Construction Update: 5 Franklin Place

5 Franklin Place5 Franklin Place

Construction is making major headway at 5 Franklin Place which has nearly topped-out; as of January, the Tribeca building was just a stump. ODA is the project’s architect, and El Ad Group is developing.

Franklin Place

Franklin Place — images from ODA

5 Franklin Place will have 53 units, and sales have already been impressive; Curbed recently reported that only one residence remains, priced at $7.45 million. Per DOB permits — which indicate the structure is officially classified as a conversion and vertical enlargement — the building will stand 20 stories and 210 feet tall.

5 Franklin Place

5 Franklin Place

While the facade remains missing in action, renderings are promising. The portion of the structure that’s already been built adds to Broadway’s street-wall, and though the building’s mark on the skyline will be minimal, it will be attractive, and its contemporary appearance will contrast positively against its historic surrounds.

5 Franklin Place

5 Franklin Place

ODA is designing several projects in the vicinity, including 15 Renwick Street, but 5 Franklin’s most notable neighbor is Shigeru Ban’s Cast Iron House, where work is also underway. The Franklin Street corridor continues to emerge as a local hotspot, and pricing at both sites is astronomical.

5 Franklin Place

5 Franklin Place

Completion of 5 Franklin Place has been pushed back slightly, and new on-site signage indicates the building will be finished in February of 2015.

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TFC Horizon
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