Cursory search didn’t show a topic on this one. It’s very interesting. New development on Gramercy Park East and a tower on 3rd avenue (152 E 21st.)
Dead links on the Global Holdings page showed these preliminary renderings:
If this is the design, this will be a new landmark.
Since it’s a Roman & Williams design, I’m betting early versions had a full blown lantern on the 3rd ave. tower like the Con Ed building, but the developers cut it down to a flag.
Looking around for other news, this appears to be the most recent update here on this development from February:
Legion Investment Group and Gindi Capital have closed on the final parcels of an assemblage at 38 Gramercy Park East in Manhattan, paving the way for Legion to develop a ground-up residential condominium building. The structure will be the first new condo building on Gramercy Park in a century, according to the developer.
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.
Seems like the proposal has grown from 11 to 20 stories, but I can’t find any new rendering.
Wow! That’s beautiful!
I hate tearing down older buildings, but i would also be fine having every building in this city be made of limestone!
Doesn’t Gramercy Park have a height restriction? I can’t imagine they’d allow a 20 story building next to 36 Gramercy Park E, unless it was designed like the Global Holdings rendering, with the tower portion on Third Ave.
The Gramercy Park facing side is 11 stories in the renderings…
“No visible demo activity on 38 GPE itself”
There has been a certain amount of interior demolition, but (as of May 29) even the window A/C units are still in place. I’m sure there’s a story behind this - maybe something to do with the “local gentry,” who put up a fuss when a developer “bought the air rights” over #38 a few years ago. Who knows? All I know, as someone who walks past there every day, is that the site is going to be a construction zone for about the next two years (I’ll have to detour to 20th Street).
