Premier Equities is placing on the market an assemblage of five tenement buildings along Third Avenue, between East 74th Street and 75th streets, on the Upper East Side. According to Crain’s, the five-story tenements at 1291-1297 Third Avenue (the corner property also uses the address 201 East 74th Street) and another undisclosed four-story building on 75th Street are being advertised to developers. There’s roughly 115,000 square feet of development potential at the site, although a developer would most likely demolish two of the tenement buildings for a 95,000 square-foot residential tower, according to Meridian Investment Sales, the brokerage firm tasked to sell the properties. The assemblage doesn’t come with an asking price.
Upper East Side
In July of 2015, Russian billionaire Roman Abramovich closed on the purchase of the five-story townhouse at 13 East 75th Street, on the Upper East Side, for $30 million, completing an assemblage which includes the multi-family building at 11 East 75th Street and the townhouse at 15 East 75th Street. So far, Abramovich has spent a total $78 million acquiring the three properties, and within the last few months, filed applications to combine them into an 18,225-square-foot mansion. The New York Post now reports the applications were, unsurprisingly, disapproved. Combining the buildings would be complex since the structures have uneven floor plates and the Landmarks Preservation Commission would have to approve the project, as it’s located within the Upper East Side Historic District. Stephen Wang + Associates was serving as the architect of record.
In January, YIMBY brought you construction shots of New York-Presbyterian Hospital’s new 17-story, 733,500-square-foot David H. Koch Center at 445 East 68th Street, on the Upper East Side. At the time, the structure was roughly 14 stories up. Now, DNAinfo reports the project has topped out. The new building also has an address at 1283-1299 York Avenue, and it will serve as an multi-specialist outpatient center and a maternity ward. The maternity ward is being dubbed the Alexandra & Steven Cohen Hospital for Women and Newborns, and will span floors 12 through 17. Amenities will include dining rooms, conference centers, staff lounges, and a 128-car parking garage. The building, designed by HOK, is expected to open in 2018.
In June of 2015, YIMBY reported that the Landmarks Preservation Commission – after several contentious sessions – approved redevelopment plans for the 12-story, five-unit residential building at 807 Park Avenue, between East 74th and 75th streets, on the Upper East Side. The 18,972-square-foot project includes rebuilding the existing structure but keeping intact the remnant of the original building’s façade on floors two through five. The current building consists of a 12-story, three-unit rental property, although the site is now being placed on the market for north of $30 million by its owner, Aion Partners, the New York Post reports. The approved redevelopment plans, designed by PBDW Architects and Higgins Quasebarth & Partners, include a triplex unit across the ground through third floors, three duplex units across the next six floors, and a triplex unit on the 10th through 13th floors.
Until now, the residential supertall boom has been focused on the core of Midtown, with One57, 432 Park, 217 West 57th Street, and 111 West 57th Street all rising in the blocks between Eighth and Park avenue. Now, we have fresh renderings for Kohn Pedersen Fox’s entry into a design contest for 151 East 60th Street, which would rise on the corner of Lexington Avenue and East 60th Street, stretching Midtown’s new skyscraper crown a few blocks northeast of its current local maxima.