88 and 90 Lexington Avenue were once office buildings—an Art Deco classic and a significantly less attractive 1950s neighbor. Both became rent stabilized apartments, until developer HFZ Capital scooped up the properties between 26th and 27th Streets in July 2013. Now they’re being transformed into condominiums, and YIMBY got a look inside.
88 Lexington Avenue
Two buildings, one destination. That’s what’s going on at 88 & 90 Lexington Avenue, between East 27th and 26th streets in Manhattan’s Gramercy area. Two buildings – 88 Lexington Avenue, built in 1927, and 90 Lexington Avenue, built in 1958 – are being converted into luxury condominiums by HFZ Capital Group, with workshop/apd as designer. We stepped inside last week to see how the conversion is going.
Earlier this year, it was revealed that HFZ Capital is planning to convert the 19- and 13-story buildings at 88 and 90 Lexington Avenue, in NoMad, into condominiums. Now, construction appears to be well underway at both properties, per Tectonic. Both buildings, formerly rental apartments, are being combined to share a lobby and amenity space. The shorter building has also receive a totally new façade, which appears to be mostly complete. Workshop/ADP is designing, and completion is slated for 2016.
According to Curbed, HFZ Capital is converting the 19- and 13-story former rental buildings, at 88 and 90 Lexington Avenue, in NoMad, into condominiums. The buildings will be combined to share a lobby and 8,000 square feet of amenities, but the number of planned condominiums has yet to be revealed. Workshop/ADP is designing, and sales will launch in the coming weeks.