According to the New York Post, Jay Z, along with several partners, recently purchased a $66 million site at 510 W. 22nd St. which runs through to 511 W. 21st St. in New York City.

The mogul hasn’t yet decided what to do with the Chelsea property, purchased under the name “J Hotels,” but he’s considering either turning it into a swanky, luxury-lodging spot or a high-end art gallery.