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Excelsior!
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this changed hands but will proceed as planned. Sigh. Chang turned a pretty penny as well.

Magna Hospitality buys Chelsea development site for $113M

Sam Chang’s McSam Hotel Group just sold a Chelsea development site for almost double what it paid for the property about a year ago.

Magna Hospitality Group paid Chang’s firm $113 million for 140 West 24th Street, according to city records filed on Thursday. McSam had bought the site from Extell Development for $61 million in October 2017.

[...]

McSam had filed permits for a 45-story hotel with 510 rooms over 140,500 square feet. Gene Kaufman, the architect of the project and a frequent McSam collaborator, said the project will continue as planned.
 

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Can't they disguise the water towers?
It looks like a building from Colombia or something.
 

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I Love Chicago!
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Look, there’s a really tall ugly tenement! Oh wait, it’s actually a new skyscraper under construction...
 
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