The new Fifteen Laight Street to be brought to market by The Vanbarton Group with Gensler Architects leading the design (via JLL NY Capital Markets)
As reported by The Real Deal, the one time home of the Tribeca Film Festival is getting a remake to the tune of $141 million. The Vanbarton Group, which purchased 15 Laight Street in 2016, just acquired a sizable loan from the Paramount Group. The plan is to turn the 100,000-square-foot building into Class A office spaces.
The building exists at the intersection of Tribeca, SoHo, and Hudson Square, making it a perfect storm of real estate delectability. Globest
reported that Gensler
, the architecture firm behind Macklowe's Tower Fifth
https://www.gensler.com/projects/tower-fifth and the interiors of the New York Times HQ at 620 Eighth Ave, will be providing new building systems and designs, with the intention of acquiring a LEED Gold Certification. There will also be outdoor terraces on every floor, high-end finishes, and primo amenities such as shared indoor/outdoor spaces, and even an accessible rooftop terrace. Additionally, upper floor occupants will be treated to spectacular views of Midtown and the Hudson River. There will also be ground-floor retail.
Construction proceeding as of last September
Importantly, the building will have two entrances: a main one along Varick St overlooking Capsouto Park. and an exclusive one on St. John’s Lane. The latter affords potential tenants the opportunity to have a floor all to themselves, a private lobby that can be branded to suit the tenants' needs, and direct elevator access. Of course, if a buyer were so inclined, they could just have the whole building to themselves.
As for the Tribeca Theater, which was built in the early days of the Tribeca Film Festival , it was purchased by VE Equities and WhiteStar Advisors for $2.8 million before the property was sold off to Vanbarton. The property sits at the cusp of Tribeca and Hudson Square, the latter of which is set to welcome ABC Disney and Google as major tenants in the area.
As for the Tribeca Theater, which was built in the early days of the Tribeca Film Festival , it was purchased by VE Equities and WhiteStar Advisors for $2.8 million before the property was sold off to Vanbarton. The property sits at the cusp of Tribeca and Hudson Square, the latter of which is set to welcome ABC Disney and Google as major tenants in the area.
Google Earth aerial showing location of the building
via JLL NY Capital markets
Contributing Writer
Ben Kharakh
Ben Kharakh is a writer and comedian living in the New York City metropolitan area. His work has appeared in Vice, Fortune, and The Best of McSweeneys: Humor Edition by Vintage Press.
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