Sleepy Hudson LLC has commissioned UN Studio to design a 20-story residential condominium apartment building at Five Franklin Place in TriBeCa.

The project is located at 371 Broadway on a block bounded by Broadway, Franklin Place and White and Franklin Streets.

It will have 55 apartments.

According to UN Studio's website, the project "pays homage to TriBeCa's iconic cast-iron aesthetic, with a facade constructed from reflective black metal bands of varying widths." "The metal bands twist like ribbons, wrapping Five Franklin Place with terraces and balconies, employing the decorative element as a functional tool," it added.

The project will have loft residences, city residences, and sky penthouses, "each with their own distinct architectural features," color palette and choice of materials, according to the website.

Franklin Place was featured in "The Talented Mr. Ripley," the movie, and "Men in Black," the movie.

According to the Department of Buildings, the project consists of a conversion of an existing 5-story commercial building and a "new vertical enlargement" that will be 210 feet high. The department's records indicated that the owner is Franklin Place LLC of which Leo Tsimmer and David Kislin are principals, who are also principals of Sleepy Hudson LLC, which developed the High Line 519 residential condominium building at 519 West 23rd Street that was designed by Lindy Roy.

UN Studio was founded in 1998 by Ben van Berkel and Caroline Bos and it was named one of ten most important current "tastemakers" in architecture in a March, 2007 article by Lisa Lerer in Forbes magazine.

Its projects include the Battersea Weave Office Building in London, the Music Theater in Graz, Austria, the Light*House in Aarhus, Denmark, the Mercedes-Benz Museum in Stuggart, Germany, the Groninger Forum in Groningen, The Netherlands, the World Business Centre in Busan, South Korea, the Ciudad del Motor in Alcaniz, Aragon, Spain, and the Auditorium della citta di Padova in Italy.