This is Sky East, run by Magnum Management, which is owned and operated by Benjamin "Sledgehammer" Shaoul.
Thisboyshouts wonders what could possible be coming here: Dorm? Hotel? Sanitarium? (The rumor is that part of the space will be used for NYU housing.)
Possibly related! Thisboyshouts also notes that he had to go over to Sky East Friday night around 10:30 because they had workers inside buffing the floors with the windows wide open ... which you could hear clear up and down the block.
After complaining to the Sky East doorman on duty, the workers shut the windows but kept working through the night, which must have been a pleasure for the people living in the building.
