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Failed Tribeca Condo Building Goes to Rehab

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Here's something new for Tribeca residents to get worked up about that has nothing to do with piles of garbage: Drug rehab kingpins Hazelden is close to buying the bankrupt Tribeca 5 condo conversion at 283 West Broadway, and the nonprofit will turn the building into a sober house/post-treatment facility, Crain's reports. What was to be "European-inspired living, intelligent design and an unprecedented level of services and amenities" will instead house up to 30 recovering young adults ages 18-29, with the first floor and basement of the builing being used for substance abuse programs and meetings.

Work on the building is 80% complete, and Hazelden will pump about $2 million into finishing the job with hopes of opening the facility next fall. Hazelden officials will meet with Community Board 1 in January, and it'll be interesting to hear what the, er, feisty board has to say about the new neighbor. Meanwhile, for some reason there's still an active listing in the building, a $2.4 million loft billed as a "solid investment." After the jump, a look at a shattered luxury loft dream.

· Hazelden opening NYC's first sober house [Crain's]
· Listing: 283 West Broadway #3 [Elliman]