12-Story, 120,000-Square-Foot Residential Building Planned at 1988-1996 Second Avenue, East Harlem
In 2015, Bonjour Capital acquired the 11,857-square-foot development site at 1988-1996 Second Avenue and 303 East 102nd Street – located between East 102nd and 103rd streets in East Harlem – for roughly $25 million. Now, it has been revealed that the developer is planning a 12- or 13-story, 120,000-square-foot residential building at the site, Crain’s reports. The units will be rental apartments, although the number of them is not currently known. The site can accommodate 71,142 square feet of residential space as-of-right, but the site comes with addition air rights, boosting that figure to roughly 120,000 square feet. Groundbreaking is expected by the end of the year, with completion scheduled for early 2019. All seven of the assembled lots are currently vacant.