An Upper West Side rehabilitation center will be converted into a 14-unit luxury condo building, The Real Deal reports. The Phoenix House, which runs its drug and alcohol rehabilitation center at 164 West 74th Street, sold the property to Greystone Development and Prime Rok Real Estate for $26.8 million last week.
"We have experience working with landmarked buildings and we are excited to have the opportunity to transform this unique and notable property into a collection of carefully designed residences that will fit contextually into this architecturally significant Upper West Side neighborhood," Jeffrey Simpson, the head of Greystone Development, said in a press release.
The developers have roped in Barry Rice Architects to carry out the residential conversion of the seven-story building. The condo building will likely feature apartments that vary in size from 1,000 to 2,850 square feet, with prices starting at $2.3 million. The penthouse at the building will likely be priced at $6.5 million, according to TRD.
Barry Rice previously converted the Brooklyn Trust Company Building in Brooklyn Heights into 12 condos. Developer Greystone tried to convert the historic Brooklyn Lyceum building into condos, but due to community opposition, leased out the space to Blink Fitness.
The Upper West Conversion is set to be complete by 2018, according to TRD.
"It's a gorgeous building with a pristine façade that alludes to the "fin de siècle" and "la belle epoque," and turn of the Century European architecture," architect Barry Rice said in a press release. "We envision a new south facing rear façade that is inspired by the Grand Courtyard of the Upper West Side's hotel/apartment buildings such as The Ansonia. The end product will be a classically inspired condominium building with expansive apartment layouts for 21st Century living."