Permits have been filed for a 20-story mixed-use building at 1230 Madison Avenue, on the Upper East Side of Manhattan. The site is ideally located for culturally engaged residents, as it is on the same block as the Guggenheim Museum, and just six blocks away from the Metropolitan Museum of Art. Six blocks away is the 86th Street subway station, serviced by the 4, 5, and 6 trains. Real Estate Equities Corporation (R.E.E.C.) is behind the applications.
The 208-foot tall structure will yield 64,040 square feet within, with 3,840 square feet dedicated to commercial use, and 51,900 square feet for residential use. 15 apartments will be created, averaging 3,460 square feet apiece, indicating higher-end condominiums. One terrace will be included on the top floor, with the eighteenth to twentieth floors being mechanical floors. Tenants will have access to a gym, event room, bicycle storage, and terraces on the second, thirteenth, fifteenth and seventeenth floors.
SLCE Architects are listed as the architect of record.
Demolition permits were filed in January 2018. The estimated completion date has not been announced.