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This Building Will Replace Stabilized Units Damaged By Sandy

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Ponte Equities is continuing their takeover of a certain swath of Tribeca with plans accompanied by renderings for a new residential building at 440 Washington Street at Debrosses Street. YIMBY reports that Ponte filed plans for the 48,447-square-foot building back in December, but renderings for the OCV Architects-designed structure have only just made their way down the pipeline. The 11-story building will rise on the site of a standalone building that was severely damaged during Hurricane Sandy. The rent-stabilized building was at the center of a lawsuit involving its tenants and Ponte, who claimed that repairs to the aging structure would cost more than the building was worth. Looks like Ponte got their way in the courts; the new build will have 41 apartments that YIMBY says will average about 1,000 square feet in size, indicating that they'll be condos rather than rentals.

In addition to the 41 apartments, the building will also have 7,407-square-feet of commercial space and community space on its 10th floor. YIMBY notes that the development is adjacent to another of Ponte's Tribeca projects, the behemoth of a building designed by Robert A.M. Stern that's rising at 70 Vestry Street.