News Summary
A redevelopment initiative is proposed for 831 Madison Ave. in NYC, aiming to transform the site into a 16-story mixed-use property. The current building may be demolished, and significant renovations are planned for adjacent buildings. While attracting interest from city officials and residents, concerns about future occupancy and preservation of the area’s historic character remain.
New York City – A prominent property located at 831 Madison Ave. on the Upper East Side is set for a potential redevelopment initiative that may involve the demolition of the current six-story residential-and-commercial building. This proposal seeks to transform the site into a new 16-story mixed-use property, attracting attention from both city officials and local residents.
The development plans were presented by historic preservation consultant Ward Dennis from Higgins Quasebarth & Partners to the city’s Landmarks Preservation Commission. The initiative also includes significant renovations to the three adjacent buildings at 833 and 837 Madison Ave., which embody late 1800s architectural styles, namely neo-Grec and Queen Anne. The owner of the properties, Myles Madison, is an independent firm linked to the Kriemler family.
In 2020 and 2022, Peter Kriemler, president of both Myles Madison and luxury fashion brand Akris, acquired the buildings for a combined price of $62.6 million. Situated within the historic district of the Upper East Side, the properties lie between East 69th and East 70th streets. While Akris currently occupies the retail space at 835 Madison Ave., the storefront at 831 Madison Ave. was previously taken by Akris Accessories, although it is currently vacant.
The proposed demolition will also involve the removal of four rental apartments located on the upper floors of 831 Madison Ave. The plans include a significant increase in height for the new building, with a structure envisioned to be 10 stories taller than the existing one. However, the specifics regarding the number of residential units and their classification as rentals or condominiums remain ambiguous.
As part of the redevelopment, the renovation will focus on reconfiguring and merging storefronts across neighboring buildings, which will enhance the commercial offerings in the area. This plan proposes to ascend three additional stories atop No. 833, which is currently a five-story mixed-use building.
Concerns have been raised about the future occupancy of the newly renovated retail space, notably whether Akris will continue to occupy it, as the company has not responded to media inquiries regarding their intentions. Historically, the previous rental units in the existing building were delisted; one notable unit, a four-bedroom apartment, previously sought a rent of $2,599 in 2021.
The application for redevelopment aims to not only amplify mixed-use offerings in the area but also to retain the historic character that the neighborhood is known for. As this proposal moves forward, it will face scrutiny from various stakeholders, including local residents and preservation advocates, who may have strong opinions about the balance between modernization and historical preservation.
As discussions surrounding the project unfold, the community will be watching closely to see how the plans might reshape the landscape of Madison Avenue and the surrounding vicinity.
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Additional Resources
- Crain’s New York: Four Upper East Side Buildings Could Get Makeover
- Google Search: Upper East Side real estate redevelopment
- New York YIMBY: Demolition Nears Completion for 625 Madison Avenue
- Wikipedia: Upper East Side
- News Journal: Low-Income Eligible for New Houses
- Encyclopedia Britannica: New York City
- New York YIMBY: Demolition Prep Underway for 655 Madison Avenue
- Google News: Madison Avenue real estate developments
- WFMJ: Mahoning County Granted $69M for Demolition
- Google Scholar: Real estate development in New York
Author: STAFF HERE NEW YORK WRITER
The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
