Condo Conversion

11 perfect gifts for New Yorkers who live in small apartments

Paul Newman's Fifth Avenue co-op is on the market for $10M

The 23 best NYC holiday markets this year

Penthouse atop Upper East Side’s historic former Hotel Wales hits the market for $23M

Photo credit: VMI Studios

March 22, 2022

Penthouse atop Upper East Side’s historic former Hotel Wales hits the market for $23M

By Michelle Cohen

Capping the reinvention of the former Hotel Wales at 1295 Madison Avenue as luxury condominium residences, a newly-constructed 4,179-square-foot penthouse spanning the building's highest floor has just arrived on the market. The $23,000,000 home in the Carnegie Hill Historic District contains five bedrooms and seven bathrooms; its biggest asset, however, may be the 3,114 square feet of wrap-around terraces on two levels with Central Park views, an outdoor kitchen with a wet bar, a fireplace, and a butler’s pantry.
Get a peek at this parkside penthouse

LPC approves design for condo conversion at 120-year-old Hotel Wales

Rendering of the proposed cornice at Hotel Wales by Form4Design Studio and Higgins Quasebarth & Partners, LLC; via LPC

April 22, 2020

LPC approves design for condo conversion at 120-year-old Hotel Wales

By Devin Gannon

The Landmarks Preservation Commission on Tuesday approved plans to retrofit Carnegie Hill's historic Hotel Wales, which is set to be converted into luxury condominiums. The proposal from Form4 Design Studio and Higgins Quasebarth & Partners retains the hotel's Beaux-Arts facade, terra cotta elements, and scroll-bracketed balconies, as CityRealty reported. But the biggest alteration planned for the Carnegie Hill Historic District building is the new cornice and rooftop addition, the design of which the LPC on Tuesday said needs to be modified.
Find out more

Residential buildings replaced nearly half of NYC hospitals shuttered in last two decades

The Greenwich Lane condo building replaced St. Vincent’s Hospital; Photo by Eden, Janine and Jim on Flickr

April 10, 2020

Residential buildings replaced nearly half of NYC hospitals shuttered in last two decades

By Devin Gannon

Why is New York facing a shortage of hospital beds during the current crisis despite having the "best health care system on the planet," as Gov. Andrew Cuomo claimed? In the last two decades, 18 hospitals have closed in New York City, a loss of more than 20,000 beds. And new health care facilities did not replace the shuttered sites, residential buildings did.
Learn more

Policy

October 20, 2014

Extraordinary Dwellings: These Amazing Homes Are Hidden in Plain Sight

By Michelle Cohen

It isn’t unusual to see old warehouses, churches and banks converted into luxury multi-unit condos and apartments. But far more rare, and often shrouded in myth and mystery, are one-of-a-kind buildings that had former lives as banks, schools, a synagogue, a public bath house, a Con Ed substation, even a public restroom and a hillside cave–and have more recently served as home and workspace for a lucky handful of bohemian dreamers (and hard-working homeowners).
Find out who lives behind the gates of those those cavernous, mysterious buildings

Architecture And Design

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11 perfect gifts for New Yorkers who live in small apartments

Paul Newman's Fifth Avenue co-op is on the market for $10M

The 23 best NYC holiday markets this year

Penthouse atop Upper East Side’s historic former Hotel Wales hits the market for $23M

LPC approves design for condo conversion at 120-year-old Hotel Wales

Residential buildings replaced nearly half of NYC hospitals shuttered in last two decades

Extraordinary Dwellings: These Amazing Homes Are Hidden in Plain Sight

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