Last week, the Commercial Observer profiled one of Gramercy’s latest new development sites, 327 East 22nd Street. Slated to house a 10-unit condominium, Suzuki Capital recently purchased the building for $11.5 million, with plans to rebuild the existing space now that permits have been filed. With CORE’s Tom Postilio, Mickey Conlon and Natalie Rakowski set to head the sales efforts for the project, 327 East 22nd Street was once home to the neighborhood’s 21st Precinct police station.