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1491-1493 First Avenue Readies for Excavation on Manhattan’s Upper East Side

1491-1493 FIRST AVENUE
1491-1493 First Avenue. Developed by Carmel Partners
Source: New York Yimby

Demolition is complete at 1491-1493 First Avenue, the site of a 24-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Hill West Architects and developed by Carmel Partners, which purchased the property for $73.5 million in early 2022 from local developer Robert Chou, the 209-foot-tall structure will yield 94 condominium units with an average scope of around 1,900 square feet, as well as 7,120 square feet of ground-floor retail space and cellar level. CP VII 78th Street Owner is the owner and Carmel Construction East is the general contractor for the project, which is located at the southwestern corner of First Avenue and East 78th Street.

Read Full Article on New York Yimby