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Parkchester

Parkchester

History

In July 1938, Metropolitan Life Insurance announced that it would immediately commence construction of “a self-contained … apartment community” that would include commercial and recreational facilities, 66 acres of open landscaped space, as well as a central heating plant and 51 building clusters, comprising 171 building entrances.  The entire complex would cover 129 acres, only 27% of which would be built on. Richmond H. Shreve, whose firm had designed the Empire State Building, created the plans for the complex

In the area of the complex nearest Hugh Grant Circle  the developers created a shopping center of over 500,000 square feet, largely integrated into the residential structures, but also including the first branch of Macy’s outside the flagship at Herald Square.

Parkchester Timeline

1938
1940
1941
1943
1968
1972
1986
1998
1999
2000
2005
2008
2010
2015
MetLife Acquires the Site

MetLife Acquires the Site

Metropolitan Life Insurance Company acquired a 129-acre site from the New York Catholic Protectory (combination orphanage and reformatory) for the purposes of developing the Parkchester residential complex. Construction on the development commenced during the same year.