Project Description
The proposed redevelopment of the Site will proceed in three phases and includes 588,236 gross square feet (GSF) of residential, 152,831 GSF of community facility space and 10,587 GSF of retail space, for a total GSF of 751,654. Each phase of the Site redevelopment corresponds to the construction of a building, the buildings are designated as Building A, Building B and Building C. Building A, located on Madison Avenue and East 112th Street, will consist of a 35-story tower with a GSF of 372,102. Building B, located along East 112th Street, will consist of a 13-story building with a GSF of 294,205 and will hold much of the community facility space. Building C, located along East 111th Street, will consists of a nine-story building with a GSF of 87,856. The three buildings will be interconnected with a raised courtyard, which will be built over the Building B community facility space. The aforementioned community gardens will be relocated and reincorporated into the project. Buildings A and B will contain cellars and the estimated depth of excavation will be approximately 15 feet below grade. The first phase of construction is anticipated to start in December 2018, with the construction of Building A, the second phase of construction is anticipated to begin in June 2019, with the construction of Building B and Building C construction is anticipated to begin in December 2019.