Extell Development Company
Press Release

Contact:

Rubenstein Associates, Inc.
Anna LaPorte
212-843-8048
alaporte@rubenstein.com

FOR IMMEDIATE RELEASE

THE LUCIDA, UPPER EAST SIDE'S FIRST LEED-CERTIFIED
RESIDENTIAL GREEN BUILDING, LAUNCHES SALES

Renowned Architects Cook + Fox, Award-Winning Interior Designer S. Russell Groves, And Developer Extell Create A Smarter Kind Of Living With Stunning Condo

New York, NY (June, 2007) - The Lucida, the Upper East Side's first LEED-certified residential "green" building, will introduce a new breed of residences as it begins sales. Developed by Extell Development Company, The Lucida, located at 151 East 85th Street, will offer its residents a lifestyle that combines the prestige of the Upper East Side with the ultimate in modern amenities, as well as a high level of eco-conscious features - all creating a smarter kind of living.

"Extell has created an environmentally conscious building that in addition to offering high design, lavish amenities and exclusive features will provide its residents with a smarter and healthier lifestyle, " said Raizy Haas of Extell Development Company.

Designed by renowned architects Cook + Fox, the building's exterior reflects a spectacular vision of frit glass curtain wall, staggered with panels of opaque and semi-translucent glass. Grounded by a rusticated limestone base, every residence in the 21-story building offers a varied composition of daylight, views and privacy.

Award-winning architect and interior designer S. Russell Groves, whose credits include a successful history defining modern luxury for such clients as Giorgio Armani and Frédéric Fekkai, has designed a lobby replete with rich wood paneling, an elegant custom designed chandelier, and a 10-foot fireplace with leather surround.

All of the 110 luxuriously spacious homes designed by Groves, which range in size from 1,445-square-foot two bedrooms to 3,500-square-foot five bedrooms, feature gracious layouts that complement expansive windows and offer residents an abundance of natural light. The eight duplex penthouses at The Lucida will offer soaring double-height ceilings, fireplaces and large outdoor space boasting spectacular cityscape views.

Elegant kitchens will boast custom cabinetry, marble countertops and backsplashes, and state-of-the-art appliances by Miele, Bosch, Viking and SubZero. Well-appointed baths will feature polished Calacatta Oro Gold marble floors and countertops, cast iron soaking tubs and sinks with Kallista silver nickel fittings, as well as vanities made of ebonized maple and bamboo.

The Lucida's green environment will be enhanced by its exclusive amenities spaces. Located onsite, The La Palestra Fitness, Wellness and Spa Center will feature an indoor lap pool, whirlpool, sauna, steam and treatment rooms, as well as yoga and weight training facilities all designed by a unique collaboration between Groves and La Palestra wellness specialists.

The building will also offer residents an exclusive partnership with Kidville, NY that will include an onsite playground, free membership and classes at Kidville's East Side location. Other facilities will include a private lounge and game room, wine cellar, bike storage, and refrigerated lobby storage.

"This is a unique development to this neighborhood," said Anne Young of Corcoran Sunshine Marketing Group. "We believe that The Lucida has a special appeal to a sophisticated buyer. We are presenting a new way of living that offers modern design, large layouts and a complete lifestyle package in one of Manhattan's most prestigious neighborhoods."

Starting prices for the residences are $1,950,000. The Sales and Design Center is located at 1235 Lexington Avenue. Occupancy is slated for late 2008. For more information, please contact 212-585-1510 or visit the Web site at www.thelucida.com.