With the demand for starchitected buildings cooling off, and new development sites at a premium downtown, developers looking for new frontiers have turned their attention eastward. According to the Daily News there's a lot of activity on 2nd Avenue in the 50s:
The Second Ave. corridor is gaining cachet thanks to Three Ten, a glamorous glass tower Macklowe Properties is finishing at 310 E. 53rd St. Another boost will come from Related Cos., which is excavating a site for a luxury condo tower at 250 E. 53rd St., across Second Ave. from Three Ten. Developers are under increasing pressure as the pace of residential construction in the city accelerates. So, there's some concern that Second Ave. projects may be coming late to the party.Aside from the two projects mentioned above, the article lists at least seven other new condo projects going up on the avenue?and this does not even include the work at the ConEd site just south of the UN. Strangely, no mention of how the 2nd Avenue subway might figure into the plans. Think about that while stuck in tunnel and bridge traffic on 2nd Avenue on your way to the Hamptons this summer.
· Second Ave. boom builds [NY Daily News]
· Development Du Jour: ThreeTen East 53rd [Curbed]
· Development Du Jour: The Veneto [Curbed]