Hospitals are a dying breed and from their ashes often rise residential developments. One such case is Gramercy Square, a conversion of the former Cabrini Medical Center, between East 19th and 20th streets and Third and Second avenues. Completion of the 223-unit, four-building project is expected this year and, thanks to the New York Times, we have information about what it will look like on the inside, new unit counts for each building, and, apparently, a slight uptick in pricing.
First, the pricing. Back in July, we reported on an $885,000 studio. Now, studios apparently start at $995,000.
Now, on to the trim and unit counts. 215 East 19th Street, with its 130 units, will feature herringbone floors, in white oak versions for living rooms and marble for bathrooms.
225 East 19th Street, with its 48 units, will have floors in a basket-weave pattern.
220 East 20th Street, with its eight units, will feature mostly four-bedroom, four-bathroom units with a mix of white and stained-wood cabinets.
Finally, 230 East 20th Street, with its 37 units, will have a "contemporary look" that includes floor-to-ceiling windows and lacquered cabinets.
The complex will also feature 12,000 square feet of amenity space that includes a pool, a golf simulator, and a wine room.
The entire development – from the Chetrit Group, Clipper Equity, and the Read Property Group - is valued at $850 million, Curbed NY is told.
· From Hospital to Condo [NYT]
· 10 NYC Sites Transforming From Hospitals to Housing, Mapped [Curbed]
· Every Single Price Revealed for Gramercy's Cabrini Conversion [Curbed]
· Gramercy Square [Official]
· All Gramercy Square coverage [Curbed]