When an LLC went on a townhouse-buying spree on East 78th Street last year, there was major speculation that a new residential development was on the way. And, ta da, there is, and it's going to look like that building above, all red-brick with petite balconies and porthole-like windows at its top. 151 East 78th Street will be 16 stories with 14 residences. The building, which will include three- to six-bedroom apartments and (plural) penthouses ranging from 3,300 to 7,000 square feet apiece, is developed by Spruce Capital Partners, which owns several other tony-looking city properties. The architect for both the outside and interiors is an Upper East Side native and Architectural Digest fave, Peter Pennoyer, and it's his first condo building. Amenities include a 24-hour doorman, a landscaped garden, a resident library, a gym, a bike room, private storage, and a live-in resident manager. There's also a teaser site, noting that sales begin in "early 2014," with closings starting from October 2015.
· 151 East 78th Street [official site]
· Portfolio: 151 East 78th Street [Spruce Capital]
· Is East 78th Street Getting a New Residential Development? [Curbed]