The Calicchio family is marketing the five-story, 41,000 square-foot parking garage at 56 North Moore Street, in Tribeca, as a redevelopment site for $88 million. The property comes with an additional 3,000 square feet of air rights, per The Real Deal, and the garage would probably be converted into luxury residential units. Avison Young is marketing the property.
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.
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.
Curbed has revealed renderings for the 10-story, seven-unit condominium building at 465 Washington Street, in northern Tribeca. The building will meet Passive House standards, and Zakrzewski + Hyde Architects is developing and designing. The project is an expansion of the old five-story building and has been planned for a few years.
Applications have been filed for an eight-story, 100-key hotel — the rooms split between roughly 66,000 square feet — at 456 Greenwich Street, in Tribeca. Western Heritable Investment Company, Caspi Development and Barone Management are the developers, and the entire building will span 102,000 square feet, with the SBJ Group designing.
