The Real Deal New York

Pebb Capital, TriArch plan 80-unit resi project for Morningside Heights

Project would span 57K sf
By Kathryn Brenzel | May 18, 2018 11:00AM

411 West 120th Street and Pebb Capital’s Todd Rosenberg

Pebb Capital and TriArch Real Estate Group plan to bring an 80-unit residential building to Morningside Heights.

TriArch filed plans this week for a 14-story building at 411 West 120th Street. The project is expected to span roughly 57,000 square feet and rise 129 feet tall, according to a pre-filed permit application submitted to the city’s Department of Buildings.

Representatives for TriArch and Pebb Capital couldn’t immediately be reached for comment on Friday. Gerner Kronick + Valcarcel, Architects are listed as the project’s architect of record.

Documents filed with the city’s Department of Finance show that Pebb bought the site in March for $20.3 million. TriArch, which specializes in acquisition and management of multifamily properties, filed plans for the project as a representative for the owner, though the company’s full role in the project wasn’t immediately clear. Previous owners of the property had filed plans in 2016 for a 15-story, 57-unit building on the site and demolished an existing five-story building.