Sutton Place

Gamma Real Estate will stop work on Sutton 58, a proposed 800-foot-tall residential tower at 3 Sutton Place, after the New York City Council voted on Thursday to rezone 10 blocks on the Upper East Side. According to The Real Deal, the rezoning requires properties between 51st and 59th Streets east of First Avenue to follow ‘tower-on-a-base” rules, meaning 45 to 50 percent of the building must be built below 150 feet. This drastically changes the developer's plan for a soaring skyscraper and also caps the height of future buildings.
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Policy

City Planning gives the go ahead for controversial 800-foot Sutton Place tower

The original rendering of 3 Sutton Place by Foster + Partners

November 16, 2017

City Planning gives the go ahead for controversial 800-foot Sutton Place tower

The City Planning Commission approved a resident-proposed plan to curb the development of supertall, skinny towers in Sutton Place on Wednesday, capping the height of future buildings. However, because of a clause inserted by the commission, projects already under construction will be grandfathered into the current zoning rules. This comes as good news for Gamma Real Estate, the developer currently constructing an 800-foot-tall residential tower, now called Sutton 58, at 3 Sutton Place. Gamma needs to finish the foundation planned for their luxury condominium tower before the city votes on the rezoning proposal, to be immune from new height restrictions (h/t Crain's).
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August 8, 2017

Elizabeth Arden’s former Sutton Place townhouse hits the market for $16M

A single-family townhouse in affluent Sutton Place has hit the market for $16 million. The home, located at 4 Sutton Square, was built in 1921 for Henry Sprague, the inventor of the Sprague gas meter. Beauty entrepreneur Florence M. Lewis, better known professionally as Elizabeth Arden, and Michael Jeffries, president of Abercrombie & Fitch, have also called the exclusive, five-story pad home. Last year, the 4,000-square-foot, four bedroom home was on the market for $19.95 million.
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Locals employ new zoning strategy to keep skyscrapers from rising in Midtown East

New rendering of the entrance to 430 East 58th Street, also known as Sutton 58. Photo: Thomas Juul-Hansen

July 6, 2017

Locals employ new zoning strategy to keep skyscrapers from rising in Midtown East

In what they're calling an "unprecedented citizens' application," the East River 50s Alliance, a Sutton Place/Midtown community group, has mounted a renewed campaign to oppose an 800-foot tall condo tower that's rising at 430 East 58th Street, the Wall Street Journal reports. As 6sqft previously reported, the developers of the new tower, Gamma Real Estate, closed on the $86 million site earlier this year in a bankruptcy sale and hired Danish-born architect Thomas Juul-Hansen to design the new skyscraper. The group has filed an application for a zoning change that calls for a ban on tall towers in a 10-square-block area; developers regularly file for zoning changes that cover only the property they're looking to build on.
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New Developments

June 9, 2017

Dramatic Sutton deco duplex that belonged to Sen. Jacob Javits asks $5.2M

New York City's classic pre-war co-ops are in an elegant class by themselves, with beamed high ceilings, big casement windows, entry halls and galleries, maid's rooms and gracious spaces in general. The more interesting among them tend to be those in which the customized luxury of their longtime residents has been preserved. Such is case with this spacious duplex at 322 East 57th Street in Sutton Place (where you'll find a lot of preserved customized luxury). The listing describes the three-bedroom deco-era co-op, listed for $5.195 million, as "exquisite, dramatic and unique." Designed in 1933 by renowned architect Joseph Urban, the 3,300 square-foot apartment was for 40 years the home of the late Senator Jacob Javits and his wife, Marian, who died earlier this year. And while it's likely that there are many updates to be made, there are also many surprising details that have returned with today's trends.
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May 15, 2017

French-inspired townhouse asks $8.5M on Sutton Place

By Emily Nonko

This $8.5 million townhouse at 19 Sutton Place boasts an interesting backstory dating to the 1920s. The home--like most others in the area--was built as an unassuming brownstone in the late 1800s. In 1920, the wealthy literary agent Elisabeth Marbury, with her partner Elsie de Wolfe, a well-known decorator, moved to the block and hired an architect to transform a nearby townhouse into a neo-Georgian townhouse. Millionaires followed suit, moving in and redesigning the homes of Sutton Place. At 19 Sutton, banker B. Stafford Mantz transformed the brownstone into a "provincial Louis XVI townhouse of grey and brown brick" according to Daytonian in Manhattan. And today, the interior boasts elegant spaces with high ceilings, five wood-burning fireplaces, and its own elevator.
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April 28, 2017

For $6.25M this classy classic 7 on Beekman Place has gorgeous bones and river views

