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Italian Developers Plan Condo Conversion on Leonard Street

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Since 2006, a 12-story office building at the corner of Broaday and Leonard Street has changed hands three times. Most recently, Italian developers Bizzi & Parners paid $53 million for the building at the end of last year, and now BuzzBuzz Home reports that property is headed for a condo conversion. Permits were filed with the Department of Buildings in January, but it looks like Bizzi is still trying to resolve problems caused by the last owner; the permits have yet to be approved, and there are several open violations at the site, including an old, but still active, Stop Work Order.

When work does get moving, Bizzi, best known in NYC for the Setai at 400 Fifth Avenue, plans to create 66 condos in the building, which will be called The Leonard. According to a preview listing on Douglas Elliman's website, there will be one-, two-, and three-bedroom lofts, plus penthouses, and ceiling heights will range from 10.5-feet to 18-feet high. Amenities include the standard rooftop deck, bike storage, children's playroom, fitness center, and 24-hour doorman and concierge.
· 101 Leonard Street in Tribeca Gets Bizzi (and Partners) with 66-unit Condo Conversion [BuzzBuzz]
· The Leonard [Bizzi & Partners]
· The Leonard, 101 Leonard Street [Elliman]