Meltdown Derails Jay-Z's Hotel Plans
Some 21 hotels may be planning to open their doors in 2009, but there's at least one high-profile project that will probably never see the light of day: the hotel that Jay-Z was planning to construct in Chelsea with developer Charles Blaichman. The former Time Warner Cable warehouse was due to be razed to make way for the hotel. It's still standing, though, and now Blaichman is now looking for a tenant to lease the space. [Curbed]