Ceruzzi Properties has topped out at 147-151 E. 86th St., its $415-million, 230,000-square- foot mixed-use development in partnership with Kuafu Properties. The 20-story condominium apartment building, which is being constructed by Gilbane, is situated at the epicenter of the Upper East Side.
“Lexington and 86th is the heart of the UES, and we are excited to bring to the neighborhood a building worthy of the location featuring a unique collection of condominium units plus retail,” said Ceruzzi president Art Hooper. “We look forward to joining our neighbors in this special community.”
With the concrete superstructure now complete, work has turned to installing the property’s stone and glass façade. Its 61 units, which average 2,300 square feet, will feature high-end finishes including Italian calacatta marble in the kitchens, master bedrooms and powder rooms.
Completion of 147-151 E. 86th is anticipated in 2019, with sales set to launch next spring.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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