Rendering via Toll Brothers
Midtown East’s The Sutton by Toll Brothers City Living has pushed out a new teaser site.
Located at 959 First Avenue off East 53rd Street, the building will offer studio to four-bedroom condominiums. Sales are scheduled to start in early 2015. The 113 “modern vintage” residences will be priced from approximately $850,000 to more than $6 million, according to the official site.
The condo offering plan was accepted in December 2014, with a current total price of $271.6 million.
Curbed gives a little history on the site: Back in 2010, the Alexico Group proposed a 161-unit luxury rental project, with plans for the first rooftop movie screening facility in the city. The developer ran into money troubles, the parcel went into foreclosure and Toll Brothers picked up the land for $64 million in 2013.
Permits were filed November 2013 for a new 30-story building with 187,558 square feet of residential space and 9,569 square feet of retail. The architect of record is Goldstein, Hill & West. Amenities will include a courtyard, lounge, bike storage and children’s playroom, according to the Schedule A filing.
The building was about halfway to its final 333-foot height in late October, according to NY YIMBY.
The development is scheduled for completion in 2016.
