Ian Schrager has purchase contracts for one-third of the units at his new waterfront condo development in Manhattan, 160 Leroy, along the Hudson River.
The condo will rise between Clarkson and Leroy streets, a section of the West Village that had been home to a car wash, automotive repair businesses and a strip club.
Schrager told the New York Times, “It was three separate sites, and it was a nightmare putting it together.”
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Schrager initially owned one of the three sites with Ares Management. The owners of the other two sites, Weinberg Properties and William Gottlieb Real Estate, became partners in the 160 Leroy condo development after a year and a half of negotiations.
Read the full story at The Real Deal
