These are the details on Zeckendorf Development’s latest residential project

Development site of four townhouses acquired for $54M

TRD NEW YORK /
Aug.August 12, 2019 02:35 PM
113-119 East 55th Street and Arthur Zecekndorf of Zeckendorf Development (Credit: Meridian Investment Sales and Getty Images)

113-119 East 55th Street and Arthur Zecekndorf of Zeckendorf Development (Credit: Meridian Investment Sales and Getty Images)

Manhattan’s Midtown East neighborhood is getting a new high-rise from Zeckendorf Development.

Arthur Zeckendorf III filed an application on Monday for an 18-story, 62-unit residential building at 115 East 55th Street, a few blocks southeast of Central Park between Park and Lexington avenues.

The building is slated for about 60,000 square feet of residential space and will have a gym and rooftop terrace. SLCE Architects is the architect of record.

It was not immediately clear if Zeckendorf has a partner on the project. The Real Deal reported in 2016 that the project’s ownership entity, 113-119 East 55 Owner LLC, is controlled by financial consultancy Sabr Group.

That entity picked up the development site of four contiguous townhouses for $54 million in 2016.

Representatives for Zeckendorf and the Sabr Group did not immediately return requests for comment.

Zeckendorf is the firm behind the ultra-luxe 520 Park Avenue development, which sits about five blocks north of this East 55th Street project.

The new apartment complex also would not be too far from some supertall skyscrapers underway in Midtown East, which was rezoned by the City Council in 2017 to spur the development of millions of square feet of office space. JP Morgan Chase, for example, is building a 1,400-foot-tall office tower at 270 Park Avenue, and Vornado Realty Trust and Rudin Management reportedly are planning a 1,450-foot building at 350 Park Avenue.


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