Sales Launch at Gramercy Square; Four Distinct Buildings in the Heart of NYC's Beloved Neighborhood

By CityRealty Staff | From The New Skyline Tuesday, September 20, 2016

Gramercy Square's 'The Tower' at 215 East 19th Street, and 'The Prewar' at 225 East 19th Street

A new four-building residential development in Gramercy has a new website, and has softly launched sales by releasing a select number of listings to the public. Developed by Clipper Equity and The Chetrit Group, the buildings are collectively known as Gramercy Square, and the website is complete with new renderings and details of the project, highlighting the distinct concepts for the individual buildings.

Conceived and designed by Woods Bagot, the buildings have a combined 223 luxury residences that range from studios to four-bedrooms. The buildings - The Tower, The Boutique, The Prewar, and The Modern - are located on East 19th and East 20th streets, between Second and Third avenues. They share 20,0000 square feet of interconnected gardens and green spaces in a park-like oasis designed by landscape architects M. Paul Friedberg & Partners. The private gardens include a central courtyard, walking paths, a rooftop terrace, and a variety of plantings and lounge areas.

The four interconnected buildings will be surrounded by beautiful garden space designed by MPFP.

The two buildings on East 19th Street are known as The Tower and The Prewar. The Tower is the tallest of the buildings and has 16 floors with studios to four-bedroom layouts, featuring some of the highest ceilings and most expansive floor plans in the complex. Nearly floor-to-ceiling windows enhance sunlit exposures, and a rich interior palette will create a warm living environment. The Tower currently has eight apartments for sale, with studios starting from $1.215 million (Unit 4G) and four-bedrooms from $5.925 million (Unit 11C).

The Modern, 230 East 20th Street

Modern lobby

Modern living area

Modern bath

Gramercy Square's historic stronghold is The Prewar. Built in 1931, it has studio to three-bedroom layouts that combine traditional design with a bright and modern palette. There are currently two apartments for sale, a $1.495 million one-bedroom (Unit 305) and a $2.6 million two-bedroom unit (Unit 506).

On East 20th Street are the buildings known as The Modern and The Boutique. The Modern has a rich, bronze façade and nearly floor-to-ceiling windows. Inside, one- to four-bedroom residences will have streamlined layouts and the most contemporary finishes of the buildings. There are currently two apartments for sale, a $1.325 million one-bedroom (Unit 32) and a $2.2 million two-bedroom (Unit 21). The Boutique has only eight residences. They are full-floor layouts with three- and four-bedrooms. Each will have generous amount of space for privacy and entertaining, with multiple garden and streetscape exposures. There is one 4-bedroom unit for sale for $7.175 million (Unit 5).

The Boutique

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Boutique lobby

Boutique living area

Boutique bath

Gramercy Square will also host 18,000 square feet of amenity space, dubbed “The Gramercy Club.” Included will be a fitness center designed and curated by La Palestra, featuring a 75-foot pool, a spa, a hot tub, a sauna, steam rooms, and a yoga studio. More amenities will include a golf simulator, a media room, a recreation room, a lounge with garden exposures, private dining space, a wine cellar, and available parking.

Situated in Gramercy Park, the development will rise among some of Manhattan’s most treasured restaurants, hotel rooftops, farmer’s markets, and outdoor enclaves. For reference, the average price per square foot of condos in the neighborhood as of September 1st was $1,747, up slightly from last September’s closing price of $1,669 per square foot. There are currently 151 condos for sale in Gramercy Park, for a median asking price of $2,017,500, or $1,782 per square foot.