Crain’s New York Business: Developers to convert Stewart Hotel in Chelsea to 625-unit apartment building

The hotel, located at 371 Seventh Ave. in Chelsea, is owned by Isaac and Eli Chetrit and Ray and Jack Yadidi of the Sioni Group, who purchased it in 2016 for about $213 million, according to property records and the Yadidis. The conversion process will take between 24 and 36 months, and the building will ultimately have about 625 market-rate apartments and 35,000 square feet of amenities like yoga rooms, coworking space and a golf simulator, the Yadidis said.

Read More » Mayor Adams Announces Office of Special Enforcement Lawsuit Against Illegal Short-Term Rental Operation

NEW YORK – New York City Mayor Eric Adams and New York City Mayor’s Office of Special Enforcement (OSE) Executive Director Christian J. Klossner today announced a new lawsuit to shut down an illegal short-term rental operation at a building located in Turtle Bay. According to the lawsuit, defendant Arron Latimer — a licensed real estate broker — as well as building owner Apex Management and managing member Esther Yip used a number of LLCs they control to run a complex and illegal short-term rental operation at 344 East 51st Street utilizing popular online lodging websites, like Airbnb. The suit represents the city’s first lawsuit against a short-term rental operation identified using data obtained through the city’s law — Local Law 146 of 2018, amended by LL 64 of 2020 — requiring online short-term rental platforms to regularly report data on bookings to the city.

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NY/NJ Hotel & Gaming Workers Union: Union Secures Protections for Hotel, Casino, Club Workers in the Wake of Supreme Court’s Ruling on NY Gun Law

For over 100 years, New York State had strict gun safety laws that severely limited the number of individuals who are able to carry firearms outside of their homes. This changed on June 23rd, when the U.S. Supreme Court invalidated key parts of the State’s law, opening the door for virtually anyone to now carry a firearm outside of their home in New York and New Jersey.

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