A few days ago, partial renderings of the new mixed-use development coming to 147-151 East 86th Street surfaced. The site abuts one of the most prominent corners of the Upper East Side in terms of pedestrian traffic, and fittingly, the existing structure will soon meet the wrecking ball for a new 21-story building with an address of 1289 Lexington Avenue, which YIMBY can now reveal.
Kuafu Properties, Stillman Development, and Ceruzzi Properties are developing the site, and HOK is designing the tower, which will total 223,000 square feet of space. 52,000 square feet of retail will span the first four floors, with a NY Sports Club set to occupy levels three and four. Above, the building will be divided between 65 condominiums.
Units will average over 2,800 square feet apiece, which is very large for New York City, but relatively normal for new condominium buildings on the Upper East Side.
The design almost seems to evoke Foster’s 550 West 21st Street, but the details between the two buildings are substantially different. 1289 Lexington Avenue looks to be clad primarily in a light shade of brick, and its windows will also feature two different shades of glass.
Along the lower levels, the windows will be set back slightly within the facade, and will be off-set at various angles. There will also be perforations for terraces and outdoor greenery. The combination of the two will add a sense of dynamism to the exterior — and vibrancy to the corner streetscape below — while also respecting and enhancing the urban street-wall, with an envelope flush against the sidewalk.
Per the Commercial Observer, completion of the project is expected in approximately 30 months, and demolition of the existing building will start next year. The project’s total price-tag will be $340 million.