133 East 55th Street
Update
08/16/24
Developers Land $52M Loan for Midtown East Condo Project
Joint developers, Rybak Development and BK Developers, have just secured a $52 million loan for a 19-story, mixed-use development, going up at 133 East 55th Street in Manhattan's Midtown East neighborhood. Issued by Emerald Creek Capital, this influx of funding will be used to tackle the project's construction.
The building will contain condo units (likely marketed towards luxury buyers), offered in one, two, and three-bedroom configurations. Plans also call for square feet of ground-floor retail space, a cellar level, a roof deck, and 1,256 square feet of community facility space.
Designed by , with Rybak also serving as the general contractor, the structure will stand feet tall and total square feet. The project is anticipated to complete by the winter of 2025. Prior to the start of construction, a 2-story retail building was demolished at the site in order to make way for the new development.
