Today, YIMBY has the reveal for some new renderings of the Gramercy Square residential complex, in Gramercy Park, Manhattan. The Chetrit Group and Clipper Equity are responsible for the project, which is comprised of four condominium buildings: The Tower at 215 East 19th Street, The Prewar at 225 East 19th Street, The Modern at 230 East 20th Street, and The Boutique at 220 East 20th Street. The Modern will be a new seven-story building, while the others will repurpose older structures for condominium use, with concurrent façade alterations. All are connected by way of 20,000 square feet of gardens.
M. Paul Friedberg and Partners
In March, YIMBY revealed renderings of the four-building, 223-unit condominium redevelopment of Cabrini Medical Center, in Gramercy. Now, developers Chetrit Group and Clipper Equity have closed on a $345.5 million loan for the project, according to Commercial Observer. Dubbed Gramercy Square, three medical buildings will be converted, and a fourth building will be constructed ground-up. Also planned is a 25,000 square-foot court yard, designed by M. Paul Friedberg and Partners; Woods Bagot is the project’s design architect. Completion is expected in 2016.