Below-grade work is rapidly progressing at 1122 Madison Avenue, the site of an 18-story residential building on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Legion Investment Group and Nahla Capital, the 210-foot-tall structure will span 86,000 square feet and yield 22 condominium units with an average scope of 3,500 square feet. The property is alternately addressed as 22 East 84th Street and located at the corner of Madison Avenue and East 84th Street.
Substantial progress has occurred since our last update in November when earthwork had just gotten underway. A large construction crew is currently working across the site, assembling formwork, bundling rebar, and pouring concrete for the new foundation walls and inner columns. YIMBY expects construction to reach street level before the end of spring.
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
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
No finalized renderings have been revealed for 1122 Madison Avenue apart from the below axonometric diagram posted to the construction board. The diagram shows the building rising with a uniform stack of rectangular floor plates with a shallow cutout up the main eastern elevation. This cut will continue above the 11th-story setback, alongside a series of stepped tiers leading up to the multifaceted bulkhead.
Photo by Michael Young
The developer secured the final parcel of the assemblage earlier this year for $22 million, bringing its total investment to $95 million for all five properties since acquisition began in 2019. The purchases include 20,000 square feet of air rights from the abutting 20 East 84th Street, which will give residents of the upper levels protected views of Central Park. Ancora served as the demolition engineer of record, who was tasked with clearing out the original buildings, as well as the geotech and Support of Excavation (SOE) engineer of record. WSP is structural engineer of record.
The nearest subways from the development are the 4, 5, and 6 trains at the 86th Street station to the east along Lexington Avenue.
1122 Madison Avenue’s anticipated completion date is slated for December 31, 2026, as noted on site.
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Great photos by Michael Young, makes even the rebar look interesting..
That is crazy – $4.3 million per condo in land acquisition costs?! Add in construction, debt service, and closing costs, and even the cheapest studio condo here could easily be $10 million+
Expect 3-5 bedroom apartments, not studios. Nonetheless your point is valid. These units will need to be very pricey in order for the project to be profitable.
Wouldn’t be surprised by the price point per unit, given the desirable location on the Upper East Side on Madison Avenue
It actually works out to $1250 per square foot for condos that will sell for probably close to $4000. Leaving plenty of room for profit after the building costs.
only RAMSA can command 4k/sqft in this neighborhood.
I always liked the brick and terra cotta townhouses in the background of the first image. The northern half of this row was sadly demolished as it fell outside the landmark district. For many years, a great curiosity there was a tree growing through the grating of a sidewalk window well.
Nice progress shots and can’t wait for them to unveil renderings of the building!
I’m super ok with this. The building that was there before was awful
All I know is that business that BEEN in business for years, rent better not go up because of this new construction !! The herb shop right across the street is the BEST IN THIS LOCATION AND YALL BETTER NOT F WITH THEM !!