowed to the pressure and cancelled her Thursday performance for the tenants railing against her, The Architect’s Newspaper reports how she still did performed at the hotel this week to a crowd of media and art folks, a private performance for the hotelier on Wednesday. It seems the revered Ms. Smith has suffered from a serious bout of flip-flopping on the issue, which now appears to have been grossly ill judged, leaving her contradicting herself. Read More

By Stephen Duffy 1/12 3:28pm

Checking in

It won't be the same, will it? (PBS)

Because the Night Belongs to Chetrit: Patti Smith Still Playing Chelsea Hotel, Boos Be Damned

Patti Smith has come out in defense of her imminent gig at the Chelsea Hotel, releasing a statement that includes bullet points underlining her reasons for organizing this Thursday’s soirée. “My small performance for the tenants was my own idea.” She said, distancing herself from any collusion with the owners, “My hope is that we might have a nice evening and the opportunity to communicate directly.” Read More

By Tom Acitelli 8/09/11 2:56pm

$$$

The Chelsea: Everybody in.

Chetrit’s $85 M. Chelsea Hotel Loan; His Junior Partner’s Housing Violations

Real estate investor Joseph Chetrit closed on his nearly $80 million Chelsea Hotel buy early last week, and now information has trickled out about how he and junior partner Clipper Equities paid for it.

They got an $85 million, 36-month loan from Paris-based banking behemoth Natixis. The loan has a 12-month repayment extension option, and was brokered for the borrowers by Meridian’s Ronnie Levine and Aaron Birnbaum. (Real Estate Weekly has more news on the loan.)

Clipper, incidentally, was the controversial would-be buyer of the massive affordable-housing complex in Brooklyn, Starrett City, offering $1.3 billion in 2007. Read More