CB5 Gives Flatiron Gansevoort the Green-Red-Yellow Light

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The Gansevoort sparked controversy with its billboard a while back, and its 250-room Flatiron location, still two years away, is already doing the same, with an eighteen-story illuminated faade that will change color every 30 minutes. At last nights Community Board 5 meeting, one neighbor who wasn't psyched about a rainbow coming through his window told the board, I dont want to live in South Beach. Another longtime resident again voiced his concern that the hotel would be a beacon for prostitutes. Owner Mike Ackenbaum argued that his operation would be like the Ritz Carlton incredibly high-end, and that fast elevators and a relatively lenient door policy would keep partiers off the street. As a result, the board ultimately recommended approval of a liquor license in exchange for certain conditions, including limited hours of terrace use, earlier closing times for the four bars, a regulated sound system, and a 24/7 hotline for community residents. One resident said he felt steamrolled, and another plans to move because of the situation. Ackenbaum told the latter to wait after all, the hotel might push up property values!