The Real Deal New York

Upper East Side eateries make way for new development

Icon Realty Management bought six buildings that will likely be demolished
July 22, 2014 11:00AM

Multiple business on the Upper East Side are closing to make way for a new development.

Icon Realty Management bought six buildings on Second Avenue between 80th and 81st streets over the past seven years — spending a total of $44.8 million — and is expected to build a new high-rise there. Icon Realty purchased the air rights from another building on the block.

Johnny Foxes closed down Sunday. Chinese eatery Nancy Lee’s Pig Heaven and Mexican restaurant Cascabel Taqueria are closing too.

Icon Realty, which owns more than 1,800 apartments across the city, hasn’t yet applied for demolition or construction permits with the city. [DNAinfo] — Claire Moses