Reported Sep 11, 2026 · Source: Commercial Observer
Multifamily developer LCOR bought 309 East 94th Street on the Upper East Side from Taconic Partners for $73 million, according to city records. The 87,000-square-foot assemblage between First and Second avenues was a life sciences site; Taconic and its JV partners bought it in 2021 with plans to build a Class A research lab. The price is a slight premium on the $70 million all-cash deal that transferred the site from the Karten family in December 2021.
Summarized from the article; the quoted lines below are from the article itself.
Read the full report at Commercial Observer. What the article says:
Taconic and its JV partners purchased 309 East 94th Street in 2021 with plans to construct a Class A research lab.
The developer sold 309 East 94th Street on the Upper East Side for $73 million, according to city records filed Thursday.
The sale of the 87,000-square-foot assemblage between First and Second avenues marks a slight premium on the $70 million all-cash deal that last transferred the site from the Karten family to Taconic and its joint venture partners in December 2021.
Multifamily Developer LCOR Buys Taconic’s UES Life Sciences Site for $73M
Taconic Partners has parted with another life sciences project in Manhattan.
Article date: 2026-09-11T11:20:47-04:00
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