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Restored lofts and glittering new condos alike have transformed Tribeca's residential landscape. (View from The American Thread Building, #4B/5B - Brown Harris Stevens) Restored lofts and glittering new condos alike have transformed Tribeca's residential landscape. (View from The American Thread Building, #4B/5B - Brown Harris Stevens)
This year’s Tribeca Festival begins on Wednesday, June 7 and will run through Sunday, June 18. Twenty-one years after it began with a lineup of 150+ films and a dozen panels, this year’s event will present an impressive slate of feature and short films, TV shows, podcasts, games, immersive experiences, music performances, and panel discussions. Capping it all off will be a closing gala presentation of A Bronx Tale, the directorial debut of Tribeca Festival co-founder Robert De Niro. Mr. De Niro and producing partner Jane Rosenthal founded the Tribeca Festival in the months following the 9/11 attacks to breathe new life into the Lower Manhattan cultural scene.
The 9/11 attacks disrupted life in Lower Manhattan amidst an early residential renaissance for Tribeca. Starting in the 1970s, artists began using the abandoned commercial buildings and warehouses as studios and live/work spaces; it attracted the likes of Andy Warhol, Jean-Michel Basquiat, Keith Haring, and James Nares during this time. A short time later, The American Thread Building led the way for industrial buildings to become expansive apartments with original architectural features that would prove highly coveted.

“Some people say, ‘New York’s a great place to visit, but I wouldn’t want to live there.' I say that about other places” – Robert De Niro

Today, it is hard to imagine that Tribeca was ever in less than high demand. Before the Tribeca Festival was ever conceived, Mr. De Niro was at the helm of Nobu’s celebrated New York branch and Tribeca Grill, two popular restaurants that ushered in a robust dining scene; more recently, he added Locanda Verde and The Greenwich Hotel to his local portfolio. His influence on the area is such that the city suggested naming the northeast corner of Franklin and Greenwich Streets Robert De Niro Way, but Manhattan’s Community Board 1 shot that down in March 2023.
Mr. De Niro is far from Tribeca’s only proponent. Designers and developers have added such imaginative and luxurious new buildings as 56 Leonard Street, 111 Murray Street, and The Four Seasons Private Residences to the local skyline and streetscape. Meanwhile, the industrial-to-residential conversions continue: Closings recently commenced at 67 Vestry Street, a loft building where Andy Warhol once had a studio, at an average price of $3,103 per square foot. This is not surprising: CityRealty listings put the median price of a Tribeca condo at $4,250,000; while co-ops typically offer something of a price respite in many other parts of the city, Tribeca's are very close behind with a median price of $4,195,000.

Greenwich Court, #5L (Douglas Elliman Real Estate)

450 Washington Street, #1404 (Corcoran Sunshine Marketing Group)

56 Leonard Street, #16AEAST (Compass)

1 Hudson Street, #5 (Douglas Elliman Real Estate)

101 Warren Street, #7L (Douglas Elliman Real Estate)

250 West Street, #5E (Douglas Elliman Real Estate)

Franklin Place, #10A (Brown Harris Stevens Residential Sales LLC)

The Cobblestone Lofts, #4C (Douglas Elliman Real Estate)

51 Walker Street, #PH (Douglas Elliman Real Estate)

The American Thread Building, #4B/5B (Brown Harris Stevens Residential Sales LLC)

66 Reade Street, #PENTHOUSE (Douglas Elliman Real Estate)

111 Murray Street, #33W (Keller Williams NYC)

54 Warren Street, #PH (Corcoran Group)

The Four Seasons Private Residences, #67A (Compass)

452 Greenwich Street, #Building (Compass)

145 Reade Street, #Building (Compass)
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Content Specialist Michelle Mazzarella Michelle is a contributing writer and editor for real estate news in New York City