Projects could change 86th and Lexington

Construction is slated to begin this year on two developments that could help transform the area around the intersection of 86th Street and Lexington Avenue. Extell Development Corporation plans a glassy L-shaped building between 85th and 86th streets that will contain about 150 condos and 20 rentals. And the Related Companies and its partners plan a condo development on Third Avenue and 86th Street with about 25,000 square feet of retail space. more [NYT]