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(l-r) VU New York, Eastlight, and Hillrose28 are among the new residential developments taking Kips Bay by storm (l-r) VU New York, Eastlight, and Hillrose28 are among the new residential developments taking Kips Bay by storm
In the early days of New York City, a manor house owned by Jacobus Kips was leased as a quarantine facility for patients with yellow fever. Centuries later, the neighborhood surrounding the manor house has been renamed in his honor and its medical history lives on. Not only do Bellevue Hospital, NYU Langone Health, and Alexandria Center for Life Sciences sit practically side by side on First Avenue, but Governor Kathy Hochul and Mayor Eric Adams have just announced plans for a $1.6 billion, 1.5 million-square-foot life sciences hub known as Science Park and Research Campus (SPARC) Kips Bay.
SPARC Kips Bay will occupy a full city block and be built on the existing Hunter College Brookdale Health Science Center under the City University of New York (CUNY) system. The campus will be anchored by the Hunter School of Nursing and CUNY’s School of Health Professions, a life sciences lab, simulation classrooms, certification courses, and a new public high school devoted to the life sciences. CUNY is partnering with the city and state on the project, which will be jointly funded by the two with additional investments from the private sector. According to Crain's New York Business, construction is expected to begin in 2026, and completion is estimated for 2031.

"This is where we'll invent new vaccines, cure chronic disease, and unlock the knowledge that will help millions of people to live longer, stronger, and healthier lives" — Mayor Eric Adams

As one heads west from the hospitals and life sciences center, one notices more Kips Bay residential buildings with listings at attainable prices. Critics chalk this up to the absence of flashy retail and restaurant opportunities. However, the neighborhood has its share of unique businesses (think Dover Street Market), and national chains have caught on to its potential: It only took a few years for an AMC movie theater and Fairway to become local fixtures, and the Kips Bay Trader Joe's opened its doors in 2016.

SPARC Kips Bay is expected to create as many as 10,000 jobs in the next 30 years, drawing professionals from all over New York. However, thanks to a residential building boomlet, new housing is on the horizon to allow people to live near work. We take a look at new construction that will further put Kips Bay on the map.

Developed by Sinha Development | Design by TRA Studio
8 stories | 10 units
6 availabilities from $2,399,000

128-East-28th-Street-01 128 East 28th Street (Douglas Elliman)
Kips Bay condos
NYC condos
Construction is winding down on 128 East 28th Street, a boutique condominium with folded aluminum panels that present a modern take on the contextual aesthetic. The building's massing allows all units to have private balconies, and only two units per floor allow for optimal peace and privacy. All apartments feature sound-attenuated windows, 7" custom European oak flooring, kitchens with Terrazzo floors and Miele and Gaggenau appliances, and primary baths with radiant heated floors and Watermark fixtures. Amenities include virtual doorman, common roof terrace, private storage, and bike storage.

Developed by Forkosh Development | Design by C3D Architecture
19 stories | 43 units
4 availabilities from $1,695,000

161-East-28th-Street-1 Hillrose28 (The Corcoran Group)
Kips Bay condos
Kips Bay apartments
Three low-rise buildings near Third Avenue have been demolished, and a 19-story condominium has risen in their place. The building is distinguished by its pale limestone facade and multiple private balconies, and all units have interiors by Lemay + Escobar. The apartments also feature oversized windows, white oak flooring, open-plan kitchens with Scavolini cabinetry and Bosch appliance packages, luxe primary baths, and in-unit Miele washer/dryers. Residential amenities include 24-hour doorman and concierge service, a duplex fitness center with dedicated cardio and fitness areas, a lounge with kitchen and fireplace, and a landscaped rooftop terrace with onyx bar and grill.

Developed by Lexington Partners LLC | Design by Issac | Stern
11 stories | 43 units
8 availabilities from $1,275,000

165-Lexington-Avenue-1 Lexi Condos (Serhant)
Kips Bay condos
NYC building amenities
Located on the cusp of Kips Bay and Murray Hill, Lexi Condos is roughly in line with its neighbors and offers oversized windows to fill the apartments with light. The apartments also feature white oak floors, kitchens with custom Italian cabinetry and integrated Miele appliances, and primary suites with generous closet space and sumptuous baths. Residential amenities include state-of-the-art fitness center, a lounge, a co-working space, a children’s playroom, a bicycle room, private storage for purchase, and a furnished rooftop deck with lush planters, a barbecue, and stunning city views.

