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.
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.
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.
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.
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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