At the bottom of Tribeca, on opposite sides of Park Place, two very different buildings continue to rise.
The first is Silverstein’s 30 Park Place, designed by Robert A.M. Stern, which will eventually stand 67 stories and 937 feet. The ornamentation follows the pattern set at 15 Central Park West: light touches around the entrance, and above, a facade that is stark and unembellished.
Cladding is making varying progress depending on the face, but the northern side has seen the façade rise a dozen or so stories above ground. While Stern managed to convince the Zeckendorfs of the benefits of limestone uptown, downtown Silverstein is going with cheaper pre-cast concrete panels.
In the foreground of the shot sits 19 Park Place, previously dubbed the Tribeca Royale, designed by Ismael Leyva and developed by ABN Realty. At 252 feet and 21 stories, it isn’t that tall, but its very small footprint makes it stand out: it sits on an elongated, 150-feet-deep through-block tenement lot, with just 25 feet of street frontage on either side.
Each resident of the 24 condos will have one of the massive circular balconies that define the project, and Curbed says asking prices will “center around $19 million.”
The lot was made possible by a rare combination of circumstances, and a building with such proportions is not likely to be repeated too many times nearby. The site sits outside of the core of the downtown central business district, so it was never joined with other lots for a skyscraper. But it’s also generously zoned, to a maximum floor-area ratio of 10, and lies outside of the historic and special use districts that blanket the rest of Tribeca and would prohibit such a tall, modern building.
Both projects will test the reach of the downtown ultra-luxury market, as Park Place sits outside of the most prime area, and the surrounding neighborhood arguably feels more like the Financial District or Civic Center than Tribeca.
Regardless, completion of 19 Park Place is expected by 2015, and 30 Park Place will wrap up by 2016.
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