By: CityRealty Staff
February 16, 2023
Leasing has launched at Gemma Gramercy, a new 20-story rental at 200 East 23rd Street. Current availabilities start at $3,900/month for studios, $6,250/month for one-bedrooms, and $7,500/month for two-bedrooms. The prices come in above the Gramercy median rent (per CityRealty listings), but residents can expect significant savings on their utility bills: The building was constructed to Passive House standards, which reduces energy consumption as much as 85%.
Gemma Gramercy’s Façade Nears Completion At 202 East 23rd Street In Gramercy, Manhattan
By: Michael Young and Matt Pruznick
January 21st, 2023
Façade installation is nearing completion on Gemma Gramercy, a 20-story residential building at 202 East 23rd Street in Gramercy Park, Manhattan. Designed by Hill West Architects and developed by SMA Equities, the 233-foot-tall structure will span 95,000 square feet and yield 108 rental units in studio to two-bedroom layouts with marketing by REAL New York. Twenty-eight of the apartments will be designated for affordable housing. KSK Construction Group is the general contractor for the project, which is located at the corner of East 23rd Street and Third Avenue on the border with Kips Bay. The property is being constructed to Passive House standards.
Manhattan Passive House Community Nears Completion
By: Raluca Toma
January 17th, 2023
Developer SMA Equities is approaching the completion of Gemma Gramercy, a 108-unit community located in Midtown Manhattan. Hill West Architects is the project’s designer. The development is slated for completion this spring, according to a spokesperson representing the architect of the project. The leasing activity at the property is being managed by Real NY.