“The Leonard offers the loftiness, airiness and architectural details that people desire of Tribeca and are rarely replicated in new construction. With oversize windows and high ceilings in each residence—there are up to 18-foot ceilings in the three ground-level lofts—homeowners experience an openness and industrial feel associated with a quintessential Tribeca loft,” Steven Della Salla, a managing principal at Bizz & Partners Development, developer of The Leonard, said. “A perfect example is the floors—they’re solid oak, which is what you’d find in an original Tribeca warehouse, and we nailed them down the old-fashioned way; we wanted homeowners to feel they are walking on substance, like the floors have been there for 100 years and will be there for a hundred more.” The Leonard, located at 101 Leonard Street, holds nearly 70 condos with prices ranging from $1.3 million for one bedroom and one bath to $6 million for the penthouses, including three bedrooms and terraces. The Sterling Mason, located at 71 Laight Street, takes Tribeca to a new level in both square footage and prices. “The architecture is characteristic of Tribeca; it combines a renovated turn-of-the-last-century landmarked warehouse with ground-up construction designed with the same depth of detail work, which is rare for new construction,” Charles Bendit, co-chief executive officer of Taconic Investment Partners, developers of The
Sterling Mason, said. “Morris Adjmi envisioned The Sterling Mason as a modern reflection of historic Tribeca, and it is exactly that from the inside out.” The floor plans, which hit several thousand square feet, start in the low $4 million range and go up to the $20 million penthouse. The four-bedroom, four-bath penthouse spans 4,986 square feet inside with a 1,065-square-foot terrace and has designated space for a utility room, gallery and library. The Sterling Mason also includes a full on-site staff, including doormen, concierge, porter and live-in resident manager. The developers also consulted with 92Y to establish the children’s residential playroom. Amenities are similar in 250 West Street, which also added an indoor pool and 5,000-square-foot common roof terrace to the roster of amenities. “The building [at 250 West Street] was originally a warehouse and has been converted into 106 residences featuring meticulously appointed finishes, up to 13-foot ceiling heights and large windows overlooking the water,” Sax said. 250 West Street offers a greater diversity of condominium options from studios to two-bedrooms to four-bedrooms. Conversely, the price for an apartment in the building ranges from mid $1 million to $10 million for upper floors. The penthouse, however, trumps all of
Franklin place photos courtesy El Ad Group
Real Estate — Market Beat
Above: the pool at Franklin Place
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