Premier Equities and Thor Equities are partnering to develop a 31-story, 100,000-square-foot residential tower at 1297-1299 Third Avenue, located between East 74th and 75th streets on the Upper East Side.
1297 Third Avenue
Premier Equities is placing on the market an assemblage of five tenement buildings along Third Avenue, between East 74th Street and 75th streets, on the Upper East Side. According to Crain’s, the five-story tenements at 1291-1297 Third Avenue (the corner property also uses the address 201 East 74th Street) and another undisclosed four-story building on 75th Street are being advertised to developers. There’s roughly 115,000 square feet of development potential at the site, although a developer would most likely demolish two of the tenement buildings for a 95,000 square-foot residential tower, according to Meridian Investment Sales, the brokerage firm tasked to sell the properties. The assemblage doesn’t come with an asking price.