Real Estate Weekly
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Corinthian stamps its cachet on condo offering

A building in transition, the Corinthian has stood guard over Murray Hill since the late 1980s.
The grandeur of its entrance way — complete with an impressive water fountain and a palatial lobby — unfolds into an 800-plus unit community whose residents run the gamut from young families to senior citizens, all living together in harmony.

Last year, Gaia Real Estate purchased a block of 144 units in the building, which they are now reselling following common area upgrades and a $3 million program to create a full floor amenity space.
They retained designer Andres Escobar to remodel a number of the units, although they can be purchased as renovated or unrenovated spaces, with prices ranging from $925,000 to $4.7 million, for studios to four bedroom homes.

Park River Properties is the exclusive sales and marketing agent for what Gaia has dubbed The Corinthian Collection.

The building is amenity rich, offers stellar views of the East River and the Lower East Side and has balconies in most of its units.

Some of the condos in the property may be outdated, but as a whole, the entire Corinthian community is aggressively moving forward into the future.

“With its unique shape, The Corinthian offers 180 degree views from every apartment, and with brand new amenities and hallway upgrades, Escobar has created attainable luxury living, surrounded by some of the city’s most distinguished landmarks in the heart of Murray Hill,” said Danny Fishman, managing partner, Gaia Real Estate.

“It’s as if the Corinthian Collection is a new development within a larger standing structure, with residents having access to the newly upgraded amenities and common areas.”

The condos in the building that are currently vacant and not a part of the Escobar Collection remain unchanged from their original layout.

The nearly 30-year old designs include tiny, walled-off kitchens and lack of flow between rooms. But the Corinthian embraces that and seeks out buyers who are willing to come in and make the space their own.

Andres Escobar has redesigned a number of the condos to accommodate demands of today's buyers. Prices rang from $925,000 to $4.7 million, for studios to four bedroom homes.

“One of the challenges was to work with the building’s existing architecturally rounded and organic forms, while integrating design elements that blended with these shapes,” said Escobar while discussing how he formatted his block of units along the guidelines that come with an already existing structure.
“The idea was to create spaces that are as timeless as The Corinthian, but transitional enough to transcend today’s real estate market.”

Escobar’s design combines tone on tone metallics, reflective finishes and soft hued colors. Rich textures with luxurious undertones add to the feeling of comfort. Updated appliances, radiant white kitchens, engineered wood floors, and luxurious materials and fixtures complete the modern, open feel.
Buyers don’t need to go Escobar’s route to make a unit their own, though.

A tour of the property revealed a yet-to-be purchased two- bedroom unit that still resembled it’s birth in the late 80s.

The residence failed to efficiently use space and, frankly, would not be move-in ready for a typical New York buyer. But it did wield a fantastic, curving window-wall that sloped alongside the living area. It offered residents an excellent view of the East River to accompany them while they enjoyed their sitting area.

A floor above this, a purchased counterpart which at one time was an identical condo has been transformed with an open kitchen and breakfast nook where the tiny and awkward dining room had once stood.

The bedrooms and bathrooms had each been updated to better accommodate the incoming family’s needs. And the brighter, more modern apartment now properly accented the breathtaking view and sizable living area.

But remodels are not the only positive changes coming to an already prime building.

“What makes The Corinthian truly special is the friendly, familiar staff, and bright amenity space offering resort-style living,” said Melissa Vance of Park River Properties, who is leading sales of The Corinthian Collection.

“The entire fourth floor acts as a hub and inspires a real sense of community within the building.”
The Corinthian’s full floor amenity level on the 4th floor includes a 17,000 s/f, naturally-lit space with glass-enclosed pool, state-of-the-art gym, golf simulator, children’s playroom and common area.
A $3 million renovation was completed on the amenity level in August 2014, during which a golf simulator, dance studio and an expanded fitness center were added to the space.

Outside, residents are privy to a quarter-mile jogging track and outdoor jungle gym. Downstairs, a four-story tall lobby is complete with an attentive staff.

The Corinthian Collection’s central location in Murray Hill places residents in the heart of a buzzing neighborhood, just steps from gourmet merchants, restaurants, and luxury shopping.

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