Uptown

Earlier this month, Bonjour Capital entered into contract to purchase, for roughly $140 million, the 37-story, 265-unit rental apartment tower at 1735 York Avenue, located on the corner of East 90th Street, in the Yorkville section of the Upper East Side. The future owner is planning to renovate and rebrand the residential tower, currently dubbed the Hamilton, as the Serrano. Renderings of the renovation have now been revealed by The Real Deal. It appears upgrades will be made to the lobby and the amenity areas. Existing amenities in the 280,0000square-foot building include tenant services, a fitness center, an outdoor patio, a rooftop deck, a children’s playroom, and a greenhouse. Bonjour Capital recently secured $104 million in financing for the acquisition. The tower was built in 1986 by Glenwood Management.

Back in December of 2015, construction was up to the third floor of the 54-story ultra-luxury residential building under development at 520 Park Avenue, located on East 60th Street in Lenox Hill. Now, construction has commenced on the tower portion of the building, and YIMBY can reveal new renderings of the limestone-clad structure. The 251,892-square-foot, 737-foot-tall tower will host 33 condominiums, averaging an incredible 5,394 square feet apiece. Units will span at least the entire floor, with the duplex and triplex penthouses consisting of the largest configurations. Amenities will include a salon, a pool, a fitness center with exercise rooms, a treatment room, a sauna and steam rooms, and a children’s playroom. There will also be guest suites, a wine cellar, private storage space, a garden, and a 21-bike storage room. Zeckendorf Development is the developer and Robert A.M. Stern Architects is behind the design, while SLCE Architects is serving as the architect of record. Completion is expected in 2017.