New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

ARCHIVE ARTICLE

Facelift for a Central Park West Co-op

Celebrities say the best facelifts are the ones you don’t notice. Residents of 485 Central Park West, a 67-unit, seven-story cooperative overlooking the park at 109th Street, will soon learn whether the adage applies to aging buildings, too.

The 120-year-old co-op is deep into its largest capital improvement project ever, the $763,000 repair and restoration of its entire facade. After an architectural firm uncovered weather- and pollution-related damage to exterior walls, it warned that some flaws could threaten compliance with the Facade Inspection and Safety Program (FISP), which requires inspections and repairs to buildings over six stories every five years. But the suggested repair effort barely inched along.

“A lot of projects had sort of been kicked down the road,” recalls Gregg Mason, the newly elected board president.

Today, Mason, fellow new board members and a new management company are moving steadily toward the completion of the long-anticipated renovations, expected next fall. And just in time, since the Department of Buildings is tightening FISP enforcement following the death of a pedestrian from falling terra cotta near Times Square late last year.

While the co-op’s project is now on track, reaching the finish line may not be a walk in Central Park. The initial 2016 architect’s assessment was not fully approved by the previous board until 2017, then it stalled again while the board debated next steps. Last spring, a sidewalk shed finally went up, and brick and mortar repairs at the U-shaped building began. That left the sticky issue of installing historically accurate re-creations of the building’s distinctive terra-cotta flourishes and the turn-of-the-century cornice.

“The new cornice panels must have the same dimensions and profile as the original ones, so we’re doing a mock-up to stay as close as possible to the initial sample and color,” says Laura Blanco, part of the technical team at CTA Architects.
That takes time. Milder-than-expected weather has helped offset the painstaking process of duplicating the cornice, allowing work to continue through the winter. “And that just leaves the terra cotta,” Mason says.

Those ornaments, though, are still the biggest challenge. With only two companies capable of duplicating the late-19th-century designs found at all the corners and surrounding every window, backlogs can run up to six months.

Fortunately, the co-op board recently refinanced its mortgage at a significantly lower interest rate, freeing adequate capital to cover the restoration without a special assessment. The building was lucky in another way, too. “While it definitely looks like a landmark building,” says Blanco, “485 isn’t in a Historic Landmark District, so we have much more leeway with design and can take some liberties while making the walls look great.”

The co-op board and its professional team, including its management company, Charles H. Greenthal, are confident that the building’s revitalized and secure face will be ready by fall. “At the end,” says Mason, “the project will change the look very little.”
And that, as any celebrity will tell you, is the sign of a great facelift.

Subscriber Login


Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?