The Matteo Nears Completion at 323 East 79th Street on Manhattan’s Upper East Side

8:00 am on March 11, 2023 By Michael Young

Exterior work is finishing up on The Matteo, a 17-story residential building at 323 East 79th Street in the Yorkville section of the Upper East Side. Designed by Woods Bagot Architects and developed by Boomerang Development Group, which purchased the property from Spruce Capital Partners for $13.7 million, the 214-foot-tall structure will yield 35,045 square feet with 15 full-floor condominium units in three- to four-bedroom layouts. All homes will feature direct elevator access, and some will span two floors. Sunlight Construction AA is the general contractor and The Masters Division at Nest Seekers is handling sales and marketing for the property, which is located on a narrow interior plot between First and Second Avenues.

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Permits Filed for 4 East 49th Street in Midtown East, Manhattan

7:00 am on March 11, 2023 By Vanessa Londono

Permits have been filed to expand a 14-story structure into a 29-story mixed-use building at 4 East 49th Street in Manhattan’s Midtown East. Located between Fifth Avenue and Madison Avenue, the interior lot is one block from the 47-50 Streets-Rockefeller Center subway station, serviced by the B, D, F, and M trains. Rudolf Abramov of RJ Capital Holdings is listed as the owner behind the applications.

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1487 First Avenue Readies for Excavation on Manhattan’s Upper East Side

8:00 am on March 10, 2023 By Michael Young

Demolition is complete at 1487 First Avenue, the site of a 24-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Carmel Partners, which purchased the property for $73.5 million in early 2022 from local developer Robert Chou, the 209-foot-tall structure will yield 94 condominium units with an average scope of around 1,900 square feet, as well as 7,120 square feet of ground-floor retail space and cellar level. CP VII 78th Street Owner is the owner and Carmel Construction East is the general contractor for the project, which is located at the southwestern corner of First Avenue and East 78th Street.

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