YIMBY toured The Wales, a newly converted 11-story condominium building at 1295 Madison Avenue in the Carnegie Hill section of Manhattan’s Upper East Side. Developed and owned by Adellco, which purchased the site from LJ Real Estate Capital Partners in 2018 for $56.3 million, along with Parisian design studio PINTO, the historic building features a collection of 21 condominium units and accompanying amenity spaces. Form4 Design Studio and Higgins Quasebarth designed the renovations and upper two-story expansion, and Press Builders served as the general contractor for the property, which was formerly known as Hotel Wales and stands at the corner of Madison Avenue and East 92nd Street. Condominium closings commenced back in March with residences priced from $3.59 million to $21.5 million for the penthouse.
Construction is rising on 134 Vanderbilt Avenue, an eight-story mixed-use building in Fort Greene, Brooklyn. Designed by executive architect Kane AUD and design architect SO-IL and developed by Tankhouse, the 85-foot-tall structure will span 89,847 square feet and yield 26 condominiums with an average scope of 1,269 square feet, as well as 3,159 square feet of commercial space, two cellar levels, a 30-foot-long rear yard, and 18 enclosed parking spaces. KSK Construction Group, LLC is the general contractor for the property, which is located at the corner of Vanderbilt and Myrtle Avenues.
Construction resumes on 550 Tenth Avenue, a 47-story residential skyscraper in Hell’s Kitchen, Manhattan. Designed by Handel Architects and developed by Gotham Organization and Goldman Sachs Asset Management JV, the rising 520-foot-tall structure will yield 430,000 square feet and 453 rental units, with 137 reserved for affordable housing, as well as 9,000 square feet of lower-level retail space, over 20,000 square feet of amenities, and 26,764 square feet of administrative office space for Covenant House. GO Covenant LLC is the owner and Monadnock Construction is the general contractor for the property, which is located along Tenth Avenue between West 40th and 41st Streets.
Construction recently topped out on 200 East 75th Street, an 18-story residential building in the Lenox Hill section of Manhattan’s Upper East Side. Designed by Beyer Blinder Belle and developed by EJS Development, which purchased the property for $32.5 million in March 2021, the 214-foot-tall structure will span 97,569 square feet and yield 36 condominium units and ground-floor retail space. Triton Construction Industry is the general contractor for the project, which is alternately addressed as 1305-1307 Third Avenue and located at the intersection of Third Avenue and East 75th Street.
Construction and renovations are progressing on The Wellington, a historic six-story, 25,000-square-foot building at 1290 Madison Avenue in the Carnegie Hill section of Manhattan’s Upper East Side. Designed by Page Ayres Cowley Architecture, LLC for 1290 Madison LLC, the project involves the conversion of the interiors to yield ten condominium units spanning 21,600 square feet, the construction of a one-story addition above the parapet, the restoration of the Renaissance Revival façade, and modernization of the 3,600 square feet of ground-floor retail space. First Standard Construction is the general contractor for the property, which is located at the corner of Madison Avenue and East 92nd Street.