Construction is rising on 1299 Third Avenue, a 33-story residential tower on Manhattan’s Upper East Side. Designed by SLCE Architects and developed by Elad Group, which purchased the plot for $61 million in April 2022, the 420-foot-tall structure will yield 47 condominium units. Press Builders is the general contractor for the property, which is located between East 74th and East 75th Streets.
Excavation was still ongoing at the time of our last update in early November. Since then, the foundations were constructed to street level and the reinforced concrete superstructure is now approaching the top of the multi-story podium. From here, the building will step back from street level and rise uninterrupted to a singular setback just below the parapet. The tower incorporates a prominent cantilever on its southern profile that extends the massing over the roof of the neighboring structure. Construction will likely slow down as crews form this critical transition point between the podium and tower.
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
The main rendering shows the building clad in white stone paneling framing floor-to-ceiling windows with earth-toned spandrels. A small terrace sits atop the podium, followed by stacks of Juliet balconies with ornamental metal railings on either side of the main western elevation. The upper setback appears to be topped with another level of outdoor terraces. The building will have an additional entrance along East 74th Street and a five-story, 60-foot-tall wing branching out toward East 75th Street with an alternate address of 204 East 75th Street. A list of residential amenities has yet to be announced.
1299 Third Avenue’s completion date is set for the summer of 2025, as noted on site.
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Is there a rule that says the building being cantilevered over needs to be the worst one on the block cementing its ugly presence for years to come? 9 times out of 10 it seems like a new cantilevered building is floating over just a total hideous wreck begging to be redeveloped anyway.
My guess is the building under the cantilever has rent-controlled tenants so the building’s owners took what they could get for the air rights.
I was thinking the same. In an ideal world the project would simply offer new units to those rent-controlled tenants so a larger parcel could be assembled. Tenants get far better units at the same price and more units overall could get built.
Jim, technically all buildings built before 1970 with 6+ units should be rent stabilized. But many landlords flout the law and NYC officials obviously don’t care. My landlord is honest, and I got lucky. Always pay for brokers to find you a rent stabilized apartment, it will be more than worth it.
Best advice ever given on YIMBY!
Let’s see…
This “air rights” cantilevered tower has 47 units, and the “432 Park wanna-be” from yesterday has 41 units… so am assuming the combined total of 88 units is going to help provide much needed “affordable housing” to NYC?!
🤔🤣😂🤣
5 families are waiting to move in with you so the crisis will be averted.
These comments are so boring. Maybe they are three bedroom apartments for
families of 4? Maybe they should all be 100 story buildings with hundreds of
apartments and one elevator for the sliver?
A billionaire who buys one of these apartments in an ugly building on 5th avenue or 57th street is not buying that same apartment from the existing housing stock on the Upper East Side.
I need to go into the details and I can’t leave it, with photos show how crews managed to residential tower. I thought distantly white stone paneling and earth-toned spandrels are beautiful, where so latest I had attracted what was going on with design: Thanks to Michael Young.
what- ever?!? why? who? when?
Not another cantilevered building. It is such an ugly trend. The building going up is a nice design but the way it hangs over the smaller vintage building just looks awkward. Are any neighborhoods in the city restricting the building of cantilevered buildings?
More tax shelters for the seriously dull and corrupt.
No more cantilevers
It’s called “Cantilever Fever”, and it’s almost as bad as the “Boogie Fever”! I think it’s going around, and around!
PRICELESS!!!
The whole front entrance debacle seems to have won its fight despite many folks arguing the illegality of the shortness of the front entrance. But as always no matter how much the neighborhood wants to do what is best for it, the devs always seem to get their way.
I would certainly hope so. Can you imagine if local NIMBYs were 100% in control of city housing policy? Absolutely nothing would ever get built. Even now, NIMBYs have so much power that barely anything gets built. NYC has built less housing in the last 40 years than it built in 2-3 years in the 1920’s.
NYC needs to massively upzone UES avenues. These new towers should all be twice the height, especially now with a second subway line. The city desperately needs far more housing stock.