For a while, he operated the Hudson Lounge at this location but in 2004 closed it to make way for a new condominium apartment project known as 116 Hudson, which includes the existing mixed-use structure at that address that dates to 1887 and the construction of an adjacent 7-story structure on an adjacent vacant lot.

Mr. De Niro is developing the project with AFC Realty Capital, of which Arthur Fefferman is president.

BKSK Architects has designed the project that preserves the red-brick façade of the smaller building and creates a very handsome, modern, all-glass façade for the taller structure. The combined buildings will contain only five residential units, each about 2,000 square feet, a duplex penthouse of about 3,000 square feet, and 4,000 square feet of ground-floor retail space. The new building will have integrated metal sunshades outside of the floor-to-ceiling windows. The lobby will have a curved wall and Jerusalem stone floors. The building features Siedle video security system, proximity-ready and key fob, private keyed elevator, individual private storage rooms, a part-time building superintendent, dual-zoned central air-conditioning system, woodburning fireplaces, Bosch dishwashers, and Subzero refrigerators.

The two-bedroom, two-and-a-half-bathroom units on floors 2 through 5 range in initial prices from $2,300,000 to $2,500,000 and the two-bedroom/Study and three-bathroom penthouse, which has 1,040 square feet of outdoor space, was priced at $4,200,000.

Stephen F. Byrns, Harry C. Kendall, George B. M. Schieferdecker and Joan Krevlin are the principles of BKSK Architects, which also designed the very handsome “Hubert” condominium apartment project in TriBeCA.

Mr. De Niro founded TriBeCa Productions in 1988 with Jane Rosenthal and in 2002 they founded The TriBeCa Film Institute that hosts the annual TriBeCa Film Festival with sponsor American Express.