When rapper turned entrepreneur Jay-Z along with an investment group purchased a development site along Manhattan’s West Side years ago the plan was to turn the site into a hotel, but thanks to the recession the site was eventually lost by Jay-Z and handed over to Texas-based investment fund Highland Capital.
But now it looks like there may yet again be hope for the site which is located at 511 West 21st Street. According to the Observer.com, The Albanese Organization may soon acquire the site for the price of $60 million.
The space will likely be turned into office space, a hotel, or even an art gallery and according to an executive at Eastern Consolidated will reap the benefits of a resurgence in the West Side area.
“Between 10th and 11th Avenue is gold,” Eastern Consolidated’s Alan Miller explained to Observer.com. “It slowed down for a couple of years but the bounceback in pricing is simply astonishing.”
Jay-Z has yet to respond to the possible acquisition of his former development site.
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THIS IS NUMBER MOST HOPELESS IRRELEVANT NEWS EVER POSTED BY HHDX ..HOT DAMN JAY-Z DOESNT EVEN OWN THE DAMN PROPERTY ANYMORE ..WHY ATTACH HIS NAME TO THE ARTICLE ..RUBBISH!!
he should change his name to Jew-Z.
I already think that’s why he’s been given so much recognition. I think his music is aimed at the kykes market. Look at the colors of Roc-a-fella… the same colors of the nation of Israel, the rhymes of a spoon fed jew graduating from Ivy league
It is amazing how no one complained about the colors of Roca-fella or Jay-Z before he began to make alot of money. Classic crabs in a bucket.
TOP 20 OF ALL TIME BITCHES
20)LIL FLIP
19)BIG MELLO
18)ESG
17)BIG POKEY
16)BUSHWIC BILL
15)TRAE
14)BIG HAWK
13)WILLIE D
12)SPM
11)LIL KEKE
10)LIL O
9)BIG MOE
8)PIMP C
7)Z-RO
6)CHAMILLIONAIRE
5)SCARFACE
4)FAT PAT
3)DEVIN THE DUDE
2)K-RINO
1)BUN B
….so basically whoever wrote this article is trying to say jay-z is not as ballin as we think?????….fail