The Carlton House Hotel will close at the end of this year for a massive renovation that will result in the building becoming a residential property, according to an article today at crainsnewyork.com by Lisa Fickenscher.
In March, Angelo Gordon & Co. and partner Extell Development purchased the 160-unit building from the Helmsley estate for $170 million.
About half of the 16-story building, at 680 Madison Ave. and East 62nd Street is already comprised of apartments, but they, too, will be emptied as their leases expire next year and the building undergoes a gut renovation, according to sources close to the project, the article said.
"The owners filed a Worker Adjustment and Retraining Notification on Friday with the state Department of Labor, indicating that the property will close Feb. 14, 2011. The New York Hotel & Motel Trades Council, which represents 100 workers, is in discussions with management about rehiring workers, among other things," the article continued.
The Helmsley Estate also owns the Park Lane Hotel and the New York Helmsley. The latter was recently put on the block, listed by CB Richard Ellis Inc., according to sources, and the Park Lane will also be sold as the estate disposes of its real estate holdings.
Neither Extell nor the union would comment regarding the conversion.
The brown brick, free-standing building at 680 Madison Avenue occupies the entire blockfront between 61st and 62nd Streets and was designed by K. B. Norton in 1950 with 147 apartments.
It has a three-story limestone base with handsome pilasters between the second and third floors. It has a canopied entrance, sidewalk landscaping discrete air-conditioners, several terraces and many bay windows.
For several years, Maxim's, the famous Parisian restaurant, occupied a large restaurant decorated by Janko Rasic in Art Nouveau style on three levels as well as a bistro in the building on 61st Street that was notable for the large "eye" painted in the urinal bowls of its men's rooms in space that would later be occupied by Judith Lieber handbags.
In March, Angelo Gordon & Co. and partner Extell Development purchased the 160-unit building from the Helmsley estate for $170 million.
About half of the 16-story building, at 680 Madison Ave. and East 62nd Street is already comprised of apartments, but they, too, will be emptied as their leases expire next year and the building undergoes a gut renovation, according to sources close to the project, the article said.
"The owners filed a Worker Adjustment and Retraining Notification on Friday with the state Department of Labor, indicating that the property will close Feb. 14, 2011. The New York Hotel & Motel Trades Council, which represents 100 workers, is in discussions with management about rehiring workers, among other things," the article continued.
The Helmsley Estate also owns the Park Lane Hotel and the New York Helmsley. The latter was recently put on the block, listed by CB Richard Ellis Inc., according to sources, and the Park Lane will also be sold as the estate disposes of its real estate holdings.
Neither Extell nor the union would comment regarding the conversion.
The brown brick, free-standing building at 680 Madison Avenue occupies the entire blockfront between 61st and 62nd Streets and was designed by K. B. Norton in 1950 with 147 apartments.
It has a three-story limestone base with handsome pilasters between the second and third floors. It has a canopied entrance, sidewalk landscaping discrete air-conditioners, several terraces and many bay windows.
For several years, Maxim's, the famous Parisian restaurant, occupied a large restaurant decorated by Janko Rasic in Art Nouveau style on three levels as well as a bistro in the building on 61st Street that was notable for the large "eye" painted in the urinal bowls of its men's rooms in space that would later be occupied by Judith Lieber handbags.
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.
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