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Arrested Development

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Tribeca's infamous stalled site at 5 Franklin Place hit the auction block today, with one of the lenders, controlled by Israeli property firm Fishman Holdings, paying "slightly less" than the mortgage lien of $47 million for the 18,747-square-foot property. With Ben van Berkel's big, black, and bendy vision relegated to the dustbin of history, here's what we do know: luxury condos! What we don't know: the building height, number of units, or when construction will be jumpstarted. [The Real Deal; previously]

5 franklin place

5 franklin place, New York, NY 10013