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Durst, Schrager, Lay Out Plans For New Hotel

NEW YORK CITY-The partnership announced that it will develop a 250-key hotel and 315 rental apartments at 855 Sixth Ave. between 30th and 31st Streets.

By Jacqueline Hlavenka | Updated on November 14, 2011

NEW YORK CITY-As large mixed-use projects continue to make headway throughout Manhattan, heavy-hitters Durst Fetner Residential and hospitality icon Ian Schrager are teaming up to develop a new hotel and rental apartment building in Midtown’s Herald Square submarket. The joint venture partners plan to build a 250-key hotel and 315 rental units at 855 Sixth Ave., a project near DFR’s successful 58-story Epic mixed-use tower between 30th and 31st Streets.

The 155,000-square-foot hotel, to be called “PUBLIC New York,” will include a 10,000-square-foot restaurant, an outdoor garden, a bar, a nightclub, banquet and meeting spaces, 10,000-square-foot gym, a swimming pool and other amenities. The hotel will be managed by Schrager, who is also a partner in the hotel ownership joint venture with DFR.

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