Plans are moving forward for a 16-story residential development at 151 East 78th Street. The site comprises two townhouses — bought back in 2012 — as well as the former Ackerman Institute, which spans 149-151 East 78th Street. Renderings appeared late last year, and permits for the new building indicate the developer is Spruce Capital, while the architect is the highly-acclaimed Peter Pennoyer.
The first images paint a classically-inspired picture, and though the glimpse is limited, the structure will be clad in traditional brick and limestone, blending seamlessly with its Upper East Side surroundings. Though the development will be visually similar to existing neighborhood buildings, its prices will likely be far higher, given the spacious layouts and state-of-the-art finishes.
Besides the enhancement of the street-wall, the facade’s aesthetics appear to be stand-out, and should guarantee that units fetch top-dollar. Plans for 151 East 78th Street include fourteen units in total; all residences will be full-floor or larger, including a maisonette and three penthouses.
Permits indicate the project will total just over 58,000 square feet; that translates into an average of approximately 4,000 square feet per unit. 151 East 78th Street is clearly aiming for super-luxury status, which is warranted by the location, and its ambitions will be assisted by the design. No completion date has been announced, but demolition of the existing structures is underway, and sales are about to begin.
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