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


1228 Madison Avenue; Credit: Grain 1228 Madison Avenue; Credit: Grain
To join a growing collection of prestigious Carnegie Hill addresses is 1228 Madison Avenue, an ultra high-end development composed of 14 floor-through residences and a duplex penthouse. Supremely sited a half-block from Central Park and the Guggenheim Museum, the venture is being brought to market by CB Developers, SK Development, and Ironstate. The team has successfully completed a number of rental and condo buildings in Midtown East, and this will be their first foray on the Upper East Side.

The project's designer is the one and only Robert A.M. Stern Architects, a firm with no peer in producing top-of-the-market residential buildings whose spaces, proportions, and exteriors pay tribute to Classical and pre-war styles. Recent nearby apartment houses by the 51-year-old firm include The Brompton, The Chatham, and 520 Park Avenue.
“We have designed a building with a personality all its own, but one that grows out of the traditions of the Upper East Side and the eclectic architectural spirit of Carnegie Hill,” said Paul L. Whalen, a Partner at Robert A.M. Stern Architects. “1228 Madison Avenue participates in the life of one of the world's great shopping streets and rises to celebrate panoramic views in all directions, including spectacular views over Central Park.”
1228 Madison Avenue Exquisitely designed at all scales (Grain)
Newly-released renderings show a building rich in Stern signatures such as a stone curtain wall, traditional windows, tiered setbacks, and a dignified crown. A press release revealing the development explains, "The facade deploy unforced symmetry, freely mixed with classical motifs like columns and arches, all held together by strong horizontal lines." A recent visit to the construction site shows the structure has neared its pinnacle. While its 208-foot height is petite by supertall standards, it is enough to secure prized views of Central Park and its legendary 'Gold Coast' neighborhood. The development team states each of the expansive homes will have an individual point of view.

1228 Madison's 15 two- to four-bedroom residences will be refined by Kelly Behun Studio. The building is her first multifamily residential commission and will imbue a nuanced, textured palette features warm shades of whites and creams. The finishes will be accented with light and medium colored woods and a range of European marbles.

“With the interiors at 1228 Madison, we wanted to create an elegant setting to reflect the Classical style of the exterior designed by world-renowned Robert A.M. Stern Architects,” explains Kelly Behun. “Every detail within the building, from the chevron oak floors to the burnished nickel finish on the custom P.E. Guerin door hardware I designed for each residence, has been carefully chosen to create a harmonious environment that feels very classic but with a unique and modern twist.”
1228 Madison Avenue apartments Rendering of living in the eigth floor residence (Grain)
To debut as the smallest of more than a dozen multifamily buildings designed by Robert A.M. Stern Architects, the building will have 3,800 square feet of retail at the ground floor and floor-through units above, many with private terraces. A shortlist of amenities includes a party room, fitness center, bike room, package room, and storage. Model residences will be unveiled early next year, with delivery expected in Q3 2021.

Pricing has yet to be released but they promise to be unapologetically high. The Upper East Side's Gold Coast is among the world's most expensive urban neighborhoods and strict zoning/preservation laws make new construction extremely rare. According to CityRealty data, the median closing price of a Carnegie Hill condo is $1,965 per square foot and new construction units in full-service buildings sell substantially higher.
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Sited between East 88th and 89th Streets, the building is six blocks north of the Metropolitan Museum of Art and a short walk to Madison Avenue’s most prestigious shops. Acclaimed private schools such as Dalton, Spence, and the National Academy School of Fine Arts are also nearby.
Scott Shnay, principal at SK Development says, “1228 Madison Avenue is a refreshing addition to Manhattan’s luxury real estate market, the intimate scale of the building lends itself wonderfully to locals and families seeking a home in the heart of the Upper East Side. Robert A.M. Stern Architects and Kelly Behun Studio have brought to life residences that are rooted in the great history of our city, but possess a sensibility that looks towards its future.”
Carnegie Hill real estate Median closing condo PPSF in Carnegie Hill compared to Manhattan overall (CityRealty)

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