Posted Mar 30, 2018, 12:43 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 52,143
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NEW YORK | 1522 1st Ave (403 East 79th St)| 449 FT | 30 FLOORS
https://rew-online.com/newmark-named...e-development/
https://therealdeal.com/2018/03/29/s...ment-revealed/
Revealed: Site of Gary Barnett’s next big development
Extell chief close to finalizing assemblage on the UES with 250K buildable sf
By Mark Maurer
March 29, 2018
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Gary Barnett’s Extell Development is in the final stages of securing an assemblage for its next development – a site on the Upper East Side with more than 250,000 buildable square feet.
The development firm is considering building a residential tower with a school at its base on the site, located on First Avenue between East 79th and 80th streets, Barnett told The Real Deal.
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The parcels together offer about 200,000 buildable square feet, but sources said the developer intends to pursue an inclusionary housing bonus would bring the potential size to at least 250,000 square feet. Barnett said Extell is also weighing whether to tack on additional air rights from neighboring properties. The parcels’ collective addresses are 1514-1528 First Avenue, 401-403 East 79th Street and 400-402 East 80th Street in the Upper East Side’s Yorkville neighborhood.
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A school has already approached the developer about occupying a portion of the development, though no agreement has been made, Barnett said. Barnett added he hopes to begin demolition in the next six months.
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Last edited by NYguy; Jul 28, 2023 at 2:03 AM.
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