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A blog from CityRealty (Links below will take you to the 6sqft site)

Features

Overshadowed by the west side and it's headline developments, Manhattan's east side is once again on residential developers' radars as the expansion of the area's medical institutions and new office space expected from the Midtown East rezoning promises to bring thousands of new employees into the historic business district.

Near the district's southeast fringe where mid-century office buildings blend into post-war apartment houses of Murray Hill, a new generation of luxury buildings is beginning to rise. The 2017-finished American Copper Towers, with its $11,667/month two-bedrooms and sky-bridge pool proved that the rather unsexy area could attract a younger, well-heeled crowd when offered the right product.
Along 34th Street, three new residential towers are preparing to rise. To join a cluster of recent mid-rise that include The Anthem, The Charleston, and Theater House; Lalezarian Properies is fixing the foundation for a 35-floor mixed-use tower at 509 Third Avenue/ 201-211 East 34th Street. A rendering posted at the site depicts an efficient design by Ismael Leyva Architects that will offer lots of full-height corner windows and some well-placed terraces.
With ground-floor retail and 229 residential units across 167,000 square feet of zoning area, the building will most likely aacomodate 'luxury' rental apartments. A shortlist of amenities includes a live-in super, bike storage, and top floors dedicated to health, wellness, and recreation. The 33rd floor will hold a fitness center, while the 34th will have a common lounge and accompanying terrace.
The high-rise will soar 400 feet tall to its rooftop bulkhead. Its height won't make much of a dent in the Manhattan skyline, but its location near the East River and at the cusp of mid-rise Kips Bay/Murray Hill will provide apartments with decent views of the surrounding area. Far-reaching downtown views will be obscured by a rivaling condo tower digging its foundation at 200 East 34th Street. Spearheaded by China Overseas Land & Investment, that 31-story tower will have 144 condos designed the well-regarded firm of Cetra/Ruddy Architects.
July 2020 (CityRealty)
The tower's delivery, sometime in the next two years, will add an east side building to Lalezarian's growing Manhattan portfolio which most recently completed 507 West Chelsea and Hudson 36 near Hudson Yards. According to The Real Deal, the rather clandestine Long Island-based developer acquired the five-parcel development site in late 2018 for $79.5 million from the Riese Organization.
509-Third-Avenue-201 East 34th Street Capture of rendering posted outside 509 Third Avenue's construction fence

Additional Info About the Building

 
Luxury Homes in Midtown | Newly Renovated Studio-2BR Homes View Property
Spacious 1 Bedrooms with outdoor space and in-residence w/d View Property
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