56 Leonard Street | TRD Research
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56 Leonard Street

56 Leonard Street
New York, NY 10013
212-371-8188
Residential, Sales, Condo, Multifamily

The sponsor(s) filed plans on 06/28/12 to test the market with a project at 56 Leonard Street with 146 residential units.

  • Address 56 Leonard Street
  • neighborhood Tribeca
  • borough Manhattan
  • owner Alexico Group
  • developer Alexico Group
  • owner entity 56 LEONARD, LLC
  • architect Ghwa Architects
  • sales/marketing Warburg Realty Partnership Ltd.
  • PLANS DISCLOSED 02/01/2008
  • dob permit issued 05/09/2008
  • tco issued 05/04/2016
  • DOB FILE PLANS 06/11/2007
  • DOB FILE Link
  • LIST/LAUNCH SALES 07/03/2008
  • height in feet 820
  • floors 56
  • AG Initial Price $ 5,600,000
  • ag file plans 02/01/2008
  • AG FILE Link
  • residential units 146
  • commercial units 1
  • hotel units 0
  • total units 147
  • square feet 480,364
  • const. status BUILDING COMPLETE
  • block and lot 1-00176-7501
  • BIN 1088646
  • Event Financing
  • Address 56 Leonard Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 1 Alexico Group
notes
A $350 million construction loan was secured for the 830-foot condo project. The development stalled following the financial crisis but restarted in October 2012. A sales effort led by Corcoran Sunshine Marketing Group is set to begin this quarter. New construction condo building.
  • Event Sales
  • Address 240 Church Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Price $ 140,000,000
  • Publication Date 09/01/2006
  • Event Date 07/23/2006
  • Party 1 H. Nottingham, W. Heller, Studley
  • Party 2 I. Senbahar, S. Elias
  • Party 2 Brokerage New York Law School
notes
The developers will use the site for a 306,155-square-foot luxury residential building. They reportedly teamed with Goldman Sachs and Dune Capital to fund the $140 million acquisition.

12/20/2017
Price matters. That’s the takeaway from a look at the 10 priciest residential sales of 2017. Like years past, the list was dominated by new developments. ButPrice matters. That’s the takeaway from a look at the 10 priciest residential sales of 2017. Like years past, the list was dominated by new developments. But...

12/13/2017
The year’s big winner in terms of sales volume was 56 Leonard Street, where 65 units sold for a total of $636 million, at an average of $9.8 million per unit...

10/01/2017
The largest mortgage â€' for $45 million â€' was snagged by a mystery buyer who paid $50.9 million for Russian financier Andrey Vavilov’s penthouse at the Time Warner Center. Ho followed with the loan for his 432 Park Avenue condo purchase, followed by an anonymous buyer, who through a corporation dubbed Parklight LLC scored a $24 million mortgage on a $65.6 million pad in the same building. Rounding out the top five were a $19.5 million loan at 30 Park Place and a $15.75 million loan at 56 Leonard Street...

04/01/2017
Federated Fire, which is waging at least two ongoing lawsuits against developers for alleged unpaid work, filed roughly 41 liens totaling $4 million in the past five years. In addition to its complaint over payment for One57’s sprinkler system, the company has an ongoing case against Alexico Group and Lendlease for work it performed at 56 Leonard Street, a 57-story condo project in Tribeca...

11/04/2015
Construction site at 57 Reade Street in Tribeca in 2009 (via Photobucket) and a snail In Hollywood, they call it “development hell.” Film productions become Construction site at 57 Reade Street in Tribeca in 2009 (via Photobucket) and a snail In Hollywood, they call it “development hell.” Film productions become...

10/07/2015
Alexico Group’s 56 Leonard Street had its offering plan declared effective a month earlier, in January 2014, and it has also sold almost all of its units...

01/01/2014
Still, that record may not hold up for long. There are units in contract at buildings like Walker Tower, the former Verizon tower at 212 West 18th Street â€' which was converted to luxury condos by JDS Development and Property Markets Group â€' and the much ballyhooed Herzog & de Meuronâ€'designed 56 Leonard Street for more than $50 million and $47 million apiece, respectively, according to news reports...

05/01/2013
Tribeca’s 56 Leonard Street, for example, is being marketed by the firm’s new development marketing arm, Corcoran Sunshine...