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Thread: Gramercy Park Vicinity Developments

  1. #1

    Default Gramercy Park Vicinity Developments

    Thread includes projects in the Gramercy Park, Kips Bay, & Flatiron neigborhoods. Roughly between East 30th to 14th Street & east of Fifth Avenue.

    Project #1

    240 Park Avenue South
    17 stories
    Gwathmey Siegel & Associates
    Dev-Yitzchak Tessler of Linjan Associates, LLC
    Residential Condominium
    52 units 112,851 Sq. Ft.

    Pavarini McGovern Construction Company
    240 Park Avenue South | New York, NY

    Project Information
    Owner: 240 Park Avenue South, LLC
    Architects: Gwathmey Siegel & Associates
    Role: Construction Manager, At-Risk (Currently in Preconstruction)
    Contract Value: $28.75 Million
    Size: 112,851-SF/17-Stories
    Completion Date: 1st Quarter 2006

    Pavarini McGovern is currently providing preconstruction phase services in the design phase for the construction of a new, high-end condominium apartment building in the Gramercy Park neighborhood of Manhattan. The building will be a 112,851-SF poured-in-place reinforced concrete structure to top out at 17-stories, accommodating 51 residential units, mechanical space, along with a lobby and retail space at-grade.

    The project will begin with the demolition of the existing 4-story buildings (photograph below), with Pavarini McGovern managing the demolition Trade Contractors during preconstruction. The exterior façade enclosure will include precast concrete, curtainwall, with window and metal panels, and embedded tile. The building will have two passenger elevators.

    The Developer for this project has also recently renovated/converted The Helmsly Windsor Hotel and 260 Park Avenue South into high-end residential buildings.

    Pavarini McGovern Construction Company
    New Residential Building at 240 Park Avenue South

    Our project team is currently providing
    construction management services
    for the construction of a new 17-story,
    112,851-SF high-end condominium apartment
    building in the Gramercy Park neighborhood
    of Manhattan. The Gwathmey
    Siegel-designed building will provide 52 residential

    units with retail space at-grade. The
    exterior façade will consist of precast concrete,
    curtainwall, with glazed and metal
    panels, and embedded stone.

  2. #2


    This is great news. With the redevelopment of certain shoddy sites, Park Avenue South will be a magnificent boulevard. Does anyone have photos of the four buildings that are there now?

  3. #3


    I walked by this site this morn. on my way to work. It consists of three crappy little buildings and one nice little building, which it will be a shame to lose. Overall though, I'd be willing to sacrifice the decent building to get rid of the lousy ones. I was really hoping that this site was one that's on the east side of the street and houses L'Express in a dilapidated brick building. Hoefully, that building's days are numbered too!

  4. #4


    Insignia, Max Capital to develop 2 buildings - Insignia Financial Group Inc, Max Capital L.L.C
    Real Estate Weekly, Oct 2, 2002

    The co-investment division of Insignia Financial Group has joined with Max Capital led by principal Adam Hochfelder and developer, Yitzchak Tessler of Linjan Associates, LLC to redevelop two buildings in New York's Flatiron district, formerly owned by the United Federation of Teachers (UFT).

    260 Park Avenue South and 48 E. 21st St., which will share a connecting lobby, will both be converted into an 86unit, two-building luxury residential condominium complex. Construction will begin when the UFT vacates the premises they have currently leased back, in 2003. Insignia Douglas Elliman, the city's largest residential real estate brokerage firm, will handle the sales and marketing of the condominiums.

    "We are very excited to partner with Max Capital in this endeavor," said Jeffrey Goldberg executive vice president of Insignia's co-investment group. "Since having sold our investment late last year in Fresh Meadows A partments, the 140-building residential housing complex in Queens, we have been anxious to add another New York project to our portfolio. We are delighted to have a foothold in New York again."

  5. #5

    Default 50 Madison Park


    Project #2

    50 Madison Park
    50 Madison Avenue/27 East 26th Street
    11 stories 162 feet (8 story addition)
    Platt Byard Dovell White Architects
    Dev-Samson Management
    Residential Condominiums
    10 units 29,283 Sq. Ft. (20,667 Sq. Ft. Enlargement)
    Under Construction Spring 2005

    Platt Byard Dovell White

    50 Madison Park

    50 Madison is where the best of old New York meets new. Rising on the corner of the elegant Madison Square Park, this luxury condominium combines a restored 1898 mansion with a new 8-story tower skillfully designed by the renowned firm of Platt Byard Dovell White. The addition’s timeless façade, casement windows, and Juliet balconies beautifully complement the Italianate gem at its base, as well as the historic district that surrounds it. Inside, eight 3-bedroom, 3.5-bath homes and a duplex penthouse boasts the materials, technologies, and amenities of 21st-century living—and commanding views of the park and Flatiron Building. 50 Madison’s greatest luxury is the legacy of preserving New York’s grand architectural heritage and improving upon it.

