On the Upper East Side of Manhattan, at the intersection of 86th St and Lexington Avenue, construction on the 21-story residential tower at 151 East 86th Street is making major headway. Designed by HOK Architects and developed by Kuafu Properties, Stillman Development, and Ceruzzi Properties, the project will offer 61 condominiums ranging from two- to five-bedrooms.
147 East 86th Street
Back in 2015, YIMBY revealed the renderings for a new development coming to the corner of 86th Street and Lexington Avenue, with an official address of 147 East 86th Street. In February of 2016, building applications were filed for the site, and now, demolition is complete on the old Petco, paving the way for construction to begin on the project.
This past summer, YIMBY revealed renderings of the planned 18-story, 63-unit mixed-use building planned at 147 East 86th Street (a.k.a 1289 Lexington Avenue), on the Upper East Side. Now its developers – Ceruzzi Properties, Kuafu Properties, and Stillman Development – have filed applications with the Department of Buildings. The new building will span 229,751 square feet in total, and the cellar through the second floors will contain 26,718 square feet of commercial space. The NY Sports Club is expected to occupy two floors in the building. The third floor will contain residential amenity space, featuring lounge spaces, a children’s playroom, and a gym. The condominium units, ranging from two- to five-bedrooms and averaging 2,800 square feet apiece, will also begin on the third floor. Hellmuth, Obata + Kassabaum (HOK) is designing and completion is expected in 2018. Two existing low-rise commercial buildings must first be demolished. [The Real Deal]
Developer Louis Ceruzzi has already begun demolition work at his property at 520 Fifth Avenue. We now know that construction will begin before New Years on the 71-story Handel Architects-designed tower, courtesy of an interview Ceruzzi gave to the Commercial Observer. In the interview, he also gave an update on his development at 147 East 86th Street. He said there is much work to be done relating to the Second Avenue Subway project, but real work should start in March.
Partial renderings have surfaced for a 21-story building at 147-155 East 86th Street, on the Upper East Side. The site is being developed by Ceruzzi Properties, Stillman Development and Kuafu Properties. According to Commercial Observer, the 230,000 square-foot building will include 30,000 square feet of retail on the first two floors, another 24,000 square feet on the third and fourth floors for a New York Sports Club, and 50 condominiums on top.