30-Story Tower Coming to East 63rd Street: Permits Filed at 1059 Third Avenue

1059 Third Avenue1059 Third Avenue, image from Google Street View

Development in the eastern half of the Upper East Side is on a tear, with towers planned for First, Second and Third Avenues.

And now comes another on Third Avenue, at East 63rd Street. There, at 1059 Third Avenue, Manuel Glas Architects filed a new building permit for a 30-story, 481-foot-tall residential tower. The developers are Lansing, Michigan-based Chance Gordy with Inverlad Development and Steve Mills, who are also working with Manuel Glas on another building nearby, at 61st and Second.

The 127,000-square foot building would hold 105,000 square feet of net residential space divided among 67 apartments. Given the Upper East Side location, an average unit size of 1,500 square feet, and airy 16-foot floor-to-floor heights, condos are almost a given, though we could not get in touch with the developers to confirm.

According to the Schedule A filing, the second through fourth floors would contain office and retail space (there’s a rather hefty 15,000 square feet of net commercial space included in the project). The fifth floor would contain mechanical space, and the sixth through 11th floors would each contain two apartments and half of a duplex. Beginning on the 13th floor, all of the apartments would be floor-through spaces. (Though this does not add up to anywhere near 67 units, so either the Schedule A or the total unit count is apparently off by a wide margin.)

The new tower will replace two of the last remaining tenements on this stretch of Third Avenue. The builder picked them up in 2012 for around $40 million, or a bit over $330 per buildable square foot.

Talk about this project on the YIMBY Forums

For any questions, comments or feedback, email [email protected]

Subscribe to YIMBY’s daily e-mail

Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews