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Chelsea Market Developer Calls Saks/Lord & Taylor Hotel Idea 'Fantastic'

Arik Kislin agrees with Jonathan Litt's idea for Lord & Taylor's New York City real estate.

Real estate developer Arik Kislin, who helped develop N.Y.C.'s Chelsea Market back in the 1990s, is totally on board with Jonathan Litt's hotel pitch for the Lord & Taylor flagship store. "It's a fantastic idea in general," Kislin told me. Earlier this week, word spread that Litt had purchased a 4.3-percent stake in Toronto-based Hudson’s Bay and proceeded to send a letter to the company's board of directors urging a sale of its N.Y.C. real estate assets.

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