The foundations are taking shape at 148 East 78th Street on the Upper East Side, where a 205-foot-tall residential building is set to rise. Located at the corner of East 78th Street and Lexington Avenue, the structure is designed by Ismael Leyva Architects and developed by Midwood Management Corp. Construction workers are currently forming the reinforced concrete perimeter walls for the condominium project, which will yield 26 residences averaging 2,600 square feet each.
Photos from the sidewalk show activity at the bottom of the rectangular site and the foundation walls going up. A new rendering for the project was also spotted on the construction fence.
The construction site. Photo by Michael Young
The rendering and completion date on the construction fence. Photo by Michael Young
The rendering reveals a classically inspired design with a masonry and stone façade, thick ornamental cornices, dark metal railings, stone balustrades, and a tiered upper half that leads to a tall, etched crown. The residential portion will occupy a total of 68,293 square feet, while 3,739 square feet of retail space will sit on the ground floor.
It is uncertain when the development will reach street level, but it could conceivably begin its vertical ascent by the end of the year. 148 East 78th Street is only one street to the north of the 77th Street subway station, serviced by the 6 train, and less than ten minutes to the east of Central Park. Completion of 148 East 78th Street is stated on the construction fence for spring 2021.
Completion of 148 East 78th Street is stated on the construction fence for spring 2021.
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The top looks to be more appropriate for a much taller building.
Not another ugly glass and metal building? This is really attractive.
Interesting, that’s a different look for Leyva.
So disgusting. In the midst of a housing crisis and we’re wasting space with 2,600 square foot apartments for the wealthy, like this.
It’s heartening to see RAMSA’s influence taking root. Know hope.
The architect of record is Leiva, Robert Stern is the design architect
According to new data from StreetEasy, more than 25 percent of new condos that have been built in New York City since 2013 remain unsold which means that in terms of units: of the 16,242 condos built since 2013, about 12,133 have sold. In turn that means more than 4,100 have not. Not exactly a validation of, if they build them,they will sell like hotcakes. More like eventually, hopefully. And how many that have sold have been to flippers who must now be getting desperate?
All were going to have are condo, apartments. Retail will be nearly gone. Said. All about and greed