Most developers building market-rate apartments in the South Bronx have set their sights on Port Morris, a relatively narrow industrial strip that wraps around the southern tip of the borough. But Treetop Development just paid $6 million for a site several blocks north, at 121-129 East 144th Street in Mott Haven.
It was in July of 2014 that YIMBY brought you word of plans for the site of an office building at 199 Jay Street, at the corner of the small section of Nassau Street before the Manhattan Bridge ramps, in Downtown Brooklyn. A month later, we showed you a rendering of the project. Since then the existing building was demolished. Other than that, however, the project has barely pierced the ground, as seen in photos sent to us by our friend Tectonic, and it has a long way to go before it achieves its 33-story design.
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.
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.
