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NEW YORK CITY-The luxury condo project at 340 E. 23rd St. dubbed the Gramercy, has been unveiled by Gerner Kronick + Valcarcel Architects PC. The 207-unit condo will rise 21 stories and total roughly 200,000 sf, according to GKV Architects principal Randy Gerner.

“GKV designed Gramercy to marry the clean lines of a contemporary glass and steel façade with the grace of a New York pre-war building,” says Gerner. “The result is an innovative and light-filled luxury building for Victor Homes that will set a new standard for residential development in the Gramercy area.”

Construction on the project began about nine months ago and is slated to complete before the end of the year, with the first residents moving in just before that. Gerner declined to release the total construction cost saying only that is was ‘expensive.’ Gramercy will contain 54 studio condos, 89 one bedrooms, 41 two bedrooms and 23 three bedrooms.

Amenities of the glass and concrete building include step out terraces, balconies and a roof garden. In the base of the building there is a 12,000-sf retail space that Gerner says has yet to find a tenant. Victor Homes is constructing the project, with Yoo by Stark designing the interiors and GKV Architects the exterior.

The sales office will open next month, and Gerner tells GlobeSt.com that the units will sell between $600,000 and $1.6 million. “The target demographic is going to be Lower Eastsiders and Alphabet City folks who are growing up,” he says.

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