E 86th St. New Development
A: As seen on Curbed.com, here is a preview of what is to come on the corner of 86th Street & Lexington. This project is being developed by Extell Development Company.
Reports are that the developer is in talks with a major bookseller and clothing retailers to lease out the retail space. With Barnes & Noble on 86th between 2nd & 3rd, I would expect Borders to be the new bookseller. As for clothing retailers we already have Banana Republic, Gap, Victoria Secret, Ann Taylor, Bebe, and Club Monaco right around there. So what is to come is surely to be a big name.
As reported in the NY Times:
Construction is expected to begin this year...On Lexington Avenue, the Extell Development Company plans to demolish the tenements to develop a glassy L-shaped building that will fill the block between 85th and 86th Streets and extend east along the south side of 86th Street, occupying about a third of the block. The project will contain about 150 condominiums (some with as many as five bedrooms) and 20 rental apartments.
~ Successors to Sauerbraten and Strudel on E. 86th
~ Gentrification Arrives at a Crossroads in Yorkville