A new residential/commerical tower being erected by Alchemy-ABR developers is now expected to reach 30 stories, according to <a rel=nofollow href=https://alchemy-properties.com/wp-content/uploads/2025/09/9.25.25_NewYorkYIMBY.pdf>Newyorkyimby.</a> The original plans filed with the Building Department had reportedly called for 28 stories.
A new residential/commerical tower being erected by Alchemy-ABR developers is now expected to reach 30 stories, according to Newyorkyimby. The original plans filed with the Building Department had reportedly called for 28 stories. ( Photo: Artist rendering Hill West)

A projected 30-story tower now under construction replaces a four story mixed use residential/commercial building and an adjoining three-story medical clinic. Both buildings were demolished last summer to make way for the new high-rise.

First Avenue Tower Rises in Lenox Hill, Draws Local Ire
18 Jun 2026 | 12:37
News

A new 30-story tower now under construction on the corner of East 77th Street and First Ave. promises to contain 18 affordable rent stabilized apartments in an 89-unit rental building.

But to some local residents, the orange fencing and sidewalk shed outside 1482 First Avenue have become a daily reminder...

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