The 10-story residential building planned for 240 West Broadway in SoHo by Peter Moore has been acquired by the Vella Group, which has changed the project's original design of gray base with slit windows of varying widths and a light green setback to a red-brick building with consistent fenestration and corner windows.

FLAnk Architects remains the architect for the project according to an article by Carl Glassman today at tribecatrib.com

The project, the article said, "had stalled and languished at foundation level there until April, when developers Zachary Vella and Justin Ehrlich of the Vella Group took it over from developer Peter Moore for a reported $9 million."

The article said that the developers said the site was "the single best location of any new development in Tribeca." "It just feels like a neighborhood," said Vella in the article, adding that "there's nothing that feels large and commercial about it."

The building, which does not need Landmarks Preservation Commission approval because it lies just outside the historic district, will have two entrances on North Moore Street: one for a six-story townhouse on the west side of the building that will contain four bedrooms, five baths, a garage and a 1,210-square-foot courtyard; and the other for the building's six condominium apartments, one of which will be a triplex, 5,200-square-foot penthouse with four bedrooms, four baths and 2,500 square feet of outdoor space.

Also among the planned six condominiums is a three-story, 5,200-square-foot penthouse (four bedrooms, four baths, 2,500-square-foot outdoor space). The developers declined to speculate on the sale prices of their apartments.

The article indicated that the building is known now as 1 North Moore Street and is expected to be completed late next year. It added that the developers also took over another Moore project, a 9-story building at 471 Washington Street, that they expect to complete in the next 10 months.