Tag: Cotswold Court

Apartments
05/09/13 4:30pm

The Confusing Continuing Story of the Gramercy Place Apartments

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Demolitions, Museum District, Proposed Developments
9 Comments

There sure have been some conflicting reports coming in lately about Gramercy Place. Since the old apartments on the 200 block of Portland St. behind the Museum Tower were sold last month to an LLC controlled by Hungry’s Cafe and Bistro owner Fred Sharifi, we first heard that they’d be torn down and replaced by 2 midrise residential towers. Around that same time, it seems, a real estate agent was sending a letter to Gramercy Place tenants claiming something similar and offering to help everyone find a new place to live.

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Apartments
04/25/13 11:45am

No Plans to Redevelop Gramercy Place Apartments, Says New Owner

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Buying and Selling, Museum District, Proposed Developments, Quicklink
3 Comments

NO PLANS TO REDEVELOP GRAMERCY PLACE APARTMENTS, SAYS NEW OWNER Here’s what Fred Sharifi, the new owner of the Gramercy Place apartments on Portland St., has to say about those rumors that the old apartments will be torn down and replaced by something as tall as the Museum Tower on Montrose that they sit behind: “[T]here will be no midrise built,” Sharifi’s property manager writes in an email, “and he has no plans at this time to redevelop the property. If he does eventually build on the property it will be town homes . . . .” [Swamplot inbox; previously on Swamplot] Photo: Swamplot inbox

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Apartments
04/24/13 12:00pm

Tenant: Gramercy Place Apartments To Remain Rental Units

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Museum District, Proposed Developments, Quicklink
4 Comments

TENANT: GRAMERCY PLACE APARTMENTS TO REMAIN RENTAL UNITS An update: Though the other rumor suggests that the Gramercy Place apartments behind the Museum Tower on Montrose Blvd. will be torn down and replaced by 2 residential midrises, a tenant there reports that the new owners of the 5 buildings on the 200 block of Portland St. have seemed “adamant” that the 31 apartments will remain as rental units and have said they intend “to respect” their “historical quality.” [Previously on Swamplot] Photo: Swamplot inbox Update, 2:15 p.m.: The owners confirm what the tenant had heard. Read more here.

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Apartments
04/22/13 3:00pm

A Pair of Backups To Fill In Behind the Museum Tower?

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Buying and Selling, Museum District, Proposed Developments, Real Estate Investing
18 Comments

Note: Read an update to this story here.

What’s left of the Gramercy Place apartments on the 200 block of Portland St. were sold this month. A few of the apartment buildings, which date to 1935, were torn down before being replaced in 2002 by the Museum Tower on Montrose. Now, the seller’s agent says that the remaining 5 buildings and 31 units that records show have been owned for the past 15 years by an entity controlled by Rebecca Parsons were closed on two weeks ago.

And the buyer? The seller’s agent wouldn’t say. But a Swamplot reader with knowledge of the transaction shares a document and some rumors that suggest the buyer is an LLC presided over by Hungry’s Cafe and Bistro owner Fred Sharifi. And the document states an intent to smash the rest of the apartments and put up “residential rental midrise buildings.”

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