    History of 50 Madison

    To live in 50 Madison is to enjoy the unprecedented opportunity of owning a new home in the heart of the Madison Square Historic District. Since the nineteenth century, Madison Square has been one of New Yorkers’ favorite gathering places. These 6.2 acres, named for our fourth President, are fit for royalty. Lush foliage, manicured lawns, and the cast-iron Southern Fountain will give you pause during an after-dinner stroll or on the way to work.

    Madison Square Park is a natural home for the graceful buildings that adorn its edges. Just beyond, the Flatiron Building stands like an icon, a sliver of carved limestone 23 stories above the street. Sunsets bounce brilliantly from the gilded tops of the New York and Metropolitan Life buildings.

    Alexander Jackson Davis’s and Stanford White’s designs for nearby Gramercy Park will delight your visitors. The vast 69th Regiment Armory, site of the groundbreaking International Exhibition of Modern Art in 1919, continues to host the events that will captivate your senses and build your art collection. Through neoclassical doors, the next-generation talents of the American Academy of Dramatic Arts will command your applause. Imagine yourself in 50 Madison, itself the storied former headquarters of the ASPCA, and imagine yourself among living landmarks.


    Matching Charles Platt’s architectural achievement, the accomplished interiors of 50 Madison are the work of Sean Johnson, author of some of New York’s most memorable spaces since 1985. Combining the proportions of a Park Avenue residence with contemporary design, the 3-bedroom, 3.5-bath homes of 50 Madison are where the boutique hotel meets the classic home. Each interior demonstrates an exacting attention to workmanship and detail, as well as the highest standard of luxury living today.

    The interior design of 50 Madison leaves no detail overlooked, the most important of which is the flexibility to meet your lifestyle. Moldings frame high ceilings but have strong, restrained lines that befit neo-traditional or mid-century modern furnishings. A double living room permits an additional alcove seating area, or built-in entertainment center. The kitchen is large enough to accommodate a formal dining room or a more casual family room.

    50 Madison’s bedrooms are oases. Warm materials, en-suite baths, and perhaps most importantly, luxurious spaciousness, transforms a bedroom into a getaway—a place you don’t want to leave come morning.

    A clean-lined kitchen is a gourmand’s heaven. The abundant storage of cherry cabinets, granite countertops, side-byside Sub-Zero refrigerator and freezer in stainless steel, Viking and Bosch appliances, and a kitchen island with wine cooler is perfect for culinary adventure or family-style entertainment.

    Bathe in honey-colored calm and relaxation in 50 Madison’s en-suite bathrooms, an amber-accented palette of limestone floors, walls of glass tile, maple custom cabinets and highestquality Waterworks fixtures; the master bath, at the scale of a hotel suite, includes separate bath and shower and granite-topped vanity with double sink. Guests experience a cool ambience in the powder room as the light from sconces reflects from glass tiles in aqua and shades of gray.

    Crowning 50 Madison, Charles Platt has designed a duplex penthouse that feels like a classic New York townhouse. At 3,500 square feet, this address features a spacious Master Library that can be used as a fourth bedroom, as well as two terraces that together comprise more than 1,050 square feet of outdoor living space.

    The New York Times
    From Animal Sanctuary To the Lap of Luxury
    Rachelle Garbarine

    The onetime home of the American Society for the Prevention of Cruelty to Animals is becoming the base of an 11-story condominium, as the building overlooking Madison Square Park joins a spurt of housing activity in the neighborhood.

    As part of an $18.5 million conversion of the four-story 19th century Italianate palazzo at 50 Madison Avenue, the existing top floor will be lopped off and eight levels will be added. When completed by next spring the building is to have eight full-floor apartments of 2,600 square feet and a single 3,500 square foot duplex penthouse, said David M. Kershner, president of Samson Management, the developer. The ground floor will have a lobby and two spaces designed for professional offices. Samson Management, based in Rego Park, Queens, owns and manages about 4,600 residences in the New York metropolitan region.

    Mr. Kershner said the company acquired the building, which is at the corner of East 26th Street, in 2000 for $4.5 million ''because there is a limited supply of sites around parks in Manhattan.'' The potential to build atop the existing limestone structure, which is flanked by 10-story buildings and is now draped in scaffolding, was another factor, as was its distinctive design, he added.

