Hip-hop mogul Sean “Jay-Z” Carter has invested in a real estate development venture called J Hotels. Carter, along with developers Charles Blaichman, Abram Shnay and his son Scott, reportedly purchased $66 million worth of land and air rights in the Chelsea area of NYC according to the New York Post. Though the actual use of the space has yet to be determined, options being discussed include an art gallery or a high-end hotel. Carter will be celebrating the opening of his Las Vegas, NV 40/40 Club on Dec. 30.
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