Demolition Plans Filed For Buildings On UES Development Site

UPPER EAST SIDE, NY — Real estate developers filed plans with the city to demolish two adjacent low-rise buildings on and Upper East Side site targeted for a 30-story condominium development.

Development firm Continental Ventures requested demolition permits for 1297 and 1299 Third Ave. — located between East 74th and 75th streets — late last month, according to city records. The five-story buildings occupy a site where Premier Equities and Thor Equities plan to build a 30-story condominium development, the Real Deal reported in 2017.

The development firms bought the properties in January of 2017 for $26 million, according to public real estate records. The transaction was the last in a series of deals that gave Premier Equities control of 1291, 1293, 1295, 1297 and 1299 Third Ave., the Real Deal reported.

Demolition plans have not been filed for 1293, 1295 or 1297 Third Ave. Developers are planning to use the air rights from those buildings for the development that will rise on 1297 and 1299 Third Ave., the Real Deal reported.

Construction plans for the condominium development have not yet been filed with the city Department of Buildings.

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