The Gramercy Square: Hospital Turned into a Condominium, A Superb Real Estate Innovation

The Gramercy Square is a $350 million complex was once the site of Cabrini Medical Center, a hospital that closed down back in 2008.

Yes, a hospital turned into condominium, and even the founder of clipper, David Bristricer said of it, "I found it very interesting and very rewarding to take something like that and make it work." He is amazed that how the Square turned out was a place where there is always something for everybody.

This hospital turned into a condominium Gramercy Square features a total of 223 apartments at No. 215 with styles and size that varies. It also offers, half-acre of gardens and swimming p[laces for residents. Also you can expect to swing golfs and store wines in the interconnected basement rooms, as part of the condominiums amenities.

Gramercy Square's buildings will also vary, and they will be distinguished depending on the interior design of each rooms. There will be floors where white oak living rooms and marble bath rooms. There are also floors where their bath tubs will be basket weave patterns.

There will also be a third conversion on the 220E 20th St, side of the building. The developers wanted to put in a kind of 'Park Avenue' feel to the building. The units will have 4 bedrooms and 4 and a half baths, with kitchens that will have a mix of stained and white wood cabinets.

At 230E and 20th St. is a 7 story building with 37 units will mostly be just with one or two bedrooms with lacquered cabinets and contemporary look.

There will also be 13 pent houses offered across the four buildings.

The apartment cost according to Bristriscer will cost $2,200 per square foot, $995,000 for the studio type and for the pent house, its cost will start at $33 million.

Jeremy Singer, of Wood Bagot's New York office said of the place, "From the standpoint of an architectural project, it was extraordinary, the range of disciplines involved."

Selling of these condominiums will start in the winter.

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