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L to R: A reclad 250 Church Street and rendering of 14 White Street via Tribeca Citizen L to R: A reclad 250 Church Street and rendering of 14 White Street via Tribeca Citizen
Yesterday, two new condo developments were revealed in Tribeca. First up, we have 14 White Street. Local newspaper Tribeca Citizen, provided the first look at a pint-sized condo building planned for the corner of Sixth Avenue and White Street. By way of an advisory meeting with the Landmarks Committee of Community Board 1, the paper revealed that developer/ architect NAVA, working with DXA studio, is seeking to build a 7-story, 10-unit building at the site. The paper says, the building will meet Passive House standards and will be clad in a bronze rainscreen, etched with acid, to create a mesh-like pattern.
14-white-street-3 Before and after Sixth Avenue Extention through Tribeca and Soho
The project’s acutely-triangular site is a result of the frayed edges caused by the southern extension of Sixth Avenue in the 1930s. The building will rise to seven floors, within the 85-foot height allowed for the lot. Citing the lot’s restricted geometry and the subway that runs alongside, the developer is asking for a variance from the city to increase the project’s floor area ratio (FAR). The design will need to be approved by the Landmarks Preservation Commission before the Board of Standards and Appeals and City Planning can deliberate the merit of the variance. Additional details can be found in the Tribeca Citizen article.
 
 
 
 
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The second new Tribeca project is a redevelopment of a 1950s-era office building at 250 Church Street, aka 101 Franklin. The building is located directly north of Herzog & de Meuron’s 56 Leonard and spans the full Church Street blockfront between Leonard and Franklin streets. 6sqft reported early last year that the building’s prior owners were planning to upgrade the commercial building upon the vacancy of the city’s Human Resources Administration/ Department of Social Services (HRA/DSS). Now, after a fallout with the building's partnership of owners, the Real Deal reports the project has switched gears to residential.
250-Church Rendering via Avvison Young
250-Church-Street Conceptual rendering of 250 Church Street via RKF
A building application was filed yesterday to carve out 105 apartments from the 205,000 square foot building. Handel Architects are listed as the applicants of record and the building will add two floors to its existing 15. Per the floor schedule, there will be many outdoor terraces and a top-floor dedicated to amenities. It appears that RKF has been tapped to lease the low-floor retail spaces. Renderings show the existing “drab” façade will be replaced by larger windows framed by gray and white spandrels.
With its dearth of development sites and high absorption rates, Tribeca remains the most expensive neighborhood to buy in the city. The median price of available condos in the ‘hood now clocks in at $5.995 million or $2,439/ft2. Between the two developments, DDG Partners are gearing up to build a boutique condo at 100 Franklin Street.
Tribeca-condos Closing condo prices of Tribeca vs the Manhattan average; CItyRealty
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