When Gamma Real Estate’s $98 million bid won the debt-beleaguered site at 3 Sutton Place just a couple weeks ago at a bankruptcy auction, 6sqft noted that the firm could either re-sell, bring the original plan for a 900-foot condo tower by starchitect Norman Foster to fruition, take on a joint-venture partner, or move forward with a plan of its own. The Real Deal now tells us that Gamma filed plans with the Department of Buildings for an 844-foot, 67-story tower with 389 apartments. However, he says this is to “safeguard the property” while the firms weighs all the aforementioned options.
The debt-beleagured Sutton Place site that included plans for a 900-foot-tall luxury condo from starchitect Norman Foster has finally had its day at the auction, and the winning bidder was N. Richard Kalikow’s Gamma Real Estate, according to The Real Deal. A bankruptcy judge authorized the sale of the property at 3 Sutton Place in September, after Joseph Beninati’s Bauhouse Group failed to pay back creditors and partners on the 262,000-square-foot development. Gamma controlled the entities that originally loaned Beninati $130 million, but as of today the developer outbid Brooklyn investor Isaac Hager, paying $86 million for the site and $12 million for additional air rights, far less than the predicted $187 million price tag.
Despite the fact that the site is headed to the auction block next month, local residents and elected officials are rallying to prevent the possible construction of a 950-foot condo tower on East 58th Street in tony Sutton Place. Curbed reports that the group, which includes Councilmen Ben Kallos and Dan Garodnick and Manhattan Borough President Gale Brewer, have submitted a plan to the City Planning Commission that proposes a height cap of 260 feet for the area bounded by East 52nd and East 59th streets east of First Avenue where there is currently no limit on how tall apartment towers can be.
The 262,000-square-foot project that includes plans for a 900-foot-tall luxury condominium tower drawn up by British architect Sir Norman Foster of Foster + Partners that embattled developer Joseph Beninati had hoped to build in the heart of Sutton Place is set to be auctioned next month, according to Crains. As 6sqft previously reported, the sale of the property at 3 Sutton Place was authorized in September to pay back creditors and partners who were owed money from the derailed project, and a source has told Crain’s that an auction is scheduled for December 13 with bids due by December 8.
A US Bankruptcy Court judge has approved a plan to sell the 3 Sutton Place site at at 426-432 East 58th Street, one of the city’s most luxurious old enclaves, reports the New York Post. Brokers have been selected to conduct the marketing of the 262,000-square-foot project that includes plans for a 900-foot-tall condominium tower drawn up by British architect Sir Norman Foster of Foster + Partners.
As you would expect from a former editor of one of the world’s most recognized lifestyle magazines, Tina Brown has for the last 20 years found refuge in a spectacular home in an equally spectacular building at 447 East 57th Street. But now the media mogul, who also served as an editor at The New Yorker and founded The Daily Beast, and her journalist husband Harold Evans, who himself boasts quite a resume having held top positions at the likes of U.S. News & World Report and The Atlantic, have listed their elegant Sutton Place abode for $9.75M.
According to the listing, the triplex comes with five bedrooms, 5.5 baths and an incredible 19’x64′ private walled-in garden. But what might be the most alluring feature of this maisonette is that it’s more than once served as the backdrop for riveting conversations (and surely some heated arguments) with names like Bill Clinton, Tony Blair, Henry Kissinger and Angelina Jolie. As Brown so breezily told the Journal, “Yes, we love to entertain our friends, but there is always content to the evening, where we try to bring exposure for someone that has something incredible.”
The sprawling two-bedroom East Side penthouse that was once home to screen icon Marilyn Monroe and third husband Arthur Miller is for sale asking $6.75 million, the New York Post reports. This chic and elegant condo atop 444 East 57th Street, just off Sutton Place, was home to a star-studded list of 20th century residents, topped by the tempestuous Monroe and Miller when the latter was writing “The Misfits” (1961), the last play in which the troubled star would appear.
The iconic pad definitely looks the part, with a recent total renovation within, postcard views of the 59th Street Bridge, East River and city skyline, and over 3,000 square feet of soiree-ready outdoor terrace space. Those same terraces have witnessed glittering parties that drew luminaries of the day from Cary Grant to the Duke and Duchess of Windsor; other celebrity residents included fashion designer Bill Blass, singer Bobby Short and Sweden’s Princess Madeleine.
Bauhouse Group received permits just a week ago to raze a string of buildings at 428-432 East 58th Street in Sutton Place, and as 6sqft previously reported, the developer had tapped starchitect Norman Foster to design the 900-foot luxury residential tower. New York Yimby now has a first look at the building’s stunning views from 100 feet and up. From the top, “just some of the things you’ll be able to see are Central Park, the George Washington Bridge, 432 Park Avenue, the Empire State Building, the Chrysler Building, Sony Tower, the Citigroup Center, One World Trade Center, the Ed Koch Queensboro Bridge, Roosevelt Island, the RFK Bridge, the Hell Gate Bridge, the United Nations, and the Williamsburg Bridge.”
The listing calls this a “trophy” penthouse, and with all the bells and whistles that come with the apartment, they’re not lying (h/t Curbed). The co-op spans the 17th and 18th floors of 400 East 59th Street, a prewar building in Sutton Place built in 1928 and converted in 1981. It’s got four bedrooms, five bathrooms, and more outdoor space than you likely thought possible: a wrap-around terrace, a double-height solarium, a terrace off the master bedroom, and a private roof deck. In case you’re wondering, that’s 1,450 square feet of terrace space total. Oh yeah, there’s also a dressing room in the master that’s the size of a studio apartment. All this can be yours for a cool $16 million, a huge leap from its last sale in 2011 for a mere $4.35 million.
Piscane Seafood, one of the oldest remaining fish markets in the city, closed this spring, and its humble 19th-century home at 940 First Avenue will be replaced by a 14-story residential building. According to permits filed with the city’s Department of Buildings yesterday, the narrow 25-foot-wide lot will give rise to a 141-foot-tall tower developed by Brooklyn-based CS Real Estate Group and designed by the often-maligned architect Karl Fischer. The building will provide a commercial storefront at ground level and thirteen floor-through units above, likely condominiums.