Parts of a city block on the upper east side of Manhattan in New York reportedly have been targeted for demolition by a developer with new plans for the site.
Both the New York Post and Patch.com have reported the intended project has been planned for a stretch of Second Avenue near E. 72nd Street.
“A half-block chunk of the Upper East Side is set to be knocked down, and a high-rise building will likely be built in its place,” writes the Post in a March 29 online item.
The media reports point to the New York-based Chetrit Group as the current owner of the land to be redeveloped. The Commercial Observer website describes Chetrit Group as a “major player in real estate,” listing examples in both New York and Chicago.
The structures at Second Ave. and E. 72nd facing demolition are described by the Post as including “a five-story building containing 28 apartments and a variety of commercial [that] have all closed since the end became imminent.”
Despite the pandemic and a soft commercial real estate market in New York that has followed, demolition and construction activity remains ongoing in Manhattan.
Last December, another stretch of Second Avenue about a dozen blocks from the Chetrit project also was being proposed for demolition, according to Patch.com.
Earlier this year, demolition activity on a project in Midtown Manhattan was temporarily halted after a fire broke out at the site.