When it comes to its recent past, the condo building at 807 Park Avenue may be the most cursed building on the Upper East Side. Developer Aion, who's owned the property since 2004, will present plans (PDF!) in front of the Landmarks Preservation Commission this afternoon to alter or maybe even demolish the structure, and rebuild a different, presumably more desirable condo building, TRD reports.
The 12-story structure on Park Avenue between 74th and 75th streets has had more iterations in the past 15 years than most buildings do in a lifetime. Originally five stories, the building was expanded to 12 in the 1980's, and picked up in 1999 by rapper/producer Sean "Puff Daddy" Combs for $12 million to act as a personal mansion. It seems Puffy never really settled in, and sold the place to Aion in 2004 for $14.3 million. Aion developed the building into three four-story condos, and tapped superbroker Dolly Lenz to sell them for between $12 million and $16 million. Aion ended up ditching Lenz when the quadruplexes failed to sell, had designer Eric Cohler reconfigure them, then tried to rent them for between $32,000 and $40,000/month. Aion's now seeking a new way to remake the building (they already changed the address from 813 to 807 Park Avenue, so that's out of the picture.) Their pitch to enlarge the building an additional 30 vertical feet and reconfigure the interiors into two triplexes and three duplexes has already been squashed. What they will present today in front of the LPC may be a variation on that plan.
· Another day, another plan for 807 Park [TRD]
· All 807 Park Avenue coverage [Curbed]