January 1st 2013
Luxury Listings NYC
After a three-year hiatus, construction re- commenced recently at 56 Leonard Street, the 57-story Herzog & de Meuron–designed condominium near Church Street that stalled amid the financial crisis, the Tribeca
The building’s foundations have been
The 146-unit condo, being developed by Alexico Group, will be the tallest building in the neighborhood when finished by spring 2016.
“It’s a very complicated structure,” said Tony DelGreco, the manager of the project, noting that the first 10 floors of the project will be erected at a slow pace due to the nature of the large canti- levered apartments.
“I think this will be one of the most striking buildings we’ve seen in years and it will change the skyline of Tribeca,” said Naomi Mu- ramatsu, director of sales at real estate brokerage Bond New York Properties. “Some people are opposed to its cutting-edge design andthinkitwilldestroythecharacterofTribecabutthisneighbor- hood is fascinating because of the diversity of styles as well.”
completed for three years. A specially commissioned sculpture by internationally celebrated artist Anish Kapoor that initially formed part of the base of the building appears to have been scrapped, although a press person did not respond to a request for comment.
The building is adorned in sculpted surfaces, cantilevers and sparkling glass.
Deborah Lupard, an agent at Warburg Realty
Q: What is the most surprising trend you’re seeing in the residential market in Tribeca?
A: I am surprised to see things go in bidding wars [after] two days on the market and to see how many all-cash buyers are around.