Naftali Group has secured a $236 million construction loan for 255 East 77th Street, a 36-story residential skyscraper on Manhattan’s Upper East Side. Provided by J.P. Morgan and Starwood Capital, the loan will will help complete the 500-foot-tall structure, which is currently in the excavation phase.
The 18th-tallest building on our year-end construction countdown is 255 East 77th Street, a 500-foot-tall residential skyscraper in the Lenox Hill section of Manhattan’s Upper East Side. Developed by Naftali Group with Hill West Architects as the architect of record, the 36-story structure will span 170,481 square feet and yield 62 condominium units, as well as 3,861 square feet of retail space, two cellar levels, and 33 enclosed parking spaces. 255 East 77th St Owner LP is listed as the owner and New Line Structures & Development is the general contractor for the project, which is alternately addressed as 1481 Second Avenue and located at the corner of Second Avenue and East 77th Street.
Demolition is complete at 255 East 77th Street, the site of a 36-story residential building in the Yorkville section of Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Naftali Group, the 475-foot-tall structure will yield 170,481 square feet with 55 units, as well as 3,861 square feet of retail space, two cellar levels, and 33 enclosed parking spaces. Alba Services is the general contractor for the property, which is alternately addressed as 1481 Second Avenue and located at the corner of Second Avenue and East 77th Street.
Kicking off our annual end-of-year countdown of the 31 tallest projects underway in New York is 255 East 77th Street, a forthcoming 36-story residential tower on Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Naftali Group, the 475-foot-tall structure will yield 170,481 square feet with 55 units, as well as 3,861 square feet of retail space, two cellar levels, and 33 enclosed parking spaces. Alba Services is the general contractor for the property, which is alternately addressed as 1481 Second Avenue and located at the corner of Second Avenue and East 77th Street.
Permits have been filed for a 36-story mixed-use building at 255 East 77th Street on the Upper East Side of Manhattan. Located near the intersection of East 77th Street and Second Avenue, the lot is near the 72nd Street subway station, serviced by the Q train. Naftali Group is listed as the owner behind the applications.