Upper East's Inside Scoop

Posted on Mon, 06-22-2015

In Manhattan’sUpper East Side, beautiful high rises stand along Park Avenue. Considered one of the most affluent neighborhoods in the city, the UES is home to the prestigious Fifth Avenue, as well as Museum Mile, featuring The Metropolitan Museum of Art, the Solomon R. Guggenheim Museum, and the Museum of the City of New York, to name a few.

High-end shopping populates 50th to 60th Street, ranging from Louis Vuitton to Prada. It is one of the areas in Manhattan with limited subway lines running, offering a hushed, laid-back vibe. Since being popularized by Breakfast at Tiffany's and Gossip Girl, developers have been turning their heads toward the UES. Here are some of the latest additions.

Luxury hotels and retailers team up

Throughout the city, luxury hotels are offering lavish, unique experiences to their customers by partnering up with high-end retailers nearby to provide VIP privileges. With this in play, guests and residents are able to enjoy the best services for a one-of-a-kind staycation. One of these hotels isThe Mark, one of Manhattan’s finest five-star hotels and residences. The hotel offers pedicab (bicycle cabs) shuttle services directly to Bergdorf Goodman, and hotel guests are permitted to shop during exclusive hours, before and after Bergdorf’s is open to the public. Guests who stay in the pricier rooms receive a $500 gift card and a facial in Bergdorf's beauty department. Rooms at The Mark start from $725, suites from $1,200. The Mark also offers ten condominiums, with a 4-bedroom apartment starting at $12 million.

"Retailers and hotels assume that if you're staying at a pricey property, you have the means and inclination to shop, and these partnerships give you an incentive to do that with a specific name," Milton Pedraza, founder of the New York-based luxury research and consulting firm, Luxury Institute, toldthe Times.

Soon to be tallest tower north of 72nd gets the go-ahead for construction

Foundation permits have been approved for this new 521-foot, 31-story, brick building, according to Curbed. It is set to be on Third Avenue between 88th and 87th Streets, squeezed between two low-rise buildings. Both designed and developed by DDG, the tower will fill an L-shaped lot. The condominium will contain 48 units, each offering soaring 16-foot ceilings. This building will surpass its current leader, at 1214 Fifth Avenue by eight feet. Completion is slated for 2018. Either way, the highly anticipated Robert A.M. Stern project at 520 Park Avenue, just north of 59th Street, will maintain its high-flying title.

...And even more condos

New, sleek condos are on the rise inYorkville, as it prepares for its new Second Avenue subway line. Around May, New York YIMBY reported filings for a 21-story, 48-unit condo at 302 East 96th Street. Wonder Work Construction, Fimida Enterprises and Mink Development collaborated to develop this project, picking up air rights from nearby buildings for $24 million. The building design measures 75,395 square-feet, plus plans for a 2,185 square-foot retail portion. Karl Fischer will be designing this building. The condominium will have a roof deck, as well as outdoor recreation space on the second floor. Demolition filings for the current three-story parking garage were filed in April.

To add, Architect Beyer Blinder Belle will be designing 1681 Third Avenue, located between East 94th and 95th Streets. The condo is expected to rise 31 or 32 stories tall and include 84 apartments. Be that as it may, it won't stand taller than DDG's 31-story building, according to YIMBY. The building will have brick facade, and contain landscaped greenery in its terraces. Completion of 1681 Third Avenue is expected to be the end of 2017.

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