The avenues in the Yorkville section of the Upper East Side have been the rare part of New York City that’s been generously zoned since the 1961 code went into effect, but the tangle of rent-stabilized tenants in remaining tenements have made redevelopment somewhat of a tough slog. But with rising home prices and the opening of the Second Avenue subway within sight, developers have gone the extra mile to buy out the old generation of renters, and we’ve seen a wave of new projects across the corridor in recent months.
We knew that Extell was assembling a side on Third Avenue between East 94th and 95th, but a permit filing this morning shows that they’ve also got a smaller project under development, at 1766 Second Avenue.
The Second Avenue project will be fairly small, taking the place of a single tenement at the corner of Second and East 92nd Street. It is planned to rise 11 stories and 100 feet into the air, and include 20 apartments spread over nearly 25,000 square feet of residential space, for an average unit size of 1,240 square feet, with two per floor from the second to the 11th floors (we’re guessing condos). Also included is 1,750 square feet of commercial space, divided into ground floor retail bays.
Curtis + Ginsberg Architects would be responsible for the design.
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