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346 Broadway: rendering by Beyer Blinder Belle, photograph by the author

Mixed Rulings for Conversion of 346 Broadway, TriBeCa

It was back in December of 2014 that the Landmarks Preservation Commission approved (on its second attempt) the residential conversion of the former New York Life Insurance Company Building, later a city office building, at 346 Broadway, in TriBeCa. However, in just the past two weeks, two rulings have come down that will impact the plan from developers Peebles Corporation and Elad Group, being marketed using the alternate address 108 Leonard Street.

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388-390 Greenwich Street

Citigroup In Contract To Acquire Their 39-Story, 2.7-Million Square-Foot Headquarters At 388-390 Greenwich Street, TriBeCa

In early 2015, renderings were revealed of the planned renovations at Citigroup’s headquarters at 388-390 Greenwich Street, in TriBeCa, and now the company is in contract to acquire the the 39-story, 2.7-million square-foot office complex. According to Real Estate Weekly, Citigroup will purchase the properties from SL Green Realty Corp. for $2 billion. The renovations include connecting the tower portion at 388 Greenwich to the 10-story structure at 390 Greenwich. The transformation will include a new façade on large portions of the existing buildings, a single lobby that serves both sections, plaza renovations, a rooftop terrace, and amenities like a fitness center. The sale is expected to close in December of 2017 and renovations should be complete by 2019.



11 Hubert Street

Plans For Five-Story, 20,000 Square-Foot Mansion Revealed At 11 Hubert Street, TriBeCa

Maya Lin Studio and Bialosky + Partners Architects are designing a five-story, 20,000 square-foot mansion at 11 Hubert Street, in TriBeCa, TribecaTrib reports. The building would be clad in metal, glass, and limestone, and features five bedrooms with typical residential accessories, a landscaped courtyard, and a 5,000 square-foot fitness center. The family for which the home would be built remains anonymous, but $15 to $16 million would be spent to develop the property. The site is located within the North Tribeca Historic District, so the Landmarks Preservation Commission would have to approve the plans. The existing three-story mixed-use structure would not be demolished, rather expanded and built upon.

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70 Vestry Street

Updated Look At 14-Story, 46-Unit Residential Project At 70 Vestry Street, TriBeCa

Last summer, YIMBY revealed the first rendering of Related Companies’ planned 14-story, 46-unit residential project at 70 Vestry Street, in TriBeCa. Changes have since been made to the design, and Curbed NY was the first to publish an updated image of part of the exterior, which will be clad in French limestone. Robert A.M. Stern Architects is designing, with Ismael Leyva Architects serving as the architect of record, and Daniel Romualdez responsible for the interiors. Last September, the developer secured $200 million in construction loans, and completion of the 154,019 square-foot project is expected in early 2018.