In December of 2014, YIMBY revealed Cornell Realty Management’s plans for a 17-story, 180-key hotel at 245-247 West 34th Street, in Midtown’s Garment District. Those plans have since been discarded, as Cornell and Chetrit Group have divided up their 34th Street assemblage into two separate ownerships. Earlier this year, Cornell announced plans to build a four-story retail complex at 257-263 West 34th Street, and now Chetrit has filed applications for a 32-story, 300-key hotel building at 243-255 West 34th Street. The new building will encompass 155,594 square feet, of which 122,426 square feet will be used as commercial space.
Last month, YIMBY reported on applications for JDS Development and Chetrit Group’s planned 73-story, 1,066-foot-tall residential tower at 340 Flatbush Avenue Extension, in Downtown Brooklyn, and now the New York Times has new details on the project, as well as an updated rendering. The tower portion would be connected to the Dime Savings Bank building at 9 DeKalb Avenue, an individual landmark, and would require the demolition of part of the structure. That means the Landmarks Preservation Commission would have to approve alterations to the bank building. The first hearing is scheduled for March 15. The interior of the 97,000-square-foot bank building, which is also an interior landmark, is expected to be transformed into retail space.
In early 2015, YIMBY revealed renderings of the multi-building, 223-unit residential conversion of the former Cabrini Medical Center, located in Gramercy on the block bound by Second and Third Avenues and East 19th and 20th Streets. Now, Curbed NY has the latest details and renderings of the project, dubbed Gramercy Square, which include slight modifications to the exterior and slightly different unit counts. At 215 East 19th Street, the main 16-story hospital building will get a new façade and will get 130 condominiums, down from 140. The building at 225 East 19th Street will be transformed into 48 residential units, down from 54. The new-construction building at 220 East 20th Street will have eight full-floor units, and the last property at 230 East 20th Street will be converted into 37 units. The entire development will have 12,000 square feet of amenity space. Chetrit Group, Clipper Equity, and Real Property Group are developing, and Woods Bagot is designing.
In 2013, Chetrit Group acquired the 14-story, 200,000-square-foot former Emigrant Industrial Savings Bank building at 49-51 Chambers Street, in Civic Center, for $89 million with plans for a residential conversion. The office building, an individual landmark, was constructed in 1912 and designed by Raymond F. Almirall, and the Landmarks Preservation Commission would have to approve any alterations. The conversion project will include 81 condominiums, according to plans filed with the Attorney General’s office, The Real Deal reports. The units will come in one- to four-bedroom configurations and is expected to have a sellout of $334 million. Accordingt to filings, there will be 215,711 square feet of residential space, so units will average 2,663 square feet apiece. Ground-floor retail is also part of the plan. Woods Bagot is the architect of record.
Early last month, the first rendering surfaced of Chetrit Group’s planned hotel-condo conversion of the 37-story, 855,000 square-foot office building at 550 Madison Avenue, between East 55th and 56th Streets in Midtown. Sony Tower’s 14th through 20th floors will be converted into a 170-key and will be operated by Oetker Collection Masterpiece Hotels. The 21st through 43rd floors will be converted into 113 condominiums, but Real Estate Weekly now has details on the three stories of redesigned retail at the bottom of the building. The retail space, formerly occupied by Sony, will measure 25,451 square feet in total and will be split into four separate leases. Robert A.M. Stern is designing, and completion of the conversion is expected in early 2018.