Vacant Six-Story Building Being Converted to Residential, 175 Franklin Street, Tribeca

175 Franklin StreetCurrent-day 175 Franklin Street, image via Google Maps

Commercial Observer reports that owner Bahram Benaresh plans to convert the currently vacant six-story building at 175 Franklin Street, in Tribeca, into luxury residential units with ground-floor retail space. Industrial and Commercial Bank of China has refinanced a $10.3 million loan for the property, and a construction time has not been disclosed.

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TFC Horizon