NOT A Jay-Z has a new album with Kanye, a record company, new restaurant venture, website, movie, Broadway empire state of mind really like? WHEN JAY-Z STEPS FROM THE EARLY SPRING CHILL into The 40/40 Club, his luxury sports bar in Flatiron District, he looks thinner than expected, with hair that is longer than expected and something like rosary beads tucked beneath a leather jacket and collarless shirt. standing in the middle of a receiving line of hangers-on, and by the time he gets to me, Jay-Z just enough attention in my direction to register a sotto voce It occurs to me that the majority of his focus could be anywhere: on a real estate deal (he just signed a contract to open 27 satellite 40/40 Clubs in domestic and international airports), working out a rhyme (yesterday he sat in a New York studio with Kanye West, recording a joint album) or with his wife is out of town, but she remains the subject of incessant pregnancy rumors in the gossip channels). Not to say there enough lef over to clock the room: Jay-Z seems to be silently taking in everything happening here, and plenty happening. followed up the stairs to the VIP rooms by a short procession of women carrying large shopping bags emblazoned with GUCCI and MARC JACOBS before directed by a British photographer to perch on an leather chair. The 40/40 ubiquitous A BUSINESS, BY STEVE MARSH PHOTOS BY NIGEL PARRY CPi May 2011 deltaskymag.com MAN.