Occupying the full fourth floor of the Campanile building at 450 East 52nd Street amid the understated old Manhattan elegance of Beekman Place on the East River, this renovated 3,000-square-foot three-bedroom home offers stunning river views from every room. The stately co-op building was the Mayfair Yacht Club until 1933 and later home to Greta Garbo, Rex Harrison, H.J. Heinz, Mary Martin and the Rothschilds among others. The apartment's rich original details have been impeccably maintained, while every modern luxury has been painstakingly added.
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Distinctive Homes

Gamma Real Estate closes on $86M purchase of 3 Sutton Place, taps Thomas Juul-Hansen for new design

The original rendering of 3 Sutton Place by Foster + Partners

April 10, 2017

Gamma Real Estate closes on $86M purchase of 3 Sutton Place, taps Thomas Juul-Hansen for new design

Following a contentious legal battle, Gamma Real Estate has won the foreclosure auction and closed on the $86 million acquisition of 3 Sutton Place, a development site where the firm plans on building a 700-foot-tall condominium tower. As Commercial Observer learned, this includes three neighboring lots at 428-432 East 58th Street between First Avenue and Sutton Place. Earlier this year, 6sqft explained that a bankruptcy judge authorized the sale of the property after Joseph Beninati’s Bauhouse Group failed to pay back creditors. While Stephen B Jacobs remains the executive architect, Gamma has hired Thomas Juul-Hansen, a Danish-born architect, who will design the skyscraper.
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Real Estate Trends

April 7, 2017

Ari Onassis’ former Sutton Place townhouse hits the market for $30M

The exclusive neighborhood of Sutton Place has been described as a "riverside enclave for the well-to-do," and Sutton Square, which sits at the end of 58th Street and offers its residents an expansive shared garden perhaps best embodies this exclusivity. It makes sense then that Aristotle Onassis and his first wife Tina once lived in this magnificent townhouse at 16 Sutton Square; John Whitehead later lived in the same home for the last 26 years of his life. The 12-room house, now on the market for $29,950,000, also has a private backyard, as well as a terrace perfect for boat watching and a spectacular glass, circular staircase that "virtually cantilevers over the river."
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Distinctive Homes

March 23, 2017

Greta Garbo’s exclusive East Side co-op hits the market for the first time in 64 years, asking $6M

By Annie Doge

For the first time in decades, an apartment in The Campanile, an exclusive co-op building in the Beekman/Sutton Place neighborhood, is for sale. As the New York Times reports, the sprawling fifth-floor home belonged to Greta Garbo, the late Hollywood screen icon, and hit the market this week at an asking price of $5.95 million, in an all-cash offer. Garbo bought 2,855-square-foot, three-bedroom residence in 1953 and lived there until her death in 1990, enjoying its private location and the fact that it was "very reminiscent of where she grew up in Stockholm — close to the water and with lots of sunlight," said her great-nephew Derek Reisfield. But with the apartment now largely vacant, her family has decided to sell.
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March 14, 2017

Marilyn Monroe and Arthur Miller were neighbors, but this $5M Sutton Place condo is glamorous on its own

Celebrity connections get our attention, especially when the celebrities are as fascinating as Marilyn Monroe and husband Arthur Miller, who shared an elevator landing with this beautifully renovated apartment at 444 East 57th Street. As 6sft previously wrote, the pair's Sutton Place penthouse, on the market last June for $6.75M, "was home to a star-studded list of 20th century residents, topped by the tempestuous Monroe and Miller when the latter was writing “The Misfits” (1961), the last play in which the troubled star would appear," and of terraces that "witnessed glittering parties that drew luminaries of the day from Cary Grant to the Duke and Duchess of Windsor." The elegance that brought them to this legendary 1927 white glove building is very much in evidence in this four-bedroom home spanning nearly 3,000 square feet.
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March 1, 2017

Emmy Rossum bids farewell to her beautiful Sutton Place pied-à-terre

By Jon Dioffa

Actress Emmy Rossum's perfectly outfitted pied à terre has a new owner. LLNYC reports that a buyer has just scooped up the "Shameless" star's one-bedroom charmer at 455 East 57th Street for $1.1 million. Rossum quietly listed the home last November, just a month after she invited Elle Decor over to photograph the space. The full spread shares Rossum's journey of turning the "pied-à-teardown" into an elegant escape with the help of Brooklyn interior designer Antonino Buzzetta. According to Elle, Rossum asked Buzzetta for something "chic, European, the look of a modern girl who has inherited her grandmother's stuff." "I wanted it to have a young energy, but with old-fashioned touches," she said.
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December 30, 2016

Gamma Real Estate files plans for 850-foot tower at long-stalled Sutton Place site

When Gamma Real Estate's $98 million bid won the debt-beleaguered site at 3 Sutton Place just a couple weeks ago at a bankruptcy auction, 6sqft noted that the firm could either re-sell, bring the original plan for a 900-foot condo tower by starchitect Norman Foster to fruition, take on a joint-venture partner, or move forward with a plan of its own. The Real Deal now tells us that Gamma filed plans with the Department of Buildings for an 844-foot, 67-story tower with 389 apartments. However, he says this is to "safeguard the property" while the firms weighs all the aforementioned options.
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New Developments

