Gramercy Square

New Renderings, Details For Multi-Building, 223-Unit Residential Conversion Of Cabrini Medical Center, Gramercy

1:00 pm on January 26, 2016 By Reid Wilson

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.

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25 Mercer Street

Five-Story, Five-Unit Residential Conversion Planned At 25 Mercer Street, SoHo

11:00 am on January 26, 2016 By Reid Wilson

The five-story mixed-use building at 25 Mercer Street and the three-story property at 27 Mercer Street, located in the SoHo-Cast Iron Historic District, are expected to be converted into a single five-unit condominium building, according to Curbed NY. There will be four full-floor units and a duplex penthouse, and the residences are expected to hit the market this spring. GDS Development is developing and Fogarty Finger is designing the project, dubbed 25 Mercer. Alterations that would go into the conversion would have to be approved by the Landmarks Preservation Commission since the property is located within a historic district.

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42 Trinity Place

Developer, SCA Reach Deal At Planned Mixed-Use Development At 42 Trinity Place, Financial District

10:00 am on January 26, 2016 By Reid Wilson

Early last year, YIMBY brought you conceptual renderings of the possible supertall mixed-use tower that could rise at 42 Trinity Place, in the Financial District. Now the developer, Trinity Place Holdings, reached a deal with the city’s School Construction Authority (SCA) to build an elementary school in the base of the building, Tribeca Trib reports. The public school will boast 476 seats and a design is expected to be released of it this upcoming summer. In 2013, the city put forth $27.5 million in its budget to build a new school in the Financial District. The scope of the entire project has yet to be revealed, but it could potentially measure upwards of one million square feet and have retail, hotel, and residential components. Multiple buildings must first be demolished.

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The Sovereign

Local Politicians Spearhead Request by 26th Floor Resident Of The Sovereign for 250-Foot Height Limit in Vicinity

8:00 am on January 26, 2016 By Nikolai Fedak

On Friday, Crain’s reported on a rezoning proposal to downzone Sutton Place and institute a 260-foot height limit on new developments in the area. What wasn’t reported was the real cause behind this not-so-arbitrary figure: the leader of the East River Fifties Alliance, Alan Kersh, happens to live on the 26th floor of The Sovereign, which at 47 stories tall, is almost double the height limit its residents want to force on new buildings in the blocks to the south.

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