It has been less than four years since permits were filed for 1059 Third Avenue, but thanks to Tectonic we can see the tower has now risen 21 floors above the Upper East Side, on the way to its 30-story pinnacle. The project is one of several new high-rises coming to the neighborhood. Real Estate Inverland and Third Palm Capital are responsible for the development. The site was purchased for $40 million in 2012, costing just over $330 per buildable square foot.
Third Palm Capital
Rafael Viñoly has become one of the more prominent designers of Manhattan’s residential real estate in recent years, and today, YIMBY has the first rendering for the architect’s latest skyscraper, at 249 East 62nd Street on the Upper East Side. While the tower will technically comprise only 32 floors, it will stand 510 feet to its rooftop, taking advantage of a Jetsons-esque podium to boost its upper levels high into the neighborhood skyline.
Florida-based Real Estate Inverlad Development and South Carolina-based Third Palm Capital have filed applications for a 32-story, 83-unit mixed-use tower at 249 East 62nd Street, located in the Lenox Hill section of the Upper East Side. The new building would encompass 145,130 square feet and stand 510 feet in height. Retail space will measure 2,561 square feet across the ground and cellar levels, followed by 83 residential units across the ground through 29th floors. The apartments should average 1,188 square feet apiece. Rafael Viñoly’s Hudson Square-based architecture firm is the architect of record, the Real Deal reported. The 8,765-square-foot site is presently vacant.