The Real Deal New York

Tribeca Verizon building gets transformed into high-end photo studio

May 14, 2012 11:00AM

An old Verizon building in Tribeca will soon be home to model photo shoots and fancy rooftop parties. Curbed reported that Estate Four, a development firm that builds working and living spaces for artists, is well underway converting 50 Varick Street into a United States studio outpost of U.K.-based Spring Studios.

Estate Four is renovating 130,000 square feet of the building into 11 photo studios, 9 green rooms, a restaurant, bar, art gallery, small movie theater, library, offices and storage space for lighting and equipment rentals. The completed structure, designed by Adjmi & Andreoli, will also include a 20,000-square-foot roof deck.

Estate Four acquired its stake in the site, between Grand and Canal streets, for $12 million in 2010. [Curbed]