In February, public records revealed that Related expects to rake in $700 million from selling condos at 70 Vestry Street, the 14-story building under construction next to the West Side Highway in TriBeCa. Now, we have a slew of new renderings for the limestone-clad development.
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.
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.
The BKSK Architects-designed, Related-developed project at 456 Washington Street, in northwestern TriBeCa, is nearing the finish line. Listings launched this morning, and now we have exclusive new renderings of its amenities.
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.
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.