Permits have been filed for a six-story mixed-use building at 1299 3rd Avenue, on the Upper East Side of Manhattan. 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 train. Continental Ventures is responsible for the development.
YIMBY last reported on this development two weeks ago, when demolition permits were filed for the existing five-story structure at 1299, as well as 1297 3rd Ave. There were also reports that Premier Equities and Thor Equities were considering the site for a 31-story residential tower, yielding 100,000 square feet. This does not rule out the possibilities of a residential tower since the plan also involves lots 1291-1297.
The 68-foot tall structure will yield 20,930 square feet of space, with 1,250 square feet dedicated to ground floor retail and 19,680 square feet dedicated to residential use. Incredibly, only three apartments are planned for the site, averaging 6,560 square feet apiece, translating into townhouse-sized condominiums.
SLCE Architects is listed as the architect of record.
The estimated completion date has not been announced.