CW Realty is planning to develop a 33-story condominium tower at 1361-1363 First Avenue, located on the corner of East 73rd Street on the Upper East Side. The project is expected to measure roughly 120,000 square feet and is being designed by HTO Architects, the New York Post reported. The number of planned apartments wasn’t disclosed, and it’s unclear whether there will be commercial space included. The new building will cantilever over the adjacent four-story tenement at 1365 First Avenue. CW Realty acquired the four-story mixed-use building at 1361 First Avenue earlier this year for $9.4 million and is in contract to purchase the four-story tenement at 1363 First Avenue. The latter sale is expected to close next year, and existing commercial and residential tenants in both properties are already in the process of relocating. The developer will also transfer air rights to the assemblage from other properties on the block. Demolition permits haven’t yet been filed.
Upper East Side
In April, developer Matthew Adell shelled out $28 million for an odd-looking, five-story townhouse at 27 East 79th Street on the Upper East Side. Now, he plans to build a 15-story condo building on the property, which is three doors down from former Mayor Michael Bloomberg’s mansion at 17 East 29th Street.
Last week, the New York City Housing Authority (NYCHA) and the Department of Housing Preservation & Development (HPD) launched a request for proposals (RFP) for a development team to build a 300-mixed-income-unit, mixed-use tower on the grounds of the Holmes Towers public housing complex, at 1780 First Avenue in the Yorkville section of the Upper East Side. Holmes Towers – the only public housing on the UES – is the two-building, 25-story complex with 540 rental apartments located on the corner of First Avenue. Requirements for the RFP include incorporating at least 5,000 square feet of space for a community center, replacing the playground that the new tower will be built on (which is located mid-block), and adding trees and landscaping to the property, DNAinfo reported. The new tower will likely designate 50 percent of its apartments as affordable housing, while the rest will rent at market rates. Proposals are due September 30, the same time proposals are due for the 500-mixed-income-unit addition to the Wychoff Gardens housing complex in Boerum Hill, Brooklyn.
A Citibank on a tony stretch of Madison Avenue on the Upper East Side is going to grow six stories and get a handful of apartments. Alteration plans were filed earlier this week to expand the two-story commercial building at 1042 Madison Avenue, between 79th and 80th streets.
Rockefeller University’s Stavros Niarchos Foundation-David Rockefeller River Campus expansion is now being constructed above the FDR Drive between East 64th and 68th streets, at 1228 York Avenue on the Upper East Side. The expansion consists of a two-story academic building and two acres of green space, according to the New York Times. The new building, called the Marie-Josée and Henry R. Kravis Research Building, will encompass 152,641 square feet. It will feature laboratories, two amphitheaters, offices, conference rooms, a dining area, and outdoor terraces. The new structure will connect to the university’s existing buildings. Rafael Viñoly Architects is behind the design. Construction is being accomplished with the Chesapeake 1000, which is the “largest marine crane based on the East Coast.” Completion is expected in 2019.