Marketing will begin in September for the Laurel, a residential condominium building at 400 East 67th Street on the southeast corner at 1st Avenue that, according to documents on file with the Department of Buildings June 25, 2007, will be 30 stories tall and have 136 apartments.

The building is being developed by Alexico Management of which Izak Senbahar and Simon Elias are principals.

Alexico acquired the property for $143 million. It is just to the north of the handsome St. John Nepomucine Roman Catholic Church on the avenue and it is also across the avenue from the large St. Catherine's Park that occupies about half of the block between 66th and 67th Streets and First and Second Avenues. St. John Nepomucine Church was erected in 1925 and designed by John Van Pelt in what Elliot Willensky and Norval White described in their fine book, "The A.I.A. Guide to New York City, Fourth Edition" (Three Rivers Press, 2000), as "A wonderfully romantic paen to the Romanesque style for a Slavic...congregation."

The building, which also has an address of 1238-1244 First Avenue, has been designed by Costas Kondylis.

Occupancy is anticipated in the fall of 2008.

Alexico's other projects have included 165 Charles Street, which was designed by Richard Meier, and the Grand Beekman at 400 East 51st Street, which was designed by Mr. Kondylis. It also recently acquired the former Mark Hotel on the northwest corner of Madison Avenue at 77th Street.

The new building will have apartments ranging in size from 500-square-foot studios to 4,000-square-foot six-bedroom units. It is on the former site of the Bethany Memorial Church (Reformed in America) that was built in 1910 and designed by Nelson & Van Wagenen.

Pricing is expected to average about $1,700 a square foot, which will include membership in the building's Trophy Club that will have a triatholon center and a training program by Orion Mims.