Posted on May 16th, 2013

Is the concept of Midtown highrise living (a-la-One57)invading Eastern Tribeca? It appears so. Joining the sky-high condominiums of the Woolworth Building and 56 Leonard Street comes word that  Larry Silverstein has finally secured funding for his long-planned $950 million luxury high-rise in TriBeCa: The 82-Story Robert A. M. Stern-designed tower will house a Four Season’s Hotel as well as 157 (co-incidental?)condo units and is slated to break ground at 30 Park Place this fall.

Construction will last about three years on the 926-foot skyscraper, with its opening planned for 2016, according to the real estate legend who is responsible for the Freedom Tower and re-building of the World Trade Center site. Silverstein first announced plans for this project in 2008, but then known by its 99 Church St. address, stalled after the financial crash. The property, set to include 185 rooms for the hotel, as well as 157 private residences, will also include a public plaza.

Tower 270, located at 2 70 Broadway at Chambers Street was certainly the pioneering building of the area, and offered apartments with panoramic views for the first time in Tribeca, an area known mostly for rehabilitated low-lying commercial buildings and lofts. We have two Steven Harris-designed penthouses listed in the building, and all of a sudden they appear priced in bargain territory.