Developed by Minrav Development | Design by SLCE Architects
35 stories | 100 units
15 availabilities from $945,000

368-Third-Avenue-1 VU New York (Brown Harris Stevens)
Kips Bay condos
NYC condos
At 407 feet high, VU New York is one of Kips Bay's tallest new skyscrapers. Floor-to-ceiling windows fill the apartments with natural light, and interiors by Paris Forino feature a light material palette, kitchens outfitted with Miele appliances, and spa-like primary baths. Amenities include a fitness center, lounge, and rooftop with stunning skyline and East River views. Closings commenced in April 2022, and the building is ready for immediate occupancy.

Developed by China Overseas Land & Investment | Design by CetraRuddy
34 stories | 144 units
15 availabilities from $698,000

501-Third-Avenue-01 Easlight (The Corcoran Group)
Kips Bay condos
Kips Bay apartments
In November 2017, The Real Deal reported that China Overseas Land & Investment bought a Kips Bay development site from Extell for $75 million. Since then, a towering new building has risen on the corner of Third Avenue and East 34th Street - a busy thoroughfare, but sound-attenuated windows mean one would never know it inside. Interiors feature 9' ceilings, 7" white oak flooring, kitchens with custom oak cabinetry and integrated Miele appliances, and marble-clad primary baths. The amenity suite is on the 34th floor so as to make the most of spectacular views and offers a fitness center, lounge, dining room, and roof terrace. Occupancy is anticipated to begin this fall.

Developed by Lions Group NYC | Design by C3D Architecture
14 stories | 40 units

227-Lexington-Avenue-1 The Lex (Real New York)
Kips Bay rentals
NYC rentals
Construction on The Lex was completed in 2019, and leasing launched shortly after. Residents enjoy excellent privacy--only two or three apartments per floor--abundant natural light, elegant kitchens with top-of-the-line appliances, baths with radiant heated floors, and in-unit washer/dryers. Select units have private balconies, and all residents enjoy virtual doorman service and a common roof deck.

Developed by Slate Property Group | Design TBD
6 stories | 144 units
1 availability for $6,250/month

495-Third-Avenue-1 The Collective (Abode Residential LLC)
Kips Bay rentals
NYC rentals
On the corner of Third Avenue and East 33rd Street, The Collective comprises seven adjacent properties housing newly renovated residences in a central location. All apartments feature high ceilings, designer details, kitchens with stainless steel appliances, and well-sized bedrooms. A part-time doorman and on-site superintendent are on staff, and amenities include a business center, laundry room, lounge, and roof deck.

Coming Soon

Developed by Excel Development Group | Design by GF55 Partners
23 stories | 155 units

345-East-33rd-Street-01 Rendering of 345 East 33rd Street (GF55 Architects)
As this project shows, Kips Bay's transition to an increasingly residential area is not without challenges: Its developers had to seek a rezoning from the city. According to The Real Deal, the mixed-use development that will bring approximately 10,000 square feet of retail space with rental apartments on top. Under the Mandatory Inclusionary Housing program, a percentage of apartments will be earmarked for affordable housing. Construction permits have not yet been filed, but a new rendering was revealed in June 2022.

Developed by Shalimar Management | Design by C3D Architecture
11 stories | 20 units

543-Second-Avenue-1 543 Second Avenue rendering via C3D Architecture
According to renderings, a vacant lot on the corner of Second Avenue and East 30th Street is in for a glistening new look. Renderings show top four stories of the glassy new building cantilevering over the adjacent building. A custom glass curtain wall will offer residents floor-to-ceiling windows, and antique gold finish frames will make the building even more of a standout. There will only be two apartments per floor, and a glass-enclosed elevator will ferry residents to them.

Developed by New Empire Corp. | Design by Morali
12 stories | 59 units

In the wake of its success with One48, New Empire Corp. returns its attention to Kips Bay: In May 2022, the developer filed permits for a new condo between East 24th and 25th Streets. More than half of the 59 condos are expected to include private outdoor space. City records indicate that demolition permits were filed for the buildings previously on-site in May 2021, and completion of the new building is estimated for late 2023.

Developed by The Horizon at Rivington LLC | Design by Fischer + Makooi Architect
7 stories | 30 units

The four-story building formerly on-site at 609 Second Avenue has been demolished, and work is underway on its seven-story replacement. Permits call for two stores at grade level, and five apartments per floor starting on the second story. Amenities will include storage, a bike room, a package room, a cellar-level lounge, and a fourth-floor lounge. There is no gym, but the building is taking shape a short distance from a wide variety of gyms and fitness studios. Completion is estimated for December 2022.

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