Demolition permits have been filed for the existing structures at 1297 and 1299 3rd Avenue on Manhattan’s Upper East Side, between 74th and 75th Street. The site is three blocks away from the 77th Street subway station, serviced by the 4 and 6 trains, and four blocks away from the 72nd Street subway station, serviced by the Q trains. Continental Ventures is listed as responsible for the demolition.
Permits have not yet been filed for a new building on the site, but it is has previously been announced before that Premier Equities and Thor Equities will partner in development a 31-story residential tower on the site, which will yield roughly 100,000 square feet.
The development is expected to yield condominiums, but the exact number has not yet been announced. There will also be 23,000 square feet of ground-floor retail.
Since permits have not been filed yet, the estimated completion date remains a mystery.