Michael Heletz’s Excel Development has filed for permits for their new Kips Bay project located at 339-345 East 33rd Street. The project will rise 23-stories, 235’ tall, and will feature 173 residential units with over 8,821 SF SF of ground floor and cellar retail. The total development will span 151,569 SF with an average unit size of 711SF, indicating the residential portion will most likely be rentals. The project was designed by GF55 Architects. Excel Development began acquiring the assemblage in 2015 and have since applied for demolition permits for 339, 341, 343 and 345 East 33rd Street. No groundbreaking or expected completion dates have been announced as of yet.