The Corinthian
The Corinthian in September 2019
Map
General information
StatusCompleted
TypeMixed use, predominately apartment building
Location330 E 38th Street[1]
Manhattan, New York City
Coordinates40°44′47″N 73°58′21″W / 40.746485°N 73.972557°W / 40.746485; -73.972557
Construction started1985
Completed1988[1]
Opening1988
ManagementAKAM
Height
Roof186 m (610 ft)
Technical details
Floor count57
Floor area863 units
Lifts/elevators10
Design and construction
Architect(s)Der Scutt, Michael Schimenti
DeveloperBernard Spitzer
Structural engineerFischer & Redlien, P.C.
Other designersThomas Balsley Associates (landscape architect)
Main contractorKreisler Borg Florman

The Corinthian is a 57-story apartment building that was New York City's largest apartment building when it opened in 1988.

Background

The building is located on the former site of the East Side Airline Terminal, a passenger terminal for buses to LaGuardia and JFK airports via the adjacent Queens–Midtown Tunnel. The terminal closed in 1984 and was auctioned off by the Metropolitan Transportation Authority the following year. Initially expected to sell for $50 million, a bidding war drove up the price of the real estate to $90.6 million; the site was attractive to developers as it was already zoned to permit high-density use and there would be no occupants to relocate after the terminal's remaining leases expired in 1986. The winning bidder was a joint venture consisting of Bernard Spitzer, Peter L. Malkin, and two privately held corporations—International Energy Corporation and Kriti Exploration Inc.[2][3][4]

Design

The development team had originally planned to tear down the entire East Side Airline Terminal, but after discovering that it was very well constructed they decided to save a significant portion of the terminal and incorporate it as offices in the base of the structure, adding columns to support the new residential tower above. The remaining 35 percent of the terminal along First Avenue was demolished to create a landscaped plaza, fountain, and porte-cochère.[2][3][5]

The Corinthian features fluted towers with bay windows

The Corinthian was designed by Der Scutt, design architect, and Michael Schimenti.[1][6] Its fluted towers with bay windows are unusual compared to the traditional boxy shape of buildings in the city, and it bears a resemblance to Marina City and Lake Point Tower in Chicago. According to Bernard Spitzer, the building was named the Corinthian because "we think we have the contemporary version of the Corinthian column, the most lavish of the Greek columns."[5] The semicircular windows provide a 180-degree view from every apartment. Many of the apartments include private balconies, which are located between the fluted towers.[3][7]

At 1,100,000 square feet (100,000 m2) it is the largest project of Bernard Spitzer. It occupies a full city block between First Avenue and Tunnel Entrance Street and between East 37th and 38th Streets, and overlooks the Manhattan entrance to the Queens–Midtown Tunnel and St. Vartan Park. It has 863 apartments, 125,000 square feet (11,600 m2) of commercial space on the first through third floors, a 48,000-square-foot (4,500 m2) garage and setback roof deck.

At the residential entrance to the building facing First Avenue is a cascading, semicircular waterfall fountain and a 10-foot (3.0 m) high Aristides Demetrios bronze sculpture, "Peirene" named after the Fountain of Peirene in Corinth. Its lobby is 90 feet (27 m) long and 28 feet (8.5 m) high and includes a 7-foot (2.1 m) high bronze sculpture by Bill Barrett, "Step for Two" and a 15-foot (4.6 m) high wood relief by John A. Kapel called "Totem."[6][8]

A 26,920-square-foot (2,501 m2) public plaza with trees and benches is located on east side of the site adjacent to First Avenue.[9] The landscaped plaza was designed by Thomas Balsley Associates, the same firm that designed other nearby public spaces including the plaza for Manhattan Place, the East River Esplanade Park from East 36th to 38th streets, and renovations to St. Vartan Park.[6][10]

History

The Spitzer family sold off the building's parking garage in 2009 for $10.3 million and the office condominiums in 2011 for $31 million. The office units were later renovated to attract more high-end medical practices given its proximity to NYU Langone Medical Center.[11][12]

In 2013, Gaia Real Estate purchased the 50th floor of the building for $14.6 million from Pfizer, which had bought the floor before the building opened and used the 16,000 square feet (1,500 m2) layout consisting of 21 bedrooms and 25 bathrooms as a corporate executive suite for its nearby headquarters at Second Avenue and 42nd Street. The 50th floor was subsequently renovated and divided into separate apartments.[13] A year later, Gaia bought 144 more units in The Corinthian for $147 million, which were originally owned by the Spitzer family and had been rented out. These apartments were remarketed as The Corinthian Collection and sold in their original layout or as renovated units designed by Andres Escobar.[14][15][16]

References

  1. ^ a b c White, Norval & Willensky, Elliot (2000). AIA Guide to New York City (4th ed.). New York: Three Rivers Press. ISBN 978-0-8129-3107-5., pp. 219-220.
  2. ^ a b Berger, Joseph (February 14, 1985). "Airlines Terminal on East Side Sold for $90.6 Million". The New York Times. Sec. A, p. 1. Retrieved September 3, 2022.
  3. ^ a b c Oser, Alan S. (September 12, 1986). "About Real Estate; Zone Shift Spurs Housing on East Side". The New York Times. Sec. A, p. 24. Retrieved September 3, 2022.
  4. ^ Chan, Sewell (February 27, 2005). "For M.T.A., Land Sales Often Come With Tension". The New York Times. p. 36. Retrieved September 3, 2022.
  5. ^ a b Gutis, Philip S. (June 8, 1986). "Postings; New Departure". The New York Times. Sec. 8, p. 1. Retrieved September 3, 2022.
  6. ^ a b c Shaman, Diana (April 29, 1988). "About Real Estate; 2 Blocks of First Avenue Become a Neighborhood". The New York Times. Sec. B, p. 14. Retrieved September 11, 2021.
  7. ^ "The Corinthian Condo Highrise". The Corinthian Condominiums. Archived from the original on April 22, 2016.
  8. ^ Lyons, Richard D. (July 24, 1988). "New Look in Lobbies: Glitzy Eclectic". The New York Times. Sec. 10, p. 1. Retrieved September 11, 2021.
  9. ^ "330 East 38th Street - Corinthian". Privately Owned Public Space in New York City. Municipal Art Society. Retrieved February 10, 2024.
  10. ^ "East River Esplanade Park". Landscape Design. No. 15. March 1999. p. 91. Retrieved February 10, 2024.
  11. ^ Rubinstein, Dana (October 7, 2009). "Eliot Spitzer Personally Sells Murray Hill Garage for $10.28 M." Observer. Retrieved September 3, 2022.
  12. ^ "Spitzer family sells $31M medical condo". The Real Deal. July 8, 2011. Retrieved September 3, 2022.
  13. ^ Maurer, Mark (December 13, 2013). "Gaia pays $14.6M for Corinthian floor, plans condo conversion". The Real Deal. Retrieved September 3, 2022.
  14. ^ "Eliot Spitzer sells off 144 units for $147M to development firm". The Real Deal. May 15, 2014. Retrieved September 3, 2022.
  15. ^ "Corinthian stamps its cachet on condo offering". Real Estate Weekly. October 23, 2015. Retrieved September 3, 2022.
  16. ^ Clarke, Katherine (May 7, 2015). "Sprucing Up An Oldie: Apartments in one of Manhattan's most distinctive residential towers are getting a facelift". Daily News. New York. Archived from the original on September 4, 2022. Retrieved September 3, 2022.

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