The developers of a 62-story, 139-unit mixed-use tower at 101-111 Murray Street, in Tribeca, have reportedly found financing, valued in the hundreds of millions, from a Chinese insurance company. YIMBY confirmed in March that 111 Murray Street will rise 857 feet tall, but first revealed the design in June of 2014. Witkoff Group and Fisher Brothers are developing; Kohn Pedersen Fox is designing. The site’s predecessor has now been demolished, and completion is expected in 2017.
Per The New York Times, Sorgente Group is converting the five-story commercial loft building at 60-66 White Street, in Tribeca, into eight luxury units. Interior work is underway, and the building will be renovated to environmentally friendly standards. Multiple units are already in contract, and completion is expected by 2016.
The Calicchio family is marketing the five-story, 41,000 square-foot parking garage at 56 North Moore Street, in Tribeca, as a redevelopment site for $88 million. The property comes with an additional 3,000 square feet of air rights, per The Real Deal, and the garage would probably be converted into luxury residential units. Avison Young is marketing the property.
Cape Advisors has acquired an assemblage of six buildings on West Broadway between Warren and Murray Streets, in Tribeca, for $50 million. The new owner is planning to demolish the existing properties for a condominium building measuring 46,000 square feet. Cushman & Wakefield marketed the property, and the deal broke $1,000 per square-foot, per Crain’s Business.
Commercial Observer reports that owner Bahram Benaresh plans to convert the currently vacant six-story building at 175 Franklin Street, in Tribeca, into luxury residential units with ground-floor retail space. Industrial and Commercial Bank of China has refinanced a $10.3 million loan for the property, and a construction time has not been disclosed.
Curbed has revealed renderings for the 10-story, seven-unit condominium building at 465 Washington Street, in northern Tribeca. The building will meet Passive House standards, and Zakrzewski + Hyde Architects is developing and designing. The project is an expansion of the old five-story building and has been planned for a few years.
Applications have been filed for an eight-story, 100-key hotel — the rooms split between roughly 66,000 square feet — at 456 Greenwich Street, in Tribeca. Western Heritable Investment Company, Caspi Development and Barone Management are the developers, and the entire building will span 102,000 square feet, with the SBJ Group designing.
Some big changes are coming to a TriBeCa building, thanks to approval from the Landmarks Preservation Commission. On Tuesday, the LPC approved a proposal to modify the five-story building at 71-73 Franklin Street, just off Broadway. The building dates back to 1861 and will be converted from its original form – an Italianate/Second Empire loft building – to residential use. There will be six units, plus ground floor retail.
111 Murray Street’s progression from old college building to development site took place relatively quickly, and while the ultimate tower will not have a spaceship perched at its top, it will be very tall and very…
With demand for storing humans in New York far outpacing demand for storing cars, parking garages throughout Manhattan are being converted into dwellings. One such project is located at 24 Leonard Street, between West Broadway and…