World-Wide Holdings plans to develop a residential condominium apartment tower at 1425 Second Avenue on the northwest corner at 74th Street and has begun demolition at the site.
The building is likely to also have the address of 255 East 74th Street and to be about 30 stories tall.
According to Robert K. Futterman & Associates, which is handling the marketing of the building's retail spaces, the building is expected to be completed in the third quarter of 2008 and will have a 44,000-square-foot Equinox fitness center. The rendering at the right is from a Futterman brochure.
Documents on file with the city indicate that the developer has made air-rights agreements with the owners of 244 East 75th Street, 1433 Second Avenue and 1435 Second Avenue and 1439 Second Avenue.
SLCE has been reported to be the architect for the project.
Last June, World-Wide Holdings entered an agreement with the Educational Construction Fund to lease for 75 years the High School of Art & Design and the Beekman Hill International School on the west blockfront of Second Avenue between 56th and 57th Street where it will build replacements for the school and a large residential tower with construction set to start next year.
It also developed the nearby Milan condominium tower on the former site of the legendary El Morocco nightclub on East 55th Street.
The chairman of World-Wide Holdings, which was a partner in the development of World-Wide Plaza on the former Eighth Avenue site of Madison Square Garden, is Victor Elmaleh.
The building is likely to also have the address of 255 East 74th Street and to be about 30 stories tall.
According to Robert K. Futterman & Associates, which is handling the marketing of the building's retail spaces, the building is expected to be completed in the third quarter of 2008 and will have a 44,000-square-foot Equinox fitness center. The rendering at the right is from a Futterman brochure.
Documents on file with the city indicate that the developer has made air-rights agreements with the owners of 244 East 75th Street, 1433 Second Avenue and 1435 Second Avenue and 1439 Second Avenue.
SLCE has been reported to be the architect for the project.
Last June, World-Wide Holdings entered an agreement with the Educational Construction Fund to lease for 75 years the High School of Art & Design and the Beekman Hill International School on the west blockfront of Second Avenue between 56th and 57th Street where it will build replacements for the school and a large residential tower with construction set to start next year.
It also developed the nearby Milan condominium tower on the former site of the legendary El Morocco nightclub on East 55th Street.
The chairman of World-Wide Holdings, which was a partner in the development of World-Wide Plaza on the former Eighth Avenue site of Madison Square Garden, is Victor Elmaleh.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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