"Built in 1883 as one of the first cooperative buildings in New York City and briefly among its tallest buildings, the Chelsea was under the ownership of David Bard, Joseph Gross, and Julius Krauss from 1942 and was managed by Bard. Combining both residences and hotel rooms,it was already a storied have for artists and writers by the time David Bard left the day-to-day management to his son Stanley in the early 1960s."