Excavation work is beginning at 249 East 50th Street in Midtown East for a ground-up, 151-foot-tall residential project standing 15 stories high. The site is located between Second Avenue and Third Avenue, and was once home to three townhouses and a ground-floor French restaurant called Lutèce. In 2016 YIMBY last reported that China-based developer Tun Kyaw is behind the property and previously purchased the land for $17 million. Isaac Stern will be the designer of the new structure.
Storied French restaurant Lutèce occupied the ground floor of 249 East 50th Street for more than 40 years before shutting its doors in 2004. Thanks to the restaurant’s fame, the three townhouses at 249-253 East 50th Street have appeared in several movies and TV shows, including The Prince of Tides, Wall Street, and most recently, Mad Men. Now plans have been filed for the 16-story building that will replace them between Second and Third avenues.