Mario Procida and Louis Greco are buying the 15-story office building at 90 William Street from Joseph Moinian for about $32 million and plan to convert it residential condominiums.
The building, which is located at the southeast corner at Platt Street, was erected in the late 1960s and has excellent light looking north and fine morning light from the east.
Mario Procida told City Realty.Com today that "the game plan is ultimately 128 residences" and that he "expects construction and sales to begin "late this year or the first quarter of 2006." He said that the development is currently in the design phase and that the plan is to vacate the building and make eight units per floor.
Mayor Rudolph W. Giuliani was joined February 11, 1997 by members of the Alliance for Downtown New York and the owners of this building and five other downtown properties "located in the original heart of Manhattan" to launch a marketing campaign for the Plug 'n' Go program, an initiative that added 120,000 square feet of Internet-ready space to New York City's thriving Information Technology District, known as "Silicon Alley."
The building, which is located at the southeast corner at Platt Street, was erected in the late 1960s and has excellent light looking north and fine morning light from the east.
Mario Procida told City Realty.Com today that "the game plan is ultimately 128 residences" and that he "expects construction and sales to begin "late this year or the first quarter of 2006." He said that the development is currently in the design phase and that the plan is to vacate the building and make eight units per floor.
Mayor Rudolph W. Giuliani was joined February 11, 1997 by members of the Alliance for Downtown New York and the owners of this building and five other downtown properties "located in the original heart of Manhattan" to launch a marketing campaign for the Plug 'n' Go program, an initiative that added 120,000 square feet of Internet-ready space to New York City's thriving Information Technology District, known as "Silicon Alley."
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Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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