Brooklyn Developer Plans 33-Story Upper East Side Condo Complex

UPPER EAST SIDE, NY — Brooklyn-based developer CW Realty is planning to expand its business to the Upper East Side.

CW Reality is the lead partner of an investor group that purchased 355 East 73rd Street for $9.4 million in January, reported the New York Post. The deal is set to close next year, the Post reported.

The group is planning on eventually constructing a 33-story condominium building at the site, the Post reported. Plans have not yet been filed with the New York City Department of Buildings because the sale is not completed. The investor group is consulting HTO architects, the Post reported.

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Hillel Spinner, a spokesman for the project, told the Post, “We really believe in this neighborhood, it has everything going for it.”

One thing going for the area is the long-awaited opening of the Second Avenue subway line. The project will extend Q train service on the east side of Manhattan in Harlem, the Upper East Side, East Midtown, Gramercy Park, East Village, the Lower East Side, Chinatown and Lower Manhattan, according to the MTA's website. The planned condo complex will be located blocks from the proposed new 72nd Street Q station.

The sale of 355 East 73rd Street also means that longtime tenant Finnegan's Wake — an Irish pub — will be moving to a new location, the Post reported.

>>> Read the full New York Post report here.

[Photo: 355 East 73rd Street circa September 2015. Photo courtesy of Google Maps street view]