    The building, just outside the Madison Square North historic district, was designed by Renwick, Aspinwall & Owen and built in 1896 for the A.S.P.C.A., which moved elsewhere in Manhattan in 1950. The building was used for offices under a series of owners until Samson Management bought the structure with the intention of converting it to housing.

    After the 9/11 terrorist attacks, Mr. Kershner said, his company shelved the conversion, which current zoning allows without the necessity of applying for special permission, until last October. While conversion plans were on hold, an extensive renovation of the 6.2-acre Madison Square Park was completed. That renovation is expected to help make the area more attractive to families, said Louise Phillips Ford, a senior vice president at Halstead Property Company, which expects to begin marketing the three-bedroom residences at 50 Madison from floor plans this month. The attorney general's office has not yet approved the offering plan, but asking prices are expected to be about $2.6 million for the apartments and about $5 million for the penthouse.

    The residential development activity that extended Chelsea into the former flower district along Sixth Avenue in the 20s is now filtering into the Madison Square North area, Ms. Phillips Ford said. Kathy Kinsella, district manager at Community Board Five, said that in the last two years, seven applications for conversions had been received for buildings in the neighboring Flatiron and Park Avenue South areas.

    Hal Henenson, director of the development marketing group at the Douglas Elliman residential brokerage, said his company was working with American Development Group of West Hempstead on conversion of a prewar office building at 45 East 30th Street into 40 loft condominiums, primarily one- and two-bedrooms. At 120 East 29th Street, Alchemy Properties is restoring and expanding five 19th century brownstones to create 25 condominium apartments of one to four bedrooms, priced from $675,000 to $2.4 million.

    At 49 East 21st Street, Elad Properties has turned a 12-story office building into 43 condominium residences, all of which have been sold. One- and two-bedroom apartments sold for $910,000 to $1.3 million; the building also has three penthouse apartments, the largest of which sold for $2.6 million. Residential brokers say there are at least two more conversions planned along Madison Avenue that would produce about 75 residences.

    The Department of City Planning is proposing to rezone a five-and-a-half-block manufacturing area mainly in the nearby Ladies Mile Historic District to allow residential conversions as well as construction on underutilized lots. The area is located on the midblocks between Fifth and Sixth Avenues and from the middle of the blocks between 16th and 17th Streets to 22nd Street. If approved, the rezoning could produce up to 900 residences on six sites.

    The renovation and expansion of 50 Madison Avenue, designed by Platt Byard Dovell White Architects, is meant ''to blend seamlessly the old and the new,'' said Sital Patel, the project architect. He said the addition would be clad in limestone color precast panels so it would seem to flow from the original limestone building, and that the arrangement of the windows on the new portion would echo those below.

    Photo from Transfer. More photos at the website.

    Platt Byard Dovell White
    50 Madison
    New York, New York
    Platt Byard Dovell White is converting this four-story 1898 Italianate mansion on the eastern side of Madison Square into an 11-story condominium building. The existing structure’s top floor has been removed and re-organized in order to integrate the existing with the eight full-floor apartments and a duplex penthouse being added. The project is due for completion by spring 2005.
    50 Madison Avenue
    Combines a restored 1898 five-story mansion with a new eight-story tower on top, overlooking Madison Square Park. Contains eight 3-bedroom, 3.5 bath residences priced from $2.65 million and a duplex penthouse priced at $5 million. The penthouse has 3,500 square feet of space and two terraces that together comprise 1,000 square feet. Kitchens will offer cherry cabinets, granite countertops, Sub-Zero refrigerators and freezers, Viking and Bosch appliances and kitchen islands with wine coolers. Samson Management LLC is the developer. Sales began last month, and occupancy is slated for spring 2005. Contact: Halstead Property and senior vice president, Louise Phillips Forbes, 212-381-3329.
    March 2005
    Commercial Madison Square Park going condo
    New development shifts area’s identity from signature skyscraper
    By Alison Gregor
    Samson adds floors in NYC condo conversion project.(Development)(Samson Management)(Brief Article)
    50 Madison Avenue
    Halstead Brokers
    Last edited by Derek2k3; June 7th, 2005 at 11:52 AM.

  6. #6


    Whew....looks like a light earthquake jiggled a few panels...

  7. #7

    Default East 23rd St. & Third Avenue


    Project #3

    East 23rd St. & Third Avenue
    Dev-J.D. Carlisle Development Co.
    ~250,000 Sq. Ft.

