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.
The current round of the 57th Street boom is making rapid progress, and construction work at 220 Central Park South in particular is moving quickly. Despite all the momentum, slight uncertainty has surrounded the building’s final design, but YIMBY now has a fresh rendering confirming the skyscraper’s ultimate appearance.
Much of the Upper West Side is frozen in time by historic districts, but every once in a while, a developer manages to snag an older property in a non-landmarked piece of the neighborhood. New building applications were filed earlier today to erect a 10-story building at 206 West 95th Street, half a block from the 96th Street station on the 1, 2 and 3 lines.
Applications have been filed for three three-story residential buildings spanning the lots 77-06 – 77-10 45th Avenue, in northern Elmhurst, five blocks west of the M/R subway station at Elmhurst Avenue. The residential development will contain six units and measure 4,975 square feet in total for an average units of 830 square feet. Chang Hwa Tan is the architect of record, and two existing residential structures must first be demolished.
Urban View Realty has filed applications for a five-story, five-unit residential building at 129 Stockholm Street, in norther Bushwick, two blocks from the M train’s Central Avenue stop. The building will measure 5,000 square feet and will feature a fifth floor penthouse, with units averaging 1,000 square feet. Woody Chen’s Infocus Design & Planning is the applicant of record, and an existing 1.5-story home must first be demolished.