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.[4][5][6] 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.

[4][5][7] The residential tower was constructed on solid earth, avoiding a tube from the Queens–Midtown Tunnel that runs underneath the eastern portion of the site.

The fourth floor of The Corinthian—the former roof of the East Side Airline Terminal—serves as the building's amenity level and includes a health club and a setback roof terrace with a 50-foot-long (15 m) glass-enclosed swimming pool, sun deck, and one-quarter mile (0.40 km) outdoor jogging track.

[20] 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.

[17][21][22] A $3 million renovation to the building's amenity level on the fourth floor was completed in August 2014, which included the addition of a golf simulator, a dance studio, and an expansion of the fitness center.

"[25] In the 1996 book Der Scutt Retrospective, author Robert Metzger wrote that the semi-circular bay windows create "an unusual sculptural mass which heightens the visual drama of the building" and "The Corinthian is an enormous structure, and this sculptural effect diminishes the bulk visually.