Having already placed the construction fences on the site, the new residential tower at 501 East 74th Street is on the corner of York Avenue and 74th Street and is sponsored by Sky Management, which is represented by Benjamin Ohebshalom. Slated to sit at 71,703 square feet, this building will stand 205 feet tall, with 20 stories and 80 residences. The architect on this project is the Stephen B. Jacobs Group.
Currently it is undisclosed whether this tower will be for condos or rental units, but the average unit size is expected to be around 860 square feet. From the rendering, the top of the building looks as if it will house an expansive multi-story penthouse.
The building’s renderings show a fairly upscale-looking beige stone structure mixed with large glass windows, and balconies on at least two sides–some seeming to be full balconies and others Juliette.
From a transportation standpoint, the location is somewhat remote, sitting several blocks from a subway station, although after the Second Avenue subway opens that will change.