A conversion of 11 Beach Street, a 122,000-square-foot office building that's about to embark on a new life as luxury condo units, has been in the cards for a while, and now it's officially getting underway. A press release informs us that developer HFZ Capital Group has taken on some construction partners and "has commenced pre-development planning for the proposed conversion," which "will utilize the existing structure, re-coring the building for optimal residential use." A pretty standard conversion, in other words. The 10-story building, built in 1900, sits on an L-shaped lot that occupies Varick Street and St. John's Lane as well as Beach Street. No word on pricing yet (our guess: high), but Elliman is already on board for the marketing. Has anyone heard more about the plans for 11 Beach? Please don't hesitate to share.
?Building photo via PropertyShark.
· Conversions coverage [Curbed]