$14M Escape Room Deal at Village People YMCA Chelsea Collapses

But soon after, Floorent grew concerned about documents suggesting the building’s 5,800-square-foot cellar was not part of the space he was seeking, but rather belonged to the other retail dock in the building. building, controlled by Marks.

And caves are useful in typical escape room types of scenes – like being stuck underwater – not least because of their lack of windows.

A request from Floorent to Marks to change the building‘s offering plan was not finalized in early June, when the purchase was expected to close. And, due to paperwork issues, the closing had to be reversed, causing Florent to lose his $12.9 million acquisition funding.

Although Marks eventually changed the offering plan, property records show it seemed like too little, too late. Other possible closing dates came and went, and the deal fell apart, while provoking harsh attacks along the way.

“Your self-serving attempt to deflect blame for your client’s inaction is misguided and contrary to the facts,” reads part of a letter from Brian Bendy, Floorent’s attorney, to an unnamed attorney for Marks, according to an excerpt. included in the costume.

In addition to his $1.4 million deposit, Florent is asking for $79,000 in bank charges incurred because the deal was scuttled.

Founded in 1852, the organization that became the McBurney YMCA moved to 213 W. 23rd in 1904, when the building opened. Its gym facilities were a neighborhood mainstay. But its upper floors, which functioned as a sort of single-room hotel, brought perhaps its greatest fame.

Charles Merrill and Edmund Lynch, of Merrill Lynch of Wall Street, are said to have met there in the early 20th century. Over the next few decades, his apartments were popular with gay men. Throughout, many have celebrated the low cost of housing.

“Young man/there’s a place you can go/Young man/when you run out of money” was how the villagers said it in 1978; the official song video has a colorful McBurney mural in its opening plan.

Today, the building’s 12 luxury condos are stacked along West 23rd, while a rear building, on West 24th, has 180 affordable housing units, including for some former Y residents.

No escape from the rent

Escape rooms, which are on the rise in the city, can provide commercial landlords with a source of needed rent.

Escape the Room, for its part, has an existing location at NoMad at 24 W. 25th St., part of which is in a renovated office building owned by Savanna. Another company, The Escape Game, has a retail position and basement at 295 Madison Ave., which is managed by the Eretz Group.

Escape rooms also help fill space in malls struggling with vacancies; The escape game has a location in the American Dream mega mall in New Jersey.

“I sort of liken it to being on a movie set,” said Britt Telshaw, events coordinator for the company. “And the type of property can certainly matter.”

For his part, Florent hoped to take advantage of the recent history of 213 West 23rd, had his plan implemented, including perhaps a disco hit or two. “This building would definitely have stimulated my creativity,” he said.

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