HAP files plans for 41-unit condo development in Tribeca

Project at 65 Franklin Street will stand 19 stories tall and span about 77K sf

Jul.July 27, 2018 10:33 AM

65 Franklin Street rendering and Erin Polack (Credit: Google Maps and HAP)

Eran Polack’s HAP Investments filed plans Thursday for a 41-unit, 19-story condo project in Tribeca.

The building will span slightly more than 77,000 square feet, split between about 74,000 square feet of residential space and 3,000 square feet of commercial space, according to the plans filed with the city’s Department of Buildings. It will stand 210 feet tall.

HAP declined to comment on the project.

The company bought the development site in February for $46 million from Crescent Heights Realty, a Miami-based company. Crescent had purchased the site in 2013 for about $23 million.

This is HAP’s first development in Tribeca, and the company is financing it with $32 million from G4 Capital Partners.  The company is also planning a project a roughly 88,000-square-foot project at 4452 Broadway in Washington Heights with 129 residential units.

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