SkyscraperPage Forum

SkyscraperPage Forum (
-   Proposals (
-   -   NEW YORK | 368 Third Avenue | 388 FT | 34 FLOORS (

chris08876 May 19, 2016 11:29 PM

NEW YORK | 368 Third Avenue | 388 FT | 34 FLOORS
Itzhaki, Continental planning 34-story rental in Kips Bay


Itzhaki Acquisitions and Continental Ventures filed plans for a new 34-story rental building at 368 Third Avenue in Kips Bay, permit applications filed Thursday with the city’s Department of Buildings show.

The developers intend to build 103 units across 113,000 square feet of residential space at the property, though Itzhaki Acquisitions founder Erez Itzhaki said the building may hold up to 130 apartments. The plans call for two duplex apartments on the 32nd and 33rd floors. :cheers:

The SLCE Architects-designed project will also feature nearly 3,000 square feet of ground-floor retail space and amenities including a fitness room, lounge and children’s playroom, according to the filing.

Itzhaki and partner Continental Ventures, led by CEO Amir Chaluts and president Jane Gol, acquired the property at 360-368 Third Avenue, between East 26th and East 27th streets, for $50 million early last year. The site previously housed five contiguous rental buildings holding 53 units and seven ground-floor retail units.

Gol said the developers consider the Kips Bay neighborhood “one of the most conveniently located areas of the city,” with growing appeal among “young people and young families.”

chris08876 May 19, 2016 11:30 PM


13 Building Characteristics

Primary structural system: Masonry Concrete (CIP) Concrete (Precast) Wood
Steel (Structural) Steel (Cold-Formed) Steel (Encased in Concrete)

Structural Occupancy Category: II - OTHER THAN I, III OR IV
Seismic Design Category: CATEGORY B
2014/2008 Code Designations?
Occupancy Classification: R-2 - RESIDENTIAL: APARTMENT HOUSES Yes No
Construction Classification: I-B: 2 HOUR PROTECTED - NON-COMBUST Yes No
Multiple Dwelling Classification: HAEA
Building Height (ft.): 388
Building Stories: 34
Dwelling Units: 103

Pre-Filed: 05/08/2016 Building Type: Other Estimated Total Cost: $0.00
Date Filed: 05/19/2016 Electronically Filed: Yes
Fee Structure: STANDARD
Review is requested under Building Code: 2014 Hub Job ‡: Yes
Job Description Comments

1 Location Information (Filed At)
House No(s): 368 Street Name: THIRD AVENUE
Borough: Manhattan Block: 882 Lot: 48 BIN: 1018146 CB No: 106
Work on Floor(s): CEL,ROF,PT1 001 thru 034 Apt/Condo No(s): Zip Code: 10016

chris08876 May 2, 2018 10:33 PM

Itzhaki and Continental scrap plans for Kips Bay tower, sell site for $64M: Israeli developer Minrav expected to proceed with resi project


Itzhaki Properties and Continental Ventures ditched plans for a Kips Bay rental tower in favor of selling the site to another developer for $64 million, sources told The Real Deal.

Minrav USA, the U.S. arm of Israel-based Minrav Development, closed Monday on the purchase of the development site at 368 Third Avenue, sources said. The site, which offers 116,000 buildable square feet, was delivered vacant.

Minrav is expected to follow through on the site’s approved plans, which called for a 34-story, 103-unit residential tower, sources said. :cheers:

The price comes out to about $550 per buildable square foot.

Erez Itzhaki, who runs his namesake firm alongside partner Gil Boosidan, and Continental Ventures, led by CEO Amir Chaluts and president Jane Gol, acquired the assemblage at East 27th Street for $50 million in 2015.

The firms hired SLCE Architects and filed plans in 2016, but did not break ground. They quietly looked to sell either the entire site or a stake in it.

PeterQM Aug 17, 2018 2:10 PM

NEW YORK - 368 Third Avenue
Sneak Peek at Minrav Development's Four Upcoming NYC Projects

chris08876 Aug 17, 2018 2:56 PM

Existing thread for this project:

Can a mod move the latest info posted into the existing thread.


Eidolon Nov 11, 2018 9:18 PM

Minrav lands $117M loan for planned Kips Bay resi tower
By Christian Bautista
November 08, 2018


Minrav Development landed a $116.7 million loan for 368 Third Avenue, a planned 35-story residential tower in Kips Bay.

Israeli financial firm Bank Leumi provided the new loan package, which consists of a $42.5 million acquisition mortgage, a $48.2 million construction loan and a $26 million project loan, according to records filed with the city Thursday.

Minrav acquired the development site, located near the corner of East 27th Street, for $64 million in May from Itzhaki Properties and Continental Ventures.

All times are GMT. The time now is 7:40 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.