Articles on Apartments Near Madison Square Park

More Homes are Coming to Madison Ave


 

Condominiums are being filed all over Manhattan, including on the uber-exclusive Madison Avenue. Plans for an 18-story condo development have just been filed on Madison Avenue and will bring 16 luxury homes to the area. 

A Look Into Gramercy's Most Glamorous Condos

Facade of Sky House, 11 East 29th Street

In part 2 of our Spotlight on Gramercy, we’re showcasing buildings that encapsulate the neighborhood’s classic charm and modern luxury.

One Madison Park Open For Business? Believe It

Luxury apartments at One Madison Park may finally be back on the marketIt’s been a long time coming, but the luxury apartments in One Madison Park may finally be put back on the market. Anyone who knows the history of this luxury condo knows that this is no small victory; the legal quagmire that included involuntary bankruptcy, defaulted loans, and ownership changes looked hopeless as recently as a few months ago. But now, a group of creditors including Related Companies., HFZ Capital, and CIM Group won control of One Madison Park last week - a federal court approved their plan to take the glass condominium tower out of bankruptcy. Related Cos. agreed to settle the majority of the outstanding claims (estimated to be in the tens of millions of dollars) a move that will allow them to complete construction at the site. According to the developers, sales on the 55 luxury condominiums in One Madison Park that are unsold could begin by the end of this year.

Eccentric Glass Design Gets Second Chance in Flatiron District

Glass designed building in Flatiron District gets second opportunityIt is rare when a developer has the opportunity to build a new construction condominium in Manhattan from the ground up, which but a new project is in the works from Anbau Enterprises. New is only relative when it comes to this project, however -- the firm is looking to build off of a design formerly intended as a hotel. What they're looking to build, though, is the interesting part -- the new construction condominium that Anbau Enterprises is planning to build on a former parking lot on West 23rd Street between Fifth Avenue and Sixth Avenue looks likely to be an instant landmark among Flatiron District condominiums, and could be one of the most ambitious new construction condominiums in Manhattan, period. Then again, given that Anbau paid $18.5 million for the lot, ambition shouldn't be a problem.

And on Central Park South -- a mini-neighborhood that, as we reported back in March, has emerged as one of the most promising new spots in Manhattan real estate -- Anbau's planned 93,000-square-foot condominium could fit right in. More proof, if you needed it, that there's more to the lower Flatiron than Madison Square Park's beloved Shake Shack and some new luxury hotels.

Peace On The Park: One Madison Litigants Settle, So What's Next?

One Madison New York City Luxury Condos for SaleWe are not, by nature, a morbid bunch here at New Construction Manhattan. We love us some New York City, we care about Manhattan real estate, and we're not so much in the bad news business as we are in the news about NYC real estate/helping people find luxury condos in NYC business(es). But while we're generally averse to tales of woe in the NYC real estate market, we find ourselves writing about One Madison -- formerly known as One Madison Park, and still one of the most star-crossed luxury condos in New York City -- fairly often. Why is this? Several reasons. One is that One Madison< is a (as we have noted here before) pretty amazing looking new construction condo, and could yet become one of the most impressive high-end condominiums in NYC. Another reason, though, is that One Madison is just interesting. Already a striking part of the greater Gramercy Park condo scene, One Madison is a building in limbo that could become a blockbuster once it finally figures some things out. Unfortunately for One Madison Park, though, all that figuring-things-out has been taking place in court, thus far. Fortunately, though, things at One Madison Park just might be getting figured out.