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Rendering of 2005 Third Avenue under construction in East Harlem (SHIMMER for RYBAK Development) Rendering of 2005 Third Avenue under construction in East Harlem (SHIMMER for RYBAK Development)
In 2017, the de Blasio administration successfully implemented rezoning measures across swaths of East Harlem, creating new prospects for affordable and market-rate housing and economic growth. Portions of Second through Park Avenues were upzoned, enabling the construction of taller and bulkier buildings. Community concerns led to the establishment of height limits between 115 and 275 feet along avenues while preserving the low-rise character of mid-block lots.
While fruits from the rezoning have been slow to come to market, likely due to the ambitious affordable housing requirements and the pandemic, the first projects have come to light, which include the recent opening of a 19-floor rental at 88 East 127th Street. Earlier this fall, the MTA announced nearly $3.5 billion in federal funding, marking a significant step forward for the second phase of the Second Avenue Subway, extending the Q train through East Harlem to 125th Street.
East Harlem construction Map showing portion of East Harlem that was rezoned in 2017 with the development site in red. The site has a height limit of 215 feet. The future route and stations of the Second Avenue subway extension phase 2 are also shown.
The new tower will be the tallest in the immediate areas and high-floor units will have Midtown skyline views
Rybak Development is now forging ahead with 2005 Third Avenue, one of the most substantial projects benefiting from the rezoning. The 17-story high-rise replaces a string of low-slung structures and will be the tallest in its immediate area. The rendered design by Studio V Architecture is boxy and contemporary, showing full-height windows and vertical bands of dark-colored cladding in an irregular pattern. Overall, the tower encompasses 130,000 square feet and will host 209 residences, a 10,000-square-foot community facility space, and ground-floor retail.
Although it has not been released whether the building will comprise condos or rentals, recent filings have increased the unit count from 91 to 209, making rental units more likely. There will be between 12 to 21 apartments per floor and the amenities will include a top-floor lounge, a children's playroom, a rooftop garden, and a rooftop swimming pool. Completion is estimated for 2025.
2005 Third Avenue construciton 2005 Third Avenue (November 2023)
2005 Third Avenue
A recent on-site visit revealed that construction has progressed to street level on the entire blockfront of Third Avenue between East 111th and 110th Street (Tito Puente Way). Rybak Development is well established for recent condo developments in Brooklyn and Manhattan, including Manor 82 and Arloparc on the Upper East Side, The 101 on the East Village/Lower East Side nexus, and QNS44 in Long Island City.

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