The Real Deal New York

Suzuki Capital files to raze 21st Precinct building in Gramercy

10-unit condo property on 22nd Street to rise seven stories in its place

August 15, 2014 05:45PM

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gramercy

327 East 22nd Street and CORE CEO Shaun Osher

Suzuki Capital filed plans today to demolish the former 21st Precinct in Gramercy as part of its condominium project slated for the site.

The developer unveiled its proposal in April to construct a seven-story, 10-unit property at 327 East 22nd Street. Construction is expected to wrap by fall 2015. Suzuki, led by CEO Sam Suzuki, paid $11.5 million for the site in April.

Built in 1863 as a police station, the property was later repurposed by the non-profit organization Green Chimney as a group home for LGBTQ youth.

CORE is handling sales and marketing of the condos, while Philip Johnson Alan Ritchie Architects is designing it. The units, either two- or three-bedrooms, will range from 1,200 to 2,200 square feet. [NYO]Mark Maurer

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