We received in the mail yesterday a nice booklet concerning 50 Gramercy Park North, the former hotel that is being partially converted into 23 condos by a group including Ian Schrager.
Schrager, who made his name originally as the owner of Studio 54 and went on to define the concept of chic boutique hotels (i.e. the Delano in Miami, Morgans and the Royalton in New York, among others), is now moving into the condo sector.
It is an interesting, and not at all illogical, progression for Schrager. Having mastered the art of a nightclub, where he redefined how one spends a few hours socializing, he went on to create a entire new hotel category with his hip, stylized hotels and redefined how people think about their vacations. Now, he is taking a shot at their permanent residences and clearly he is applying his trademark style to this project.
Two bedroom apartments range from approximately 1,837 square feet to 2,988 and three bedrooms range from approximately 2,729 square feet to 3,917 square feet. Many of the apartments will have terraces. There are no one bedroom or studio apartments and exact pricing has not been released yet.
Schrager, who made his name originally as the owner of Studio 54 and went on to define the concept of chic boutique hotels (i.e. the Delano in Miami, Morgans and the Royalton in New York, among others), is now moving into the condo sector.
It is an interesting, and not at all illogical, progression for Schrager. Having mastered the art of a nightclub, where he redefined how one spends a few hours socializing, he went on to create a entire new hotel category with his hip, stylized hotels and redefined how people think about their vacations. Now, he is taking a shot at their permanent residences and clearly he is applying his trademark style to this project.
Two bedroom apartments range from approximately 1,837 square feet to 2,988 and three bedrooms range from approximately 2,729 square feet to 3,917 square feet. Many of the apartments will have terraces. There are no one bedroom or studio apartments and exact pricing has not been released yet.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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