Excavation work is underway at 1299 Third Avenue, the site of a 33-story residential tower on Manhattan’s Upper East Side. Designed by SLCE Architects and developed by Elad Group, which purchased the plot for $61 million in April, the 420-foot-tall structure will yield 47 units. Press Builders is the general contractor for the property, which is located between East 74th and East 75th Streets.
Work is finishing up on West End Labs at 125 West End Avenue, an eight-story commercial building on Manhattan’s Upper West Side. Designed by Taconic Partners, Jaros, Baum & Bolles (JB&B), and Perkins+Will and developed by Taconic and Nuveen Real Estate, the project involves the full re-cladding of the structure’s exterior and conversion of its 400,000 square feet of interiors into a life sciences and research laboratory. CBRE is leading marketing and leasing and JRM Construction Management is the general contractor for the property, which is located at the corner of West 66th Street and West End Avenue, a short walk from Riverside Park South.
Exterior work is progressing on 249 East 62nd Street, a 28-story residential tower on Manhattan’s Upper East Side. Designed by INC Architecture & Design with SLCE Architects as the executive architect and developed by Zeckendorf Development, the 347-foot-tall structure will yield 66 condominium units with two to four homes per level. Brown Harris Stevens Development Marketing is handling sales and marketing and CM & Associates is the general contractor for the property, which is located by the corner of Second Avenue and East 62nd Street.
Grid Group and Lekas Realty have closed on a $32 million construction loan to complete a high-rise affordable housing property in West Harlem. Located at 1440 Amsterdam Avenue, the property will top out at 26 stories and yield 393 rental apartments, an Associated supermarket on the ground floor, and an enclosed parking garage. The latter includes roughly 120 rent-restricted units, 25 percent of which will be prioritized for current NYCHA residents.
Extell Development Company has closed on $425 million construction loan to complete a mixed-use high-rise at 1520 First Avenue on Manhattan’s Upper East Side. The 30-story building will include a mix of medical and commercial office space with frontage along East 80th and East 81st Streets.