    NYC Murray Hill Plot Goes for $82M
    By Paul Miller, News Editor

    MAY 26, 2005 -- J.D. Carlisle Development Co. today plunked down $82 million for a 14,549-square-foot plot at the northwest corner of East 23rd St. and Third Ave. in the heart of New York City’s Murray Hill neighborhood.

    Brokered by New York City-based Eastern Consolidated, J.D. Carlisle “sees tremendous promise and growth in this particular Manhattan neighborhood,” said executive vice president Evan Stein. “Acquiring something of this size and location gives us flexibility on what we can do with the development; a couple-hundred-thousand square feet in Murray Hill--you can’t beat that.”

    The plot, which is getting $326 per square foot, contains 250,000 square feet of buildable space, points out Ron Solarz, Eastern Consolidated’s senior managing director, who brokered the deal with colleagues senior managing director Eric Anton and vice chairman Brian Ezratty. “The market is extremely tight for land because the condominium market is so strong and continuing to rise,” Solarz said. “Developers are having a difficult time finding the right sites for their projects.”

    J.D. Carlisle and Eastern Consolidated are also pleased with the price the buyer paid. “It certainly wasn’t cheap,” Stein commented. “But with escalating values, we feel we got a good deal.” He added that his firm is undecided what it plans to do with the property. “It’s certainly going to have a residential component,” he noted, adding that the remainder of the property will have a retail component. “It’s just a question of what percentage.”

    Earlier this year, this price would have seemed big. “Now, of course, the market seems to keep moving upward and that doesn’t seem like such a full-priced number anymore,” Solarz said. ‘Prices are still rising. For instance, I’m working on a deal for an inferior location that will [fetch] north of $400 per square foot--just to give a flavor of how strong the market is.”

    He notes that rising condo prices, favorable interest rates and the vibrant New York City economy is driving the city’s commercial real estate market. “These are all working together in concert,” Solarz said. As a result, the Eastern Consolidated executive expects that condos in the location could sell for more than $1,200 per square foot. In comparison, he estimates that the same space would have gone for $1,000 per square foot just a year ago.
    Last edited by Derek2k3; June 7th, 2005 at 11:25 AM.

  8. #8

    Default The Grand Madison

    NY Post
    Baby's grand
    New condo has views of reborn Madison Square Park


    MADISON Square Park has gone through some amazing transformations — a hundred years ago, it was the park for the society set (the arm of the Statue of Liberty was displayed there) and 10 years ago it was the park for homeless people.

    Now, it’s getting a luxury condo with $4.8 million penthouses.

    The building, being done by the developers of the Plaza Hotel, is called the Grand Madison. (Its actual street address is 225 Fifth Ave.)

    A redo of a 1906 landmark that was recently the New York Giftware Building., the Grand Madison has stainless-steel Viking appliances, is wired for digital V, and has double bathroom sinks in the larger units.

    But the big draw is the park. When the sun shines through the building’s southern-exposure windows — which are huge — the view of the park’s tree tops does make you think of when downtown was known for its elegant clubs and its Ladies Mile.

    One major sign of the park’s improvement is the involvement of restaurateur Danny Meyer.

    His Tabla and Eleven Madison Park are on the east side of the park, while his Shake Shack (on 23rd and Madison) is a great place to grab a picnic lunch.

    Marissa Hahn, who came to New York from Philadelphia 15 years ago, is looking 2006).

    She loves the fact that her 11th-floor place will have unobstructed views of southern Manhattan.

    If you love the proximity but don’t want to pay for the views, the building will also have a private interior courtyard.

    You’ll still have to cough up, though: the building has one-, two- and three-bedroom units, and the cheapest one-bedroom, available from sales agents Cantor Pecorella, is $860,000.

    More info:

  9. #9

    Default 244 East 25th Street

    Project #4

    244 East 25th Street
    242-246 East 25th Street
    13 stories 145 feet
    Stephen B. Jacobs Group
    Dev-Arthur Leeds Associates
    Residential Rental
    54 units 53,686 Sq. Ft.
    Under Construction Late 2004-?

    Stephen B. Jacobs Group

    Levine Builders

    244 East 25th Street: Levine Builders is providing construction management services for the construction of a 13-story, cast-in-place concrete building on 25th Street between 2nd and 3rd Avenues. The exterior envelope of the building will be constructed of omega-lite prefabricated metal panels with floor to ceiling windows in the front and rear facades.

    This residential building will have 54 rental units when completed. Apartments will feature wood flooring throughout and marble floors in the bathrooms. All apartments will have packaged terminal AC units for heating and cooling. The entrance lobby and elevators will have a combination of wood, distressed metal and glass panels.

