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Upper East Side corner being razed for new 18-story condo

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Demolition is underway at the site to make space for the forthcoming structure

Its been more than three years since plans for a condo and retail building at the corner of 86th Street and Lexington Avenue on the Upper East Side first surfaced. While there hasn’t been much news from the site, progress has been being made on the site all the while.

Work on the project is beginning to pick up speed with demolition now underway on the two low-rise commercial buildings that currently occupy the lot. According to The Real Deal, the project at 151 East 86th Street will now rise just 18 stories, down two floors from a 2015 report, and will offer 61 condos averaging 2,485 square feet each. The ground floor will give way to retail space.

No surprise here: The building is poised to have the same ol’ grouping of residential amenities, including a fitness center, children’s playroom, resident’s lounge, concierge service, and a rooftop lounge.

The HOK-designed building got its first renderings in 2015. It’s being developed by Ceruzzi Properties and Kuafu Properties, who just landed a $290 million loan for the project, and is expected to be complete in 2019.

The corner in question, before demolition.
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