Elad seeks major renovation for Plaza’s neighbor

June 18, 2012 03:30PM

The Elad Group is pushing to gain Landmarks Preservation Commission approval for a significant renovation to The Plaza‘s next-door neighbor, according to Curbed. The developer, which is in talks to sell its stake in the Plaza, will present a new plan this week for the slim seven-story building just west of the famed hotel, at 22 Central Park South.

It has commissioned Goldstein Hill & West Architects to transform the building’s facade to lend it a more modern feel. Curbed said the plans involve replacing bricks with limestone, removing fire escapes and installing Juliet balconies while adding two floors to the top of the property.

Inside, Elad wants to convert the 21 units into seven full-floor, two-bedroom apartments topped by a duplex penthouse with a rooftop terrace.

The property’s ground-floor space had previously held an antique store that closed four years after Elad took over the building, and its renowned next-door neighbor, in 2004. [Curbed]