Slate Property Group and Avenue Realty Capital have acquired 45 White Street, a seven-story multifamily rental building in Tribeca, Manhattan, marking the partnership’s second acquisition in the neighborhood within the past six months. The partners purchased the 33,500-square-foot property from Benchmark Real Estate Group for $32 million, with financing provided by White Oak Real Estate Capital.
Permits have been filed for a nine-story mixed-use building at 249 West Broadway in Tribeca, Manhattan. Located between Walker Street and White Street, the lot is near the Franklin Street subway station, served by the 1 train. Amit Khurana of Sumaida+Khuranais listed as the owner behind the applications.
Work is wrapping up on The Village West, a 13-story residential building at 525 Sixth Avenue in Manhattan’s West Village. Designed by BKSK Architects and developed by Izaki Group, the 145-foot-tall structure will span 123,000 square feet and yield 68 condominium units and two ground-floor storefronts. The property is alternately addressed as 100–106 West 14th Street and located at the corner of West 14th Street and Sixth Avenue, just below the border with Chelsea.
The first renderings have been revealed for the office-to-residential conversion and expansion of 101 Franklin Street, a 17-story building in Tribeca, Manhattan. Designed by Steven Harris Architects and developed by Skylight Real Estate Partners, Cannon Hill Capital Partners, and TPG, the project will add four floors to the existing superstructure, bringing it to 21 stories and 304 feet tall. The expanded building will span 251,000 square feet and yield 72 condominium units, as well as 2,654 square feet of retail space and 15 enclosed parking spots. Hill West Architects is the architect of record for the property, which is alternately addressed as 250 Church Street and located between Franklin and Leonard Streets.
Work is expected to begin later this month on the office-to-residential conversion of 61 Broadway, a 33-story tower in Manhattan’s Financial District. Designed by CetraRuddy and developed in a joint venture between RXR and One Investment Management, the project will yield 796 rental apartments, with roughly 200 set aside for affordable housing, along with 40,000 square feet of amenities. The 670,000-square-foot building was originally designed by Francis Kimball in 1913 for the Adams Express Company and is bounded by Exchange Ally to the south, Broadway to the east, and Trinity Place to the west.
