A few days ago, partial renderings of the new mixed-use development coming to 147-151 East 86th Street surfaced. The site abuts one of the most prominent corners of the Upper East Side in terms of pedestrian traffic, and fittingly, the existing structure will soon meet the wrecking ball for a new 21-story building with an address of 1289 Lexington Avenue, which YIMBY can now reveal.
Partial renderings have surfaced for a 21-story building at 147-155 East 86th Street, on the Upper East Side. The site is being developed by Ceruzzi Properties, Stillman Development and Kuafu Properties. According to Commercial Observer, the 230,000 square-foot building will include 30,000 square feet of retail on the first two floors, another 24,000 square feet on the third and fourth floors for a New York Sports Club, and 50 condominiums on top.
Last December, Thor Equities filed applications for a 71-story, nearly 353,600 square-foot mixed-use tower at 520 5th Avenue, in Midtown, and now Ceruzzi Properties has agreed to acquire the site for $325 million, according to Commercial Observer. The new owner plans to proceed with previous plans, which will feature three stories of retail, followed by 208 hotel rooms up to the 24th floor, and 145 residential units in the upper reaches of the tower.
The first DOB filings are up for yet another major new development in Midtown, at 138 East 50th Street. According to the New York Post, Extell bought the site for $61 million in 2012, but…