December 13, 2016

Gamma Real Estate’s $98M bid wins debt-ridden Sutton Place site at foreclosure auction

The debt-beleagured Sutton Place site that included plans for a 900-foot-tall luxury condo from starchitect Norman Foster has finally had its day at the auction, and the winning bidder was N. Richard Kalikow’s Gamma Real Estate, according to The Real Deal. A bankruptcy judge authorized the sale of the property at 3 Sutton Place in September, after Joseph Beninati's Bauhouse Group failed to pay back creditors and partners on the 262,000-square-foot development. Gamma controlled the entities that originally loaned Beninati $130 million, but as of today the developer outbid Brooklyn investor Isaac Hager, paying $86 million for the site and $12 million for additional air rights, far less than the predicted $187 million price tag.
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Uncategorized

November 28, 2016

Locals push for Sutton Place rezoning ahead of auction for site of planned 950-foot tower

Despite the fact that the site is headed to the auction block next month, local residents and elected officials are rallying to prevent the possible construction of a 950-foot condo tower on East 58th Street in tony Sutton Place. Curbed reports that the group, which includes Councilmen Ben Kallos and Dan Garodnick and Manhattan Borough President Gale Brewer, have submitted a plan to the City Planning Commission that proposes a height cap of 260 feet for the area bounded by East 52nd and East 59th streets east of First Avenue where there is currently no limit on how tall apartment towers can be.
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November 21, 2016

Site of planned Norman Foster-designed Sutton Place condo tower to be auctioned off next month

The 262,000-square-foot project that includes plans for a 900-foot-tall luxury condominium tower drawn up by British architect Sir Norman Foster of Foster + Partners that embattled developer Joseph Beninati had hoped to build in the heart of Sutton Place is set to be auctioned next month, according to Crains. As 6sqft previously reported, the sale of the property at 3 Sutton Place was authorized in September to pay back creditors and partners who were owed money from the derailed project, and a source has told Crain's that an auction is scheduled for December 13 with bids due by December 8.
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September 21, 2016

Debt-beleaguered site of Norman Foster’s 3 Sutton Place condo tower is cleared for sale

A US Bankruptcy Court judge has approved a plan to sell the 3 Sutton Place site at at 426-432 East 58th Street, one of the city's most luxurious old enclaves, reports the New York Post. Brokers have been selected to conduct the marketing of the 262,000-square-foot project that includes plans for a 900-foot-tall condominium tower drawn up by British architect Sir Norman Foster of Foster + Partners.
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September 1, 2016

Former Vanity Fair editor Tina Brown lists elegant Sutton Place triplex for $9.75M

By Diane Pham

As you would expect from a former editor of one of the world's most recognized lifestyle magazines, Tina Brown has for the last 20 years found refuge in a spectacular home in an equally spectacular building at 447 East 57th Street. But now the media mogul, who also served as an editor at The New Yorker and founded The Daily Beast, and her journalist husband Harold Evans, who himself boasts quite a resume having held top positions at the likes of U.S. News & World Report and The Atlantic, have listed their elegant Sutton Place abode for $9.75M. According to the listing, the triplex comes with five bedrooms, 5.5 baths and an incredible 19'x64' private walled-in garden. But what might be the most alluring feature of this maisonette is that it's more than once served as the backdrop for riveting conversations (and surely some heated arguments) with names like Bill Clinton, Tony Blair, Henry Kissinger and Angelina Jolie. As Brown so breezily told the Journal, “Yes, we love to entertain our friends, but there is always content to the evening, where we try to bring exposure for someone that has something incredible.”
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June 16, 2016

Marilyn Monroe’s Former Sutton Place Penthouse Is on the Market for $6.75M

The sprawling two-bedroom East Side penthouse that was once home to screen icon Marilyn Monroe and third husband Arthur Miller is for sale asking $6.75 million, the New York Post reports. This chic and elegant condo atop 444 East 57th Street, just off Sutton Place, was home to a star-studded list of 20th century residents, topped by the tempestuous Monroe and Miller when the latter was writing "The Misfits" (1961), the last play in which the troubled star would appear. The iconic pad definitely looks the part, with a recent total renovation within, postcard views of the 59th Street Bridge, East River and city skyline, and over 3,000 square feet of soiree-ready outdoor terrace space. Those same terraces have witnessed glittering parties that drew luminaries of the day from Cary Grant to the Duke and Duchess of Windsor; other celebrity residents included fashion designer Bill Blass, singer Bobby Short and Sweden's Princess Madeleine.
Elegant interiors and amazing views this way

December 8, 2015

Get a Look at the 900-Foot Views From Norman Foster’s Sutton Place Tower