Two years ago, real estate investment firm Cape Advisors paid $78 million for a collection of warehouses on Charlton and Greenwich Streets, in the recently rezoned swath of western Soho known as Hudson Square. Now they’ve filed applications to erect a 27-story residential building there at 110 Charlton Street.
Cape Advisors shelled out $50 million for six buildings in Tribeca last year. On Wednesday, they filed plans to erect an eight-story condo building at 75 West Broadway, on a site that stretches a full block between Warren and Murray streets.
Last fall, YIMBY brought you the first partial renderings of Cape Advisor’s planned 12-story, 23-unit condominium building at 30 Warren Street, in TriBeCa, and this past Christmas, the New York Times revealed a complete rendering. Being designed by Post-Office Architetes, the project will have units ranging from one- to three-bedrooms, measuring roughly 1,000 to 2,700 square feet, respectively. Eight of the condos will feature private outdoor space. Additionally, retail space will measure 5,578 square feet on the ground floor, and completion is expected in the summer of 2017. An existing five-story, block-long building will have to be demolished.
Cape Advisors has acquired an assemblage of six buildings on West Broadway between Warren and Murray Streets, in Tribeca, for $50 million. The new owner is planning to demolish the existing properties for a condominium building measuring 46,000 square feet. Cushman & Wakefield marketed the property, and the deal broke $1,000 per square-foot, per Crain’s Business.
Growth in Tribeca has been on a tear lately, with two residential skyscrapers under construction on Church Street (56 Leonard and 30 Park Place) and countless other projects scattered throughout the increasingly elite downtown neighborhood, to say…