It seems every major intersection in Gramercy between East 20th and 23rd Streets is being redeveloped these days. Last fall, 6sqft reported that a humble set of walk-up buildings at the southeast corner of East 21st Street and Third Avenue were hitting the chopping block. Since then, a new building application has been filed to construct a 20-story condominium designed by BKSK Architects with Alfa Development at the helm.
A new rendering of the structure, addressed officially as 200 East 21st Street, was published on the project’s EB-5 investors page and shows a two-tiered metal and glass building. There will be 29 one-bedroom units, 24 two-bedrooms, seven three-bedrooms, and three four-bedrooms, for a total of 63 apartments spread across 80,000 square feet. The ground level will host retail spaces and a shortlist of residential amenities includes a 24-hour doorman, concierge, tenants’ storage, a bike room, fitness center, and residents’ lounge.
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Alfa Development has filed plans with the Department of Buildings to demolish a string of low-rise buildings huddled near the northeast corner of East 21st Street and Third Avenue. The development team led by Michael Namer is known for its environmentally conscious downtown condo towers, which include Chelsea Green, Village Green, and Village Green West. Now, Alfa appears set on sprinkling some of their sustainable magic on a corner-site in Gramercy that could hold a tower of more than 90,000 square feet and rise up to 210 feet tall.
Last month, Alfa purchased the the four-building development site from Kevin Maloney’s Property Markets Group and Apex Investments for $69.6 million. The previous owners had planned to build a 25-unit affordable housing building to generate 40,000 square feet of bonus square footage for an undisclosed luxury development, but instead chose to sell the site to focus on other projects.
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Rendering via Alfa Development and Kutnicki Bernstein Architects (L); Current construction shot via CityRealty (R)
The finishing touches are being applied to Alfa Development‘s environmentally sensitive and industrially evocative condominium Village Green West. According to CityRealty, only two if its 27 units are are currently up for grabs, with at least 18 already in contract. Alfa’s 12-story mid-block building is centrally positioned at 245 West 14th Street, between Seventh and Eighth Avenues at the crossroads of Chelsea, the West Village, and the Meatpacking District. The Michael Namer-led development team purchased the 5,200-square-foot development site in 2012 for $14.65 million.
More details on the project here