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Excavation work proceeding at 45 Park Avenue
By Carter Horsley   |   From Archives Wednesday, May 10, 2006
Excavation is advancing for the new 20-story residential condominium building at 45 Park Avenue on the southeast corner at 37th Street that was the former site of the 9-story Sheraton Russell Hotel.

The new, red-brick building is being developed by SJP Residential Properties of Parsippany, N.J., and will contain more than 100 apartments. It is setback at the 16th floor.

The prime Murray Hill site is directly across the avenue from the impressive Georgian-style Union League Club and one block to the east of The Morgan Library.

Apartments will have individually controlled heating and air-conditioning, Iroko hardwood floors, and washers and dryers and most rooms will have their own juliette balconies. Kitchens will have Viking appliances and granite countertops and bathrooms will have marble floors and Kohler fixtures.

The building will have a two-story entrance atrium, and its lobby will be concierge/doorman attended with Crema Marfil and Oro Toscano marble floors and surrounds, and Mozambique wood walls. The package room will have a delivery refrigerator.

The building will also have a garage, a health club and a residents' lounge with a terrace.

Costas Kondylis is the architect for the "as-of-right" building.

SJP Properties is also developing a condo tower at 750 Eighth Avenue that it has recently given a new address, 247 West 46th Street, and a new name, "Platinum."

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Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.