A slender four-story structure at the corner of East 20th Street and Third Avenue will be demolished to make way for a 19-story condo, The Real Deal has learned. CetraRuddy is attached to design the nearly 70,000 square foot project, which is expected to bring 52 new apartments to the neighborhood.
The project is located just half a block away from Gramercy Park, though residents in this building won’t get the coveted key to the gated enclave. The residential portion of the building will measure 65.475 square feet, which means apartments here will measure nearly 1,260 square feet on average. Of the total units, three will be full-floor units and be located on the top three floors of the building, which might mean the project will have three penthouses.
Amenities announced so far include a children’s playroom, a pet spa, a gym, a residents lounge, bicycle storage, and a rooftop terrace. The building will also have 2,700 square feet of commercial space.
The project is being developed by Glacier Global Properties, which paid $10 million for the site back in 2015. Other new condo projects in development in Gramercy include OMA’s prismatic condo at 121 East 22nd Street, and a 21-story condo designed by BKSK Architects at 200 East 21st Street. There’s no construction timeline yet on the condo set to rise at 200 East 20th Street.