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(l-r) 151 East 86th Street, 155 East 60th Street, and 138 East 50th Street via CityRealty (l-r) 151 East 86th Street, 155 East 60th Street, and 138 East 50th Street via CityRealty
It has been a busy time for Ceruzzi Properties, and proof of that can be found in Midtown East and the Upper East Side. A recent visit to 151 East 86th Street shows that construction has topped out on the 18-story, 61-unit building. The low-rise retail formerly onsite has been demolished, and workers appear to be framing the second floor. The project will be designer HOK’s first in New York.
151 East 86th Street 151 East 86th Street via CityRealty
At 210 feet high, the new building is the highest allowed in this zoning district. It will have two stories of ground-floor retail with high ceilings. According to 6sqft, the New York Sports Club formerly onsite will return through a sale-leaseback and occupy 24,000 square feet on the third and fourth floors. Above that will be 61 two- through five-bedroom apartments with interiors by SheltonMindel. Prices are not yet available, but Lou Ceruzzi told Commercial Observer that asking prices will come to roughly $3,000 per square foot. This would put them well above the Carnegie Hill average of $2,156 per square foot.
151 East 86th Street exterior rendering Rendering via HOK
Building amenities will include a small fitness center, roof terrace, screening room, playroom, and lounge. Plans also call for an alteration of the entrance to the 86th Street subway station, one of the city’s busiest. The move initially attracted some controversy among local residents, but a newly expanded sidewalk and elevator kiosk will ultimately benefit the neighborhood.
138-East-50th-1 138 East 50th Street rendering and photo via Ceruzzi Properties and CityRealty
In Midtown East, construction on Ceruzzi Properties' new 62-story, 803-foot condominium at 138 East 50th Street topped out in November 2017. More recently, the glass curtain wall by Rafael Pelli and SLCE Architects is getting closer to the top of the building. This project will have 7,500 square feet of retail on the ground floor and 124 luxury apartments on top. The distinctive design will make for incredible light in the residences, and building amenities will include a port-cochere, fitness center, and swimming pool. Sales have not yet begun, but CityRealty data shows that the median price for Midtown East condominiums is $2.995 million.
155-East-60th-1 Concept rendering of 155 East 60th Street via Archillier Architecture
155-East-60th-2 155 East 60th Street via CityRealty
Meanwhile, the site is being cleared for a mixed-use skyscraper at 155 East 60th Street. Six small buildings have already been demolished, and a mid-rise is next in line. (Not to worry - the beloved Subway Inn formerly on-site has moved to a new location.) Once the demolitions are complete, a $900 million, 350,000-square-foot development will rise. Permits have not yet been filed for a new building, but Archillier Architects is among the designers that has drawn up concepts for the site.
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