Permits have been filed for an eleven-story mixed-use building at 350 East 18th Street in the Gramercy neighborhood of Manhattan. While it is technically in Gramercy, the site is about seven blocks away from the famed private park, and is situated across the street from Stuyvesant Town. CIM Group will be responsible for the development.
The 124-foot tall structure will yield 63,720 square feet, with 48,370 square feet dedicated to residential use, and 6,970 square feet for ground-floor retail space. 40 apartments will be created, averaging 1,200 square feet apiece, indicating condominiums. Amenities for residents will include a lobby, storage, a children’s playroom, fitness center, and lounges on the second floor and the top floor. A rooftop terrace will be accessible to all residents.
BKSK Architects will be responsible for the design.
Demolition permits for the existing four-story structure were filed in October of 2017. The estimated completion date has not been announced.