    -- Major residential developments including 555 West 23rd Street and 325 Fifth Avenue total more than $225 million --

    New York, NY, - January 6, 2005 - Levine Builders, the 25-year-old construction company, had one of its best years ever in 2004 with a surge in revenue and dozens of projects underway. In fact, according to a recent survey of New York City’s largest construction companies by Crain’s New York Business, the company had a 38% increase in revenue from 2003 to 2004.

    Levine Builders has three major residential projects in progress, totaling an estimated $225 million, including a new apartment building on East 25th Street in Gramercy, as well as 555 West 23rd Street, which is nearing completion, and site preparations for 325 Fifth Avenue. When completed, the three projects will add approximately 650 housing units to help New York’s growing need for housing.

    "This year, we’ve reached significant milestones for three residential projects we are working on, in addition to numerous other construction and renovation projects, such as the new mall in Union Square and the renovation of 90 West Street," said said Jeffrey E. Levine, president of Levine Builders. "Our West 23rd Street building, in line with the greater vision for New York City, will further the effort to bring a 24/7 residential community to the far West Side. This project is one example of our strong presence in Manhattan. We are building new housing not only in West Chelsea, but in Gramercy and Midtown as well. As with all of our residential and commercial construction projects, we bring our trademark: quality construction and high-end luxury amenities."

    The company’s newest residential project at 244 East 25th Street between 2nd and 3rd Avenues will have 54 apartments featuring hardwood floors, marble baths and floor-to-ceiling windows. Levine Builders is providing construction management services for the 13-story building owned by Arthur Leeds Associates. Designed by the Stephen B. Jacobs Group, the $13.3 million project is planned to be completed in May 2005.

  10. #10
    Forum Veteran
    Join Date
    Jan 2002
    West Harlem


    Looks like a low budget.

  11. #11


    Yea, seriously. I lost all respect for the Stephen B. Jacobs Group.

  12. #12
    The Dude Abides
    Join Date
    Jan 2005
    NYC - Financial District



    Flatiron conversion 27-JUL-05

    The 8-story, pre-war building at 10 East 18th Street that goes through the block to 7 East 17th Street is being converted to 16 condominium apartments.

    The building’s narrow 18th Street frontage is mostly taken up by fire escapes. The building, which is between Broadway and Park Avenue South, has a two-story rusticated limestone base and a bright but small lobby. It has no doorman, no garage and no sidewalk landscaping. It has an exposed rooftop watertank and is next to a garage. It has arched windows on the second floor.

    It is convenient to the Flatiron and Chelsea districts.

  13. #13
    The Dude Abides
    Join Date
    Jan 2005
    NYC - Financial District



    New Park Avenue South condo 19-AUG-05

    Demolition has started for a new 17-story condominium apartment building on the northwest corner of Park Avenue South and 19th Street.

    The project will contain 52 apartments and is being developed by Yitzchak Tessler of Linjan Associates, who was a co-developer with Max Capital of the recent conversion of two buildings formerly owned by the United Federation of Teachers at 260 Park Avenue South. Tessler is also involved in the current conversion of the former Helmsley Windsor Hotel on the southeast corner of 58th Street and the Avenue of the Americas.

    The new building will replace four low-rise structures and it has been designed by Gwathmey-Siegel, the architects of the very impressive, curved tower now nearing completion at 445 Lafayette Street across from Cooper Union.

    Gwathmey-Siegel are also the architects for the project at 100 West 58th Street where some double-height windows have been installed and a new large vaulted penthouse.

    The 13-story base of the new building will have curved corner bay windows and a handsome rectilinear façade grid of inset multi-pane windows.

  14. #14

    Smile East 23rd St. & Third Avenue


    Does anybody know the answers for the following questions:
    1. How many stories/units will the building has?
    2. What will be expected completion or move-in date?
    3. When will pre-construction sale start?
    4. What will be the best contact for pre-constructon sale - their sales office or broker?
    5. Will there be any room for negotiation?
    6. What do you think the approximate price per sq ft will be?
    7. How's the reputation of the developer and the quality of the other buildings that they built?

  15. #15



    Flatiron conversion 27-JUL-05

    The 8-story, pre-war building at 10 East 18th Street that goes through the block to 7 East 17th Street is being converted to 16 condominium apartments.

    The building’s narrow 18th Street frontage is mostly taken up by fire escapes. The building, which is between Broadway and Park Avenue South, ....

    It is actually between 5th Avenue and Broadway...good looking building from the 17th Street side but, if I remember correctly, it leans to one side (although I could be remembering 5 East 17th Street).

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