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A blog from CityRealty (Links below will take you to the 6sqft site)

Carter's View

Alchemy Properties is about to start demolition on the northeast corner at 77th Street and Second Avenue in preparation for the construction of a 19-story residential condominium building with 32 apartments.

Kenneth Horn, the president of Alchemy, told Cityrealty.com today that the project should be completed in about 20 months.

FXFowle is the architect for the building, which will have the address of 303 East 77th Street.

Mr. Horn said that the air rights of two adjacent properties, one on the north side and one on the east side, were purchased and as a result the tower will have two cantilevered sections.

The building will have a limestone or granite one-story base and its facade will be clad in greenish-gray Trespa panels.

Most of the apartments will be two- and three-bedroom units, but Mr. Horn said the top floor will be a four-bedroom apartment. He said that apartments will have 9-and-a-half-foot ceilings and that the building will have a doorman and retail on the ground floor.

Alchemy's other projects include the 47-unit Oculus Condo at 50 West 15th Street, the 52-unit Indigo Condo at 125 West 21st Streets, the Paradigm at 146-8 West 22nd Street, 120 Gramercy Hill at 120 East 29th Street, Bond Street Lofts at 57 Bond Street, the Bullmoose at 42-48 East 20th Street and the Lion's Head Condo at 121 West 19th Street.
Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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