With the completion of the the Second Avenue Subway just around the corner (whoops, jinxed it, never mind), property sales and prices have taken off in the surrounding area of the Upper East Side within the past six months. Retailers and residential developers alike are getting in on the action. Extell Development recently restarted a long-stalled project on Third Avenue between 94th and 95th and Anbau Enterprises plans to build a huge SHoP-designed condo building on First between 88th and 89th. [Crain's; previously]
Filed under: