Euro Properties has released more intel on its luxury condominium tower at 118 East 59th Street.
Permits filed in September call for a 38-story building with 29 units. The residences will be a mix of one- and two-bedrooms, plus two duplexes and a triplex penthouse. The project will be anchored by a three-floor retail condominium at the base. Soo Khian Chan of SCDA Architects is designing the tower; SLCE is the architect of record.
Brown Harris Stevens Development Marketing will be the exclusive marketing and sales agent for the building.
The Rudd family sold the development site to Euro for $49 million, The Real Deal reported. The 5,025-square-foot lot is home to a four-story retail and office building. Property records indicate that Euro paid $6.18 million for development rights and a light, air and views easement from the owner of neighboring 116 East 59th Street.
Founded by Que Yau Neo, Euro is a Hong Kong-based property development and investment firm focusing on luxury residential, commercial and hospitality projects in major cities. The company has residential development holdings in the northeast US, including properties in Connecticut, Long Island and Manhattan.