Jay-Z ’s plans to open a hotel in Manhattan have now ceased to exist thanks to a number of issues surrounding the purchase of the property.
NY.Curbed.com reports that Jay-Z partnered with hotelier and residential developer Andre Balazs and other developers to purchase the three-story building located in Manhattan’s Meat Packing District but the team somehow defaulted on a $24 million mortgage.
After defaulting on the hefty mortgage Jay-Z and team were informed that if the deed was returned to the lender then they would be able get out of their mortgage payments. Unfortunately, the deed was sent back via FedEx and the lender did not accept the package.
Eventually DDG Partners, an investment and real estate development company, bought the loan in April.
In other Jay-Z news, later this year Jay-Z will be releasing Jay-Z The Hits Collection Vol. 1. A full Website for the album will be launched some time in the near future.
The compilation of past Jay-Z tracks will be released on June 29, 2010.
cool, now where the fuck is the track from detox? i’ve been waiting for three weeks
coming in 2018
Detox 2012.
HAHA! I was thinking that last week..
More lies from Dre..
I know what really happened. He can’t rap anymore. He’s afraid to tell us.
It’s all hype, just to keep the Dr in yo head! it’s easy!
fuck dre for real, he like that sexy bitch that dont give the pussy to nobody… i mean seriously, dis detox shit is the stupidest hyped up publicity stunt bs.. just give us some fuckin muzik!!!
@WOLFMAN
he never really could rap without ghostwriters. but its ok cuz we love dre, and he’s a dope producer and was in NWA
this aint about gucci
who gives a fuuuuuuuuccccccccc about coochie, I mean gucci mane???
GUCCI MANE = WORST RAPPER EVER!!!!!
lol
this dude is straight trollin you
@NYYstateofmind………….Im saying the same thing. Where is the Jay-Z FT. Dr. Dre joint called PRESSURE??????????????????
cornshits
this sucs man-dingo….wack news
bring bck wayne
mannnnnnnnnnn fucc wayne! at least jay never went to jail over anything as stupid as wayne did.
go kiss a dude in tha mouth waynes hot garbage
A.O. & Smith
http://www.aoandsmith.com
“The Best Rappers Under 30”
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Jay-Z = G.O.A.T??? or illuminati’s hip-hop frontman? dude can spit it ill. but so can a million others… u ever wonder why he dat nigga?? cuz he sold his soul real talk!
shuuuuuuuuut uppppppp he the illest
maybe he just stay on his grizzley alot harder than these other rapppers.aint nobody makin power moves like jay and trust me and many others have had the same opportunities and still come up short.real talk
Jay Z needs to retire…and stay retired
Reasonable Doubt – Black Album woulda been a solid run. the rest has been meh… still gotta love that he took the initiative to try to kill autotune tho….
Another hits compilation CD?
Why would anyone buy that crap with recent pop tunes like Run this town and On the next one?
Dude is running outta musical ideas
Hopefully he stays true to his track record and release a great album after a crappy one
Another AMGanster better be on the way!
By the way, fuck waiting for that Detox single!
if Eminem ain’t ghostwriting that album I’m not interested!
He’s too busy anyway murking other rappers and creating a classic album
Can’t wait for that Slaughterhouse collab!