The decayed urban treasure at 5 Beekman Street came back into the spotlight last year, thanks to Scouting NY. The brick and terra cotta structure, also known as Temple Court, has stood empty for a decade, only recently allowing models in for video and photo shoots as Bonjour Capital and the Chetrit Group have battled out the building's ownership in court. Consider all that 5 Beekman's warm-up: the property is officially in contract to hotelier Andre Balazs. The Daily News floated the rumor a few weeks ago, and now we have confirmation from Balazs' reps that he's planning to purchase the building (interior shots above, just because). Another source tells us Balazs?who is also taking over the Cooper Square Hotel?is still hunting for financing to complete the deal. Assuming it goes through, we could see this one being a neighborhood game changer. So what will Balazs do with the place? Let the speculation begin!
· 5 Beekman Street coverage [Curbed]