Increasing demand is driving fast developments of high-rise condos on the Upper East Side. It has been awhile already since taller condos cluster around 57th street and now, tall condominiums are also rising in other areas.
According to The New York Times, the latest high rise on the Upper East Side is a 48-unit condo built by DDG and Global Holdings that is said to stretch to 521 feet. The Council on Tall Buildings and Urban Habitat said that even though the latest high-rise development is nothing compared to those in the so-called Billionaire's Row, it is already significant in the area. That is already a good development considering that only around three dozens of buildings are 400 feet or a little higher are in the area.
DDG's chief executive, Joseph A. McMillan Jr., said that height is a major factor when it comes to making a sale. This is because it offers beautiful 360 degrees unobstructed views which are very saleable in the market. McMillan also pointed out that "this was not about building the tallest building we could possibly build. This is about building the best tower we can build in this location."
It has been reported that with DDG's latest development, they opted to skip the usual glassy exteriors and went for the standard ones using Kolumba bricks. One of its interesting features is the lobby that has "Wishbone-shaped arches." It was inspired by Spanish architect Antoni Gaudí. The "sky garden" on the 13th and 14th floors also has similar arches as well as the duplex penthouse on the top of the tower.
Basically, its finishes will have two to four bedrooms. As for its amenities, there will be a half-basketball court, playrooms for the kids and wine rooms.
The selling price of the condo is reportedly higher than the usual average price for a condo unit, but is not as pricey as those in the high-end market. Units with two bedrooms will start at $3.2 million, three bedrooms at $4.7 million and four bedrooms at $6.6 million as explained by McMillan.
