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Blue Rock Real Estate, which is headed by Ramin Kamfar, plans to erect a 34-story residential condominium tower at 1355 First Avenue between 72nd and 73rd streets.

The 398-foot-high tower, which will be known as The Charles, will have 51 apartments.

Ismael Leyva is the architect.

The glass-clad building will have many balconies and the western half of its north facade beginning at about the 13th floor.

The building is close to Sotheby's, the auction house, and New York Presbyterian Hospital, both on York Avenue.

There are many restaurants in the neighborhood and there is crosstown bus service on 72nd Street.

From 1988 to 1993, Mr. Kamfar was an investment banker at Lehman Brothers Inc.

He was formerly chairman of New World Restaurant Group Inc., which had about 750 restaurants included Einstein Bros., and Noah's NY Bagels.

A rendering of the development indicated its top would be illuminated at night.

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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.