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Hines Swoops in From Houston to Revive 56 Leonard

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Following whispers of a comeback for 56 Leonard in late July, the Observer reports that Houston-based developer Hines, who's been steadily building its New York portfolio over the past 25 years, has taken a stake in the stalled Tribeca condo tower and plans to revive the Herzog & de Meuron design with few changes.

In addition to the old-school buildings Hines has developed across the city (Johnson's Lipstick Building, Lehman Brothers Time Square tower, I.M. Pei's "obsidian" 499 Park Avenue), they have worked with a veritable checklist of contemporary starchitect projects, from One Jackson Square by Kohn Pedersen Fox to both 40 Mercer and Torre Verre by Jean Nouvel.
· The Bespoke Builders: Hines’ Quiet Designs on New York [Observer]
· 56 Leonard and Other Stalled Projects Plan Major Comebacks [Curbed]
· 56 Leonard coverage [Curbed]