Tribeca’s 7 Harrison condos to launch later in 2013

May 17, 2013 11:30AM

A new 12-unit condominium conversion co-developed by Clarion Partners is coming to 7 Harrison Street in Tribeca, a property spokesperson told The Real Deal.

The landmarked building, near Staple Street, will feature 10 three- and four-bedroom half-floor residences, as well as a townhouse unit with a private garden and a duplex penthouse with private outdoor space.

Sales are slated to launch later this year, as a model residence is ready to be shown, with the building set to open in the middle of next year. Leonard Steinberg and Herve Senequier of Douglas Elliman will handle the sales team.

Clarion, a New York City-based real estate investment manager, is jointly developing the property with Scott Sabbagh, Sean Zalka and Shane Neuringer of Matrix Harrison, which is an affiliate of Matrix Real Estate Advisors, the spokesperson said.

The developers declined to discuss pricing at this time. The property was purchased for $20 million in November 2011.

Steven Harris Architects, known to specialize in high-end private homes, is collaborating with interior design group Rees Robert + Partners and DXA studio on the design.

It will be Harris’ largest luxury condominium development to date, the spokesperson said.

In Tribeca, the six-block stretch of Broadway between Worth and Canal streets, is slated to see the construction of eight new residential projects, including seven conversions.

Harris renovated a townhouse at 42 West 12th Street before it was purchased by Tom Cruise, who yesterday listed it for $28 million, as reported by The Real Deal. In January, the architect created a glassy penthouse on top of an Upper East Side pre-war co-op.

The Harrison Street site was formerly a dry goods and cold storage warehouse that was erected in 1893. – Mark Maurer