The Real Deal New York

Anbau Enterprises taps SHoP to design Upper East Side rental

"Affordable luxury" residence is first of three company will build in the area
February 27, 2014 04:01PM

SHoP Architects will be designing Anbau Enterprises’ upcoming “affordable luxury” residential project at 1711 First Avenue on the Upper East Side.

Construction on the 150,000-square-foot development is slated to start later this year and finish in 2016.

While building plans have not yet been filed, the building is one of three pegged for redevelopment, as The Real Deal previously reported.

Anbau snapped up the property, along with two others at 1713 and 1915 First Avenue, for just over $33 million last year. Most of the site was previously been set to become condominiums, in 2008, before the economic downtown.

In 2011, owner Uri Foxbrunner defaulted on mortgages for two of the properties — at 1711 And 1713 First Avenue — and sold the third, at 1715 First Avenue, to a limited liability corporation for $5 million. [BuzzBuzzHome]Julie Strickland

  • guest

    Foxbrunner did not sell 1715…He never owned this building.
    He owned 354 E 89th, which contains many
    RS tenants that do not wish to sell.
    This project will have horrible access on First
    Ave., and will be located next to a nasty laundry that is open 24 hours. Luxury? Are you kidding?
    Good luck with the noise from the trucks on First.

  • DanKG

    Guest, 90% of the highrises in Manhattan are located on avenues. I think people are well aware that there are trucks on the avenues in Manhattan, and that if you want to live in Manhattan, you will have some street noise.
    Given the location, these will do quite well, and sell out quickly, especially if larger units for families. There’s almost no supply right now for new construction family-sized units in this part of Manhattan.