NEW YORK | 38 Gramercy Park East | FT | 20 FLOORS

[Doubleu1117]

https://www.multihousingnews.com/acquisition-clears-way-for-gramercy-park-building/

Apparently these preliminary renderings were floating around. If the final product is close to this, think it's an amazing development and completely respectful of the Gramercy Park area.

Manhattan Deal Clears Way for Condo Tower
Legion’s acquisition in this deal includes the five-story 37 Gramercy Park East and a co-op at 38 Gramercy Park North. They are the final pieces of the puzzle that will allow the company to develop a 20-story building with a Gramercy Park address, which will give residents of that building access to the two-acre Gramercy Park.

The development is a long-term project for Legion, which has been putting the assemblage together for a number of years. Previous acquisitions include four properties, 252-258 Third Avenue, for $72 million, in 2024. Legion also purchased air rights from a neighboring co-op in a transaction that was slowed when an apartment owner took the building’s board to court before later accepting a buy-out.

Assemblage looks to be something like this:

[mrnyc]

whoa — this is insanely thoughtfully & creatively gorgeous.

that site is very basic, so this is a major, major upgrade.

wow. haven’t felt a wow for awhile for a project. ha.

[Crawford]

This looks incredible. Might be the best-looking residential project I've seen in years.

[ChiND]

Magnificent!!!!

Also, getting rid of some crap on Third Avenue is an added benefit.

[Busy Bee]

Incredible.

[ardecila]

Looks great. Reminds me of the Tower of Terror (laudatory)

[Busy Bee]

Maybe Steve Guttenberg will buy a pad.

[NYguy]

This gets an A from me. It would get an A+ if they improve on the design of the very top. Everything else is gorgeous.

[streetscaper]

Superb!

[Busy Bee]

Originally Posted by NYguy

This gets an A from me. It would get an A+ if they improve on the design of the very top. Everything else is gorgeous.

Exact thought.

[jackster99]

Originally Posted by Busy Bee

Exact thought.

Yes instead of a flagpole, a gargoyle, or a lantern, or something art deco would have been the cherry on top

[Busy Bee]

The top just doesn't look properly integrated with the rest of the design. Needs work. Love the flag. Looks like an old turn-of-the-century postcard.

[UrbanImpact]

Originally Posted by Busy Bee

The top just doesn't look properly integrated with the rest of the design. Needs work. Love the flag. Looks like an old turn-of-the-century postcard.

Agreed, love it, but, rework the "self storage" looking pinnacle.

[NYguy]

Even something as simple is giving it the arch treatment like the section below would be an improvement.

[Doubleu1117]

I dont know if there is an actual height limit around the park, but from looking around, there are a few buildings in the 15, 16, 17 floor range along the park. This rendering only has 11 floors facing the actual park, and the way it sets back towards 3rd Ave, you wont feel it at street level. And on the 3rd Ave side, there's a brand new 20 floor building directly across the street (background of pic 2) that will pair nicely with this.







The 4 low rise buildings facing 3rd Ave. Legion has fencing up already, as of Google street view this wasn't up as late as Sept 2024. So maybe demolition not too far away on this side.

[ChiND]

It seems that the portion of the tower that’s on the park side is the scale of other buildings. The taller part seems to be on the Third Avenue side.

It’s a shame that the developer couldn’t get this grey eyesore on the north end of the assemblage on Third Avenue.

[Doubleu1117]

Demolition complete of the 3rd Ave buildings.



Nothing yet on the Gramercy Park side:

[ChiND]

This is going to be spectacular!

[Doubleu1117]

[Doubleu1117]

Scaffolding up on the Gramercy side buildings.