Demolition work is moving along at 1448 Third Avenue, the site of an upcoming 39-story residential tower in the Yorkville section of Manhattan’s Upper East Side. Designed by CetraRuddy Architecture and developed by Douglaston Development under the 170 E 83 Owner, LLC, the 478-foot-tall structure will span 287,632 square feet and yield 125 units with an average scope of 1,804 square feet, as well as 40,864 square feet of commercial space and 21,224 square feet of community facility space. There will also be a cellar level and a 20-foot-long rear yard. Levine Builders is the general contractor for the property, which is alternately addressed as 170 East 83rd Street and bound by Third Avenue to the east, East 82nd Street to the south, and East 83rd Street to the north. Only the southern half of the building will be demolished.
Recent photographs show the southern half of the low-rise brick-clad structure covered with black netting and metal scaffolding. The interiors have already been emptied out and gutting is continuing. A pair of staircases are attached to the eastern elevation of the building, and YIMBY predicts to see the outside walls razed floor by floor over the next several weeks.
Below is a Google Street View image of the occupant of the plot before demolition commenced.
Residential amenities will include a swimming pool, a yoga studio, and bicycle parking.
The nearest subway from the development is the Q train at the 86th Street station at the corner of Second Avenue and East 83rd Street.
A construction timeline and renderings for 1448 Third Avenue have yet to be released.
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This building seems to date from the late 1950s-early 1960s. I am amazed they were able to empty it of tenants.
..and where did all these tenants go? Did they get any help?
The Patch article indicates they divided the lot in half and are only demolishing the south half of the building with 40 vacant units while keeping ~50 existing apartments and then adding 75 new apartments.
I didn’t know it was possible to demolish only half of a building
It sucks that so many tenants will be displaced, but at least this will be a visual upgrade most likely (unlike when prewar buildings are demolished).
if they didn’t own the bldg, what’s so sad about moving to another place?
You think there’s nothing sad about being forced out of your own home?
It’s not your “home” unless you own it. Rental tenants are guests on someone else’s property.
It’s 39 stories tall so maybe that’s the motivation, to create competition in the real estate market: Thanks.
Just think more affordable housing eliminated and more $2.5
Million dollar one bedrooms.
It might not be for you, but creating more housing helps lower the overall cost of housing. Very simply, the people who buy those $2.5M one bedrooms move OUT of other apartments, making them available for other people to move IN.
As long as the overall supply of apartments grows, that helps reduce the overall cost of housing (all other factors being equal).
It’s the law of supply and demand. For any given level of demand for housing, more supply reduces prices.
YOU might not want or be able to afford a $2.5M one bedroom, but someone who does want it will free up housing at lower price points.