"East Tribeca" is a neighborhood that not only exists but is also booming, and the Journal is on it. Among the typical, telltale signs like twee food purveyors and boutiques is a rise in real estate prices. Namely, new development Franklin Place, which came back from the dead earlier this year, is almost sold out, with one penthouse unit's $10 million sale setting a per-square-foot record along "the Broadway corridor"which, by the way, is experiencing a condo construction mini-boom. [WSJ; previously]
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