A lot of progress has been made on 368 Third Avenue in Kips Bay since YIMBY’s last visit in mid-June, when excavation was still ongoing for the 35-story mixed-use residential tower. Today, the reinforced concrete structure is approaching the halfway mark and is gaining increasing prominence over the surrounding neighborhood. The 388-foot-tall, 145,000-square-foot structure is located between East 26th Street and East 27th Street and is being designed by SLCE Architects. Minrav Development purchased the site from Continental Ventures and Itzhaki Acquisitions for $64 million. The development will yield 100 apartments, averaging around 1,110 square feet apiece.
Architectural photographer Tectonic has some new shots of the project.
368 Third Avenue will contain 3,000 square feet of retail space and amenities on the ground floor. Apartments will begin on the second floor, with three to four units per floor from the third to 25th stories, two units per floor on the next six levels, and two penthouses on the top two floors. Amenities will include a fitness room, a residential lounge, and a children’s playroom.
The structure’s relative isolation from the rising crop of skyscrapers in the adjacent NoMad and Flatiron District makes it particularly prominent despite its moderate height. This will afford residents of upper floors uninterrupted views to the east of the East River, Brooklyn, and the rising sun; the Empire State Building and Chrysler Building to the north; and the Lower Manhattan skyline to the south.
368 Third Avenue is slated to be completed in the summer of 2021, as stated on the construction fence.