Renderings courtesy of StreetsenseLeasing has launched at one of the few new rental buildings on the Upper East Side. Developed by Alchemy-ABR Investment Partners and designed by Hill West Architects, the project aims to fill what the developer describes as a shortage of spacious, high-quality rental apartments on the Upper East Side, amid a Manhattan rental vacancy rate of just 1.49 percent. “Residents will enjoy thoughtfully designed, light-filled residences, private amenities, and access to one of Manhattan’s most safe and sought-after neighborhoods.” The residences feature oversized windows, recessed LED lighting, large walk-in closets, and in-unit washers and dryers. Manhattan’s already tight rental vacancy rate fell from 1.57 percent in May to 1.49 percent in June.