A new 20-story building is rising at 5 Franklin Place — dubbed ‘Franklin Place‘ — and work is well underway; the site’s developer is the El Ad Group, and the architect is ODA. The project underwent several major revisions before construction began, with previous designs by Ben Van Berkels and Richard DeMarco ultimately shelved. As construction was slated to begin during the recession, the delay is understandable.
The building’s urban form will be contextual, and Franklin Place will fit into its surroundings without any fuss. ODA’s design bridges custom brickwork with a gridded facade to create a modern take on a traditional masonry structure. The detailing harkens to Tribeca’s historic roots, and will anchor the design into the neighborhood landscape.
Franklin Place is nearly sold out; as of July, 80% of the 53 units were already gone. The Tribeca Citizen had an update on the site roughly one year ago, and the changes since have been significant. Besides the rise of the actual building, the ‘Wild West’-esque remnants of the previous facades have also disappeared. Renderings do not indicate that they will return, but the new design is a superior replacement anyways.
Completion of Franklin Place is expected this year.
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