Principals of Blue Talon acquired 88-90 Lex as part of a portfolio transaction that closed in December 2013. Acquired as two separate properties, both 88 and 90 Lexington Avenue had previously operated individually as rental buildings totaling 251 market rate units and 31 rent regulated units at the time of acquisition. Post acquisition, Sponsor and its team of design professionals repositioned each building as two combined luxury condominium towers consisting of 121 luxury residences — plus over 10,000 sf of amenity space — that collectively sold out for ~$350 million.