Independence Plaza | The Real Deal New York

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Independence Plaza

80 North Moore Street
New York, NY 10013
Retail, Residential, Leasing/Rental, Multifamily

This residential and retail complex in Tribeca, on Greenwich Street between North Moore and Harrison Streets, includes 1,328 apartments in three 39-story towers. The four-acre complex on the Hudson River also features 54,500 square feet of street retail space, managed by Vornado Realty Trust, with tenants such as Duane Reade and Food Emporium.

Vornado bought a 58.75 percent stake in Independence Plaza in December 2012, following a 2011 deal in which it acquired a 51% interest in the complexs subordinated debt for $45 million and a warrant to purchase 25% of the equity for $1 million. The 2012 transaction valued the property at $844.8 million; at the time, it carried a $329.2 million mortgage.

Vornado manages the retail space at the property and Stellar Management, the other partner, manages the residential units.

-NE

  • Year Built 1975
  • residential units 1,328
  • total units 1,328
  • square feet 1,970,736
  • block and lot 1-00142-0025
  • BIN 1083157

12/24/18
...From Larry Gluck and Vornado Realty Trust’s Independence Plaza to Brookfield’s 5 Manhattan West, many featured among the year’s biggest debt deals...

12/07/18
...has spent decades on the bottom floors of Independence Plaza, but parents found out in October that the city’s lease for the space...

09/14/18
...of banks led by Goldman Sachs to refinance Independence Plaza, three 39-story apartment towers in Tribeca. The seven largest issuances — totaling $2.3 billion — were all...

...of banks led by Goldman Sachs to refinance Independence Plaza, three 39-story apartment towers in Tribeca. The seven largest issuances — totaling $2.3 billion — were all...

07/25/18
...From left: Steven Roth, Independence Plaza at 40 Harrison St, Joseph Chetrit, 500-512 Seventh Avenue, and Joseph Moinian (Credit: Getty, Apartments...

06/12/18
...Independence Plaza UPDATED, June 14, 2:49 p.m.: Vornado Realty Trust and Larry Gluck’s Stellar Management refinanced...

11/14/17
...deregulate the 1,000-plus-unit rental complex in Tribeca Called Independence Plaza North. “That complex is worth a fortune,” said Meister, who favors double-breasted pinstripe suits...

...deregulate the 1,000-plus-unit rental complex in Tribeca called Independence Plaza North. “That complex is worth a fortune,” said Meister, who favors double-breasted pinstripe suits...

04/18/17
...attempted to deregulate a Tribeca complex known as Independence Plaza North. Gluck initially lost a New York State Supreme Court case brought by tenants...

...a court decision in favor of tenants of Independence Plaza North, a large rental complex in Manhattan, who sued their landlord, Laurence Gluck of...

12/30/16
...a court decision in favor of tenants of Independence Plaza North, a large rental complex in Manhattan, who sued their landlord, Laurence Gluck of...

06/29/16
...Gluck's Stellar Management, for example, took the 1,328-unit Independence Plaza North to market after Mitchell-Lama regulations ran out in 2004. Two-bedroom units there now fetch...

04/28/16
...to deregulate units at its giant 1,331-unit Complex Independence Plaza North in Tribeca while also receiving the J-51 tax abatement. Stellar notified the city...

...to deregulate units at its giant 1,331-unit complex Independence Plaza North in Tribeca while also receiving the J-51 tax abatement. Stellar notified the city...

05/17/13
...lists for more in resale attempt 4. Tribeca’s Independence Plaza North allowing only fair-market tenants to use gym 5. Midtown’s 137 East 47th Street sells...

...also grabbed a majority share at Tribeca’s Independence Plaza, a rare residential play by the firm. (The sale price of the three-tower, 1,328-unit...

08/17/12
...construction  12. Pols pledge support for tenants of Gluck's Independence Plaza North seeking rent-stabilization  13. Not out of the clear yet: rent-stabilized tenants of NYU building...

04/12/12
...into the goings on at once Mitchell-Lama Regulated Independence Plaza in Tribeca have revealed more alleged crimes, DNAinfo reported. Antonio Fermin, a noted pianist...

04/05/12
...late 2012 3. Appellate Court repeals ruling against Gluck at Independence Plaza...

04/03/12
...illegally deregulate apartments at his 1,328-unit Tribeca Complex Independence Plaza, at 80 North Moore Street, a state Appellate Court has followed suit, reversing an earlier...

09/26/11
...Management to extend the $265 million senior mortgage on Independence Plaza in Tribeca by two years, the Wall Street Journal reported, giving it time to...

07/11/11
...Independence Plaza Mall in Selden, N.Y. Kimco Realty, a New Hyde Park-based real estate investment...

06/24/11
...Larry Gluck and Independence Plaza at 80 North Moore StreetLarry Gluck has struck a deal with Vornado Realty Trust to...

05/17/11
...Larry Gluck and Independence Plaza at 80 North Moore StreetA federal judge has ruled that landlord Larry Gluck did not...

04/29/11
...Stellar Management requested to transfer its debt on Independence Plaza to a special servicer in an effort to extend the mortgage. Independence Plaza is...
  • Event Retail Leasing
  • Address 40 Harrison Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 2,200
notes
The patisserie and wine bar signed a 10-year lease. The reported asking rent was about $125 per square foot.