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Carter's View

The Vintage Group is converting two commercial properties to residential condominiums in Manhattan and is also planning to erect a new residential condominium building in midtown.

Sam Suzuki of The Vintage Group told today that the new building will be at 5 East 44th Street, a site now occupied by a vacant six-story, red-brick commercial building, shown at the right.

The new building will be 20 stories high and have 23 loft apartments. It is being designed by Alan Ritchie of The Office of Philip Johnson. It is two doors from the Art Deco skyscraper at 535 Fifth Avenue, immediately adjacent to 11 East 44th Street, which has J. Press as its major retail tenant, and it is across the street from the Cornell Club. Brooks Brothers is on the same block and Grand Central Station and the MetLife Building are one-and-and-a-half blocks to the east.

The building is due to be finished in March, 2007, Mr. Suzuki said.

At 135 West 14th Street, his company is converted a former 8-story commercial building to a 10-story residential loft condominium with 9 units. William Brothers is the architect for that project.

The third project is the conversion of the 12-story commercial building at 140 West 22nd Street in Chelsea. Steve Alton is the architect for the conversion that will create 43 residential condominiums. It is due for occupancy in June, 2007. The property was bought for about $27 million recently from Broadway 41st Street Realty Corporation by the Vintage Group and Cronus Capital, according to Adelaide Polsinelli of Besen & Associates, the broker in the transaction.
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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.