Articles on Gramercy Park

The Story of One Madison Park Nears an End (Maybe)

We’ve covered, along wOne Madison Park in Gramercy Parkith the rest of the real estate world, every development in the agonizingly drawn-out process of turning One Madison Park into an operational Manhattan condo, with little to show for it in terms of resolution -- though we now have some surprisingly intriguing (and sometimes exasperating) stories about the complications of real estate law. The legal limbo of One Madison has been frustrating considering how impressive this Manhattan condominium is, with a prime Gramercy location, notable architecture and covetous amenities. But today is a different kind of day. We have the happy task of reporting that this case of real estate stasis is apparently over -- or at least closer to over than ever before. A bankruptcy court judge in Delaware has recently approved a settlement that would resolve most of the financial claims bogging down One Madison, and grant official ownership jointly to the firms Related Companies and HFZ Capital.

What Can Prosciutto Do For You? Murray Hill Condos, Mario Batali and "The Eataly Bump"

Eatily and Murray Hill CondosWe've written several times in the past about NoMad, which is the not-so-convincing but also not-so-bad name given to the rising neighborhood on the fringes of Murray Hill and Gramercy Park. We wrote about NoMad not because we're lovers of real estate conjuncto-neologisms -- although, of course, who isn't? -- but because it's actually a really interesting young neighborhood, and home to a couple of very promising luxury condo listings in Twenty 9th Park Madison and Sky House. More importantly, though, NoMad has a real buzz about it, thanks in large part to destination hangouts like Ace Hotel. To say that Eataly, the blockbuster new Mario Batali-helmed Italian food emporium, has become one of NoMad's signature landmarks is a huge understatement. Eataly, in just a few short months in business, has helped make NoMad one of Manhattan's hottest food neighborhoods -- and boosted this sub-neighborhood's fortunes even higher. Especially among those of us who enjoy prosciutto.