What's happening in your backyard? YIMBY News delivers the day's top five new development stories to your inbox every weekday morning.

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What's happening in your backyard? YIMBY News delivers the day's top five new development stories to your inbox every weekday morning.

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Upper East Side



501 East 74th Street

Exterior Construction Wraps Up on 20-Story, 82-Unit Rental Building At 501 East 74th Street, Upper East Side

Last summer, YIMBY revealed renderings for Benjamin Ohebshalom’s planned 20-story, 82-unit rental building at 501 East 74th Street, on the Upper East Side, and then YIMBY reported the structure’s topping out last February. Now, per DNAinfo, the façade is being installed, and move-ins are expected this November. The building is being dubbed The Rose Modern, and leasing is expected to kick off next month. The Stephen B. Jacobs Group is the project’s architect.


34 East 62nd Street

Developer Acquires Vacant Property At 34 East 62nd Street, Upper East Side

Rye, NY-based Woodbine Company has purchased the development site at 34 East 62nd Street, on the Upper East Side, for $11.9 million from Russian developer Janna Bullock. Back in 2007, she filed permits for a five-story townhouse, but plans stalled out. The vacant property has 8,000 square feet of development rights, but can be expanded by 6,000 square feet with the purchase of additional air rights. No new building applications have been filed.


350 East 86th Street

Extell To Expand Assemblage With 350 East 86th Street Purchase, Upper East Side

Extell Development is in contract to purchase the single-story grocery store at 350 East 86th Street, on the Upper East Side, for $100 million, Crain’s reports. The developer also owns neighboring sites, and can build a 20-story, 230,000 square-foot condominium building, with 200 units and retail space. The acquisition is expected to close next year, also when Gristedes’ lease expires. Extell’s plans have yet to be disclosed, and assemblage could be expanded with further acquisitions.


316 East 81st Street

Six-Story, Six-Unit Residential Building Filed At 316 East 81st Street, Upper East Side

The head of the Midtown-based law firm King & Spalding has filed applications for a six-story, six-unit residential building at 316 East 81st Street, on the Upper East Side, in Yorkville. The building will measure 11,660 square feet in total, and units will likely be condominiums, averaging 1,943 square feet apiece. Issac & Stern is designing, and an old three-story townhouse must first be demolished; the building was purchased in 2012 for $3.2 million.