NEW YORK | 1448 3rd Ave. | 478 FT | 39 FLOORS

[Ahoi]

"Permits have been filed for a 39-story mixed-use tower at 1448 Third Avenue on the Upper East Side of Manhattan. Located at the intersection of Third Avenue and East 82nd Street, the lot is one block from the 86th Street subway stations, serviced by the Q, 4, 5, and 6 trains. Douglaston Development is listed as the owner behind the applications.

The proposed 478-foot-tall development will yield 287,632 square feet, with 225,544 square feet designated for residential space, 40,864 square feet for commercial space, and 21,224 square feet for community facility space. The building will have 125 residences, most likely condos based on the average unit scope of 1,804 square feet. The concrete-based structure will also have a cellar and a 20-foot-long rear yard."

https://newyorkyimby.com/2024/03/per...east-side.html

https://www.crainsnewyork.com/real-e...pper-east-side

[Busy Bee]

Good ole Thord Ave

[Hudson11]

I was honestly baffled for a second there, like maybe it was some random street in Brooklyn or the Bronx I've never heard of.

[NYguy]

This will probably top 500 ft.

[NYguy]

https://www.pincusco.com/douglaston-...with-72-units/

[Crawford]

Yeah, this looks like it will top 500 ft.

Looks promising. Another prewar-style limestone tower for the UES.

[NYguy]

Should fit in nicely.

[Busy Bee]

Indeed

[ChiND]

Will That beautiful tower replace this ugly building?

[Busy Bee]

^ That's affirmative

[ChiND]

Originally Posted by Busy Bee

^ That's affirmative

Thanks. That’s very good news. I wonder if that red massing structure represents the basic form of the new tower. If so, it seems to have a nice crown.

[jbermingham123]

Huh.. based on the 3d model and the photos, it looks like they're only tearing down half of that building.. why would they do that?

[NYguy]

A little more info...


https://patch.com/new-york/upper-eas...st-side-corner

Nearly 500-Foot-Tall Luxury Tower Planned For Upper East Side Corner
Plans for a new 72-unit building were filed last week by a Hudson Yards developer, according to city records.





Peter Senzamici
Mar 4, 2024

A new, nearly 500-foot-tall luxury building could soon tower Yorkville, according to city records.

The proposed 39-story building is slated for the site of a former Gristedes at 1448 Third Ave., part of a block-long set of buildings that spans from East 82nd to East 83rd streets, according to the permits filed last week

Plans show that the 72-unit tower will be developed by Douglaston Development, known for their huge projects in Hudson Yards and on the Williamsburg waterfront.

The architect is named as CetraRuddy, whose listed luxury projects include the former Barbizon Hotel in Lenox Hill.

According to the filing, the proposed 478-foot-tall building will include 72 apartments on a new subdivided tax lot, which was only tentatively approved by the city's tax authorities recently.

The luxurious tower will boast numerous amenities, including a lounge, media room, sauna, terrace, pool and pool deck on the 21st floor; a fitness room, kid's room and yoga studio on the 22nd floor; and bike storage and a "library lounge" on the ground floor.

The scope of the proposed building is difficult to parse, since the filing includes both the new, proposed lot and the existing one, and much of the filing appears to contain conflicting information about size and density.

Patch reached out for comment and clarity, and left messages with both the developer and the architect, but neither responded by publication time.

One thing is for sure: much of the tower will be quite exclusive, according to the filing.

On 14 of the tower's floors, prospective occupants will be wrapped in spacious isolation, with only two apartments per floor — and it gets better from there.

The top three floors will house just a single unit each.

An 89-unit rental building currents sits on the existing tax lot, which stretches along Third Avenue from East 82nd Street and wraps along East 83rd Street, where it slightly approaches the mid-block.

Filed documents show that the new lot would be created by bisecting the current lot in roughly the middle of Third Avenue — where a demising wall is currently located, other documents show — with the new tower to be located on the new, southern tax lot.

Partial demolition plans filed in January say that the southern half of the building is unoccupied.

The remaining six-story building on the now-subdivided northern lot would stay in place with about 50 rental units, according to the new building permit and the separate partial demolition, giving a total of 125 units across both lots — a number erroneously reported by several other news outlets as the total number of units in the proposed building.

Partial demolition at the site, first reported on by Upper East Site, has been underway since late last 2023.

Meanwhile, its no wonder this new tower is going up...


https://therealdeal.com/new-york/202...-sold-for-38m/

Penthouse re-sold for $38M after just four months


JAN 8, 2024
By Sheridan Wall

The first resale at Naftali Group and Rockefeller Group’s 200 East 83rd Street was a quick flip of a penthouse.

The 6,600-square-foot duplex sold in late December for $38 million, just four months after it first sold for $32.5 million, records show. The off-market deal was the priciest to hit the books last month.

It’s unclear why the Upper East Side condo unit sold for $5.5 million more this time around, but the previous sale price stemmed from a contract signed in March 2022.

Also, the second sale included a parking space, which might not have been part of the original one. Parking spots in Manhattan sell for well into the six figures.

3 bedrooms are going for around $30 million in that building...
https://streeteasy.com/building/200-...treet-new_york

[mrnyc]

a net loss of apts overall and also entirely for the middle class — all for a shiny tower for the wealthy.

while that might be progress of a sort for some, not too excited about it.

[scalziand]

Originally Posted by mrnyc

a net loss of apts overall and also entirely for the middle class — all for a shiny tower for the wealthy.

while that might be progress of a sort for some, not too excited about it.

Read the article. The side of the current building being demolished is only 40 units, so there will still be a net increase of units.

[Ahoi]

If I have not misread the information in the DOB, it could be that an application for demolition has been submitted here?

[NYguy]

Originally Posted by Ahoi

If I have not misread the information in the DOB, it could be that an application for demolition has been submitted here?

So far, I'm only seeing new building permits.

[Ahoi]

Pics by Michael Young

https://newyorkyimby.com/2024/04/dem...east-side.html

[Ahoi]

Paywall

https://therealdeal.com/new-york/202...ding-for-115m/