Spruce Capital Partners returns to UES with resi building

Property will have 15 units, most of which will occupy entire floors

New York /
Jan.January 04, 2019 01:30 PM

323 East 79th Street (Credit: Google Maps)

Spruce Capital Partners got a taste of the Upper East Side five years ago with a condominium on 78th Street, and it’s back in the neighborhood with another project.

The developer on Friday filed plans for a new 35,000-square-foot, 17-story residential building at 323 East 79th Street. It will house 15 units, most of which will occupy either a full floor or two floors, which suggests another condo.

Spruce Capital did not immediately return a request for comment.

In 2014, it launched sales at 151 East 78th Street, a 14-unit luxury development with a sellout of $179 million. All of the units sold.

Spruce Capital picked up the site on 79th Street — a four-story commercial and office property — in 2017 for $12.75 million. The seller was the First Hungarian Literary Society of New York.


Related Articles

arrow_forward_ios
(Photo illustration by The Real Deal)

This office redeveloper is going all in

This office redeveloper is going all in
(iStock)

Homebuilder sentiment falls for second month in a row

Homebuilder sentiment falls for second month in a row
Clare Newman with Governors Island (Credit: Governors Island, Getty Images)

Governors Island redevelopment opposed as excessive

Governors Island redevelopment opposed as excessive
(iStock)

Homebuying up again, but rising mortgage rates depress refinancing

Homebuying up again, but rising mortgage rates depress refinancing
Ziel Feldman with 150, 152 and 154 East 79th Street, and 1131 and 1135 Lexington Avenue (Getty, Google Maps)

HFZ, Ziel Feldman sued for default on Upper East Side loan

HFZ, Ziel Feldman sued for default on Upper East Side loan
The two most expensive contracts signed last week were condos at One Prospect Park West. (Douglas Elliman)

Brooklyn luxury market roars back to life

Brooklyn luxury market roars back to life
Fidelity’s Raymond Quirk (iStock)

Title insurers launch new closing tools as homebuying rises

Title insurers launch new closing tools as homebuying rises
Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...