The re-birth of 56 Leonard Street, Tribeca

56 Leonard StreetIn an environment where Manhattan real estate inventory is at the lowest it has been in seven years, the perfect environment has been created for the continuation of the iconic Herzon and de Meuron 60 story Tribeca condominium tower. Begun just before the real estate bubble burst in 2008, the developers, Alexico and the Houston based Heines Interests LP, have chosen the perfect moment to create this architectural masterpiece – 145 individual residences, each with private outdoor space. The building gives the illusion of angled stacked lofts with floor to ceiling windows capturing fabulous Manhattan views.

It will have a base accentuated by an Anish Kapoor’s polished metal sculpture. Our firm, Corcoran Sunshine is the marketing agent. During the first ten days, the initial offerings have been a sell-out.

Make no mistake, this development will be the most architecturally significant structure in lower Manhattan.

It is a quality address that is attracting international as well as domestic purchasers. Prices are expected to rise significantly as the construction continues – the wise purchaser will act to secure some of the most select units.

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