[UPDATE: The project has never been formally stalled, and has only been drawn out because of the city's approvals process. Curbed regrets the error.]
DDG's had plans to bring high-end condos to the site of a parking lot across from the Tribeca Grand Hotel for a good long while now, and with the news that the developer's finally won a zoning variance that will help the two slim buildings rise comes new details for the project. According to Crain's, the developer plans to erect two buildings, one standing six stories and the other eight, on the lot that's shaped like two contiguous triangles. The buildings which will cover 30,000 square feet combined will have 10 apartments total that will ask about $3,000 per square foot, which Crain's notes is par for the course in the perennially pricey neighborhood. DDG is using their in-house design team for the project. Renderings on the firm's website reflect the same brick design that won the Landmark Preservation Commission's approval in January 2014.
The development will have 200 feet of Sixth Avenue frontage.
As a part of the project, the developer is also rehabbing the concrete island bounded by Sixth Avenue and Church Street.
· Developer wins approval that will make building a TriBeCa luxury condo easier [Crain's]
· Franklin Street Condo Ditches Glass For Brick, Wins Over LPC [Curbed]
· All 100 Franklin Street coverage [Curbed]