Two years ago, developer Adam Gordon announced he had partnered with EMS Capital to convert an 11-story storage building at 305 East 61st Street on the Upper East Side into a high-end art storage facility. Those plans never materialized, and now the owners have filed plans for a more typical residential conversion.
Upper East Side
A year ago, the New York Post reported that Icon Realty had begun demolishing several tenements on Second Avenue between East 80th and 81st streets. Now, the developer has filed new building applications for a 30-story tower on the corner site, which will be known as 301 East 80th Street.
Midtown East-based real estate law firm Rosenberg & Estis has filed applications for a six-story, single-family townhouse at 162 East 83rd Street, on the Upper East Side. The mansion will boast 8,181 square feet of residential space, although up to 9,040 square feet is allowed. NoMad-based Deborah Berke & Partners is the architect of record. The 19-foot-wide, 2,235-square-foot property is currently occupied by a five-story, two-duplex-unit residential building. Demolition permits haven’t been filed. The property traded for $7.3 million back in July of 2015. The previous owners were asking $9.75 million for the building, according to an old advertisement by Massey Knakal.
After entering into contract nearly a year ago, Extell Development has closed on the purchase of the single-story, 128,250-square-foot Gristedes grocery store at 350 East 86th Street, on the Upper East Side, for $93 million. The acquisition was funded with a $55 million mortgage, Commercial Observer reported. The developer also owns the neighboring four- and five-story tenement buildings at 1645-1651 First Avenue. Combined with the new acquisition, the 20,650-square-foot assemblage now supports 206,500 square feet of new mixed-use development up to 210 feet above street level. The developer is apparently planning a 20-story, 200-plus-unit condominium project at the site, although there aren’t many details on it. Demolition permits haven’t been filed for any of the Extell-owned properties, but Gristedes is expected to vacate the premises later this year.
In 2006, a doctor involved in a bitter divorce destroyed his four-story townhouse on the Upper East Side. The explosion also killed the doctor, earning him the nickname “Dr. Boom.” Now, there is a new approved proposal for what will fill the vacant lot.