255 East 77th Street Update 05/28/24

Foundation Work Progresses for $236M Tower Project in Lenox Hill

General contractor, , and subcontractor, Casino Concrete, are currently forming the foundation of a 33-story, residential tower project, going up at 255 East 77th Street in Manhattan's Lenox Hill neighborhood.

Developed by , the new building is set to contain luxury condo units. Plans also call for square feet of ground-floor retail space, and an enclosed parking garage, with enough room for vehicles. Tenant amenities are to include a swimming pool, a fitness center with a yoga studio, a treatment room with a sauna, a roof deck, a resident lounge, and a mailroom.

Designed by Robert A.M Stern Architects (RAMSA), with Hill West serving as the architect of record, the tower will stand feet tall and total square feet. In December of last year,   secured a $236 million loan for the project. Issued by J.P. Morgan, this influx of capital is being used to fund all construction costs from the ground up. Construction is anticipated to finish by the fall of 2026.

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