Bizzi Partners’ Tribeca condos to start at $1.3M

Sales at the Leonard launch today

TRD New York /
Jul.July 17, 2013 12:00 PM

The Latest Project From Setai Fifth Avenue developer Bizzi & Partners – a 66-unit Tribeca condominium conversion – is set to launch sales this afternoon, a representative for the developer told The Real Deal. See renderings below.

Drawings show the loft-like spaces designed by SLCE Architects at 350 Broadway — renamed 101 Leonard Street — which should be complete by next summer, according to the representative.

The building will be known as the Leonard, as previously reported, and will offer one-, two- and three-bedroom apartments, along with three penthouses, all marketed by Douglas Elliman Development Marketing. The prices for those units start at $1.3 million for a one-bedroom, range from $1.9 million to $2.5 million for a two-bedroom, and from $3.05 million to $3.4 million for a three-bedroom, the Milan-based developer told TRD.

Only one penthouse will be marketed in the first round of offerings: Penthouse B, a three-bedroom, four-bathroom asking $5.5 million, the developer said. That works out to about $2,063 per square foot for the 2,666-square-foot space, well above the median price per square foot for condos in Tribeca, which StreetEasy shows is about $1,300 per square foot.

Bizzi bought the 12-story tower, previously an office building, for $53 million in January, as The Real Deal reported.

Bizzi’s Other Projects Include 400 Fifth Avenue, A Combination Condominium And Hotel Known As The Setai Fifth Avenue. Last October, Bizzi sold the hotel portion of the development to hospitality operator Great Eagle Group for $229 million.

 

Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

(Credit: iStock)

The city’s rental growth is slowing

Natasha Page and Jason Walker

Lawsuit: Douglas Elliman broker called me a “mulatto”

Douglas Elliman's Scott Durkin (Credit: Getty Images, iStock)

Elliman foots bill for agents’ new business tool

Amenity insanity in LA luxe condo market

Amenity insanity in LA luxe condo market

Luis D. Ortiz and Ronita Kalra (Credit: Wikipedia, iStock)

Luis D. Ortiz splits with business partner Ronita Kalra

arrow_forward_ios