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Forget those auction plans for 5 Franklin Place, the stalled Tribeca tower designed by Dutch starchitect Ben van Berkel. Shortly after announcing the mortgage clearance sale, Procida Advisors has called it off after entering into a contract to sell the loan. Reps won't identify the buyer, nor the immediate plans for the site, so we'll make up our own scenario: Donald Trump is turning it into the world's biggest In-N-Out. UPDATE: Billy Procida tells Crain's a foreign buyer is taking the site, but he didn't mention anything about animal-style burgers. There's still hope! [CurbedWire Inbox]

5 franklin place

5 franklin place, New York, NY 10013