EXCAVATION BEGINS ON SITE FOR 35-STORY PROJECT IN KIPS BAY

The site of a new, 35-story mixed-use residential tower is now seeing excavation work, New York YIMBY reports. The project, at 368 Third Avenue in the Kips Bay neighborhood of Manhattan, is being designed by SLCE Architects. Plans call for a 388-ft-tall, 145,000-ft2 tower that includes 100 apartments. There will be 3,000 ft2 of retail space and amenities, such as a fitness room, residential lounge and children’s playroom on the ground floor. There will be three to four apartments on each floor from the third floor to the 25thfloor and two units each on the next six levels. The top two floors will house two penthouses. Completion is expected in fourth quarter 2021.