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New York

Construction to restart at 56 Leonard

A rendering of 56 Leonard
A rendering of 56 Leonard

Construction is slated to recommence next week at 56 Leonard Street, the 830-foot Herzog & de Meuron–designed condo that stalled amid the financial crisis, the Tribeca Trib reported. The building’s foundations have been completed for three years.

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Pricing has not yet been released for the 57-story building, which will be finished by 2016. Back in 2008, before the crisis hit, the developer Alexico Group was selling units for between $3.5 million and $35 million. The building is being marketed by Corcoran Sunshine.

“It’s a very complicated structure,” said Tony DelGreco, the manager of the project, noting that the first 10 floors of the project will be erected at a slow pace due to the nature of the large cantilevered apartments. [Tribeca Trib] — Katherine Clarke