35-Story Residential Tower at 368 Third Avenue Approaches Halfway Mark in Kips Bay
A lot of progress has been made on 368 Third Avenue in Kips Bay since YIMBY’s last visit in mid-June, when excavation was still ongoing for the 35-story mixed-use residential tower. Today, the reinforced concrete structure is approaching the halfway mark and is gaining increasing prominence over the surrounding neighborhood. The 388-foot-tall, 145,000-square-foot structure is located between East 26th Street and East 27th Street and is being designed by SLCE Architects. Minrav Development purchased the site from Continental Ventures and Itzhaki Acquisitions for $64 million. The development will yield 100 apartments, averaging around 1,110 square feet apiece.
