Rendering of 1059 Third Avenue via Alubon; Construction photo from early November (CityRealty)
According to Crain’s New York, Manhattan’s Community Board 8 is seeking to cap building heights to 210 feet across the entire Upper East Side. While the board’s push is at least a year out from reaching city agencies, as proposed it would enforce height limits along First, Second and Third avenues, bringing them in line with the rest of the neighborhood.
One tower that won’t be affected is Real Estate Inverlad and Third Palm Capital’s growing condo development at 1059 Third Avenue. Already several floors out of the ground, the high-rise will soar some 30-floors, 470-feet high above the densly-built area. While its lofty height will make it one of the top 10 tallest buildings on the Upper East Side, a half-dozen buildings nearby — such as the 50-floor Bristol Plaza, the 42-floor Royale, and the 42-floor Savoy — approach or exceed the height of the project.
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Bird's-eye view of the Upper East Side with 1059 Third Avenue (CityRealty)
According to The Real Deal, the joint-venture purchased the site for $31.5 million in 2012 from an entity associated with the Battaglia family. The tower rises midway on the avenue between East 62nd and 63rd streets, adjacent to a new entrance for the Q and F subway lines.
Rendering of 1059 3rd Avenue via Alubon
Paperwork filed with the city lists Manuel Glas as the architect. The little-known firm collaborated with the developer on the newly-finished Clare condominium where remaining 2-bedrooms are priced from $1.895 million. A newly-surfaced rendering from window manufacturer, Alubon Ltd., shows that 1059 Third Avenue will share a similar aesthetic of clean vertical lines juxtaposed by cantilevers and ribbons of glass walls along its Central Park-facing elevation.
While large in stature, there will be a modest offering of 67 condos inside. Homes will begin on the sixth floor and many will be duplexes with 16-foot floor-to-floor ceiling heights. Upper levels will have no more than one residence per floor. Amenities are to include a gym, spa, and lounge.
CityRealty
1059 Third Avenue in the future Manhattan / Queens skyline (CityRealty)
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New Developments Editor
Ondel Hylton
Ondel is a lifelong New Yorker and comprehensive assessor of the city's dynamic urban landscape.
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