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Broad Street Development and TPG Angelo Gordon have announced plans to transform 139 Franklin Street, a 10-story historic building in the heart of Tribeca, into a boutique luxury condominium. Originally built in 1915, the brick and terra cotta building sits within the Tribeca West Historic District and features soaring 13-foot ceilings that promise light-filled, spacious interiors. The redevelopment will preserve the building’s historic façade while introducing modern, high-end residences within its original envelope.
This project marks the first residential venture under BSD’s new Broad Street Bespoke brand, which focuses on restoring architecturally significant buildings into refined, contemporary homes. The team behind the project brings deep experience in high-end condo development, with past successes like 40 Bleecker Street and 215 Sullivan Street. The project is designed to meet growing demand for design-forward homes with character and substance,
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In July 2025, Broad Street Development and private equity firm TPG Angelo Gordon closed on 139 Franklin Street, a Tribeca building used as a storage facility for decades, for about $44 million with plans for a residential project. The developer's portfolio includes 40 Bleecker Street in Noho, and the Tribeca building boasts soaring ceilings and abundant natural light that will be appealing in a residential conversion.
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