Ceruzzi Properties


138 East 50th Street

Ceruzzi’s 138 East 50th Street Climbs Past 40th Floor On Way to 800-Foot Pinnacle, Midtown East

The blocks surrounding the intersection of 50th Street and Lexington Avenue contain some of the densest real estate in all of Manhattan. Nothing makes that more evident than the new skyscraper being developed by Ceruzzi Properties at 138 East 50th Street, which will eventually stand 800 feet to its rooftop. The latest photos from Tectonic show that the tower has now passed its 40th floor, yet it will still take another few months before it begins to become visible on the Midtown skyline.

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138 East 50th Street

Foundation Work Underway for 63-Story, 124-Unit Mixed-Use Tower at 138 East 50th Street, Midtown East

Excavation work is nearly complete and construction has started on the foundation of the planned 63-story, 124-unit mixed-use building at 138 East 50th Street, in Midtown East. The latest photo was captured by YIMBY Forums user ILNY/NY Construction Photography. The most recent building permits indicate the project will rise 803 feet above street level and measure 253,222 square feet. There will be 4,588 square feet of retail space across the cellar and ground floors. The residential units, condominiums, should average 1,706 square feet apiece. The number of units listed on permits, 124, is up quite a bit from what YIMBY reported a year ago, 91, when renderings were revealed. Ceruzzi Properties is the developer and Pelli Clarke Pelli Architects is the design architect. SLCE Architects is the architect of record. Completion in 2018 is probable.


1289 Lexington Avenue

Developers File For 18-Story, 63-Unit Mixed-Use Building At 147 East 86th Street, Upper East Side

This past summer, YIMBY revealed renderings of the planned 18-story, 63-unit mixed-use building planned at 147 East 86th Street (a.k.a 1289 Lexington Avenue), on the Upper East Side. Now its developers – Ceruzzi Properties, Kuafu Properties, and Stillman Development – have filed applications with the Department of Buildings. The new building will span 229,751 square feet in total, and the cellar through the second floors will contain 26,718 square feet of commercial space. The NY Sports Club is expected to occupy two floors in the building. The third floor will contain residential amenity space, featuring lounge spaces, a children’s playroom, and a gym. The condominium units, ranging from two- to five-bedrooms and averaging 2,800 square feet apiece, will also begin on the third floor. Hellmuth, Obata + Kassabaum (HOK) is designing and completion is expected in 2018. Two existing low-rise commercial buildings must first be demolished. [The Real